MINISO Group (NYSE:MNSO) Earns “Hold” Rating from Jefferies Financial Group

Jefferies Financial Group reissued their hold rating on shares of MINISO Group (NYSE:MNSO) in a research note released on Monday, Marketbeat.com reports.

MNSO has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their price target on shares of MINISO Group from $29.00 to $27.00 and set an overweight rating for the company in a research report on Tuesday, September 3rd. Bank of America cut MINISO Group from a buy rating to an underperform rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $15.00.

MINISO Group Price Performance

Shares of MNSO opened at $15.43 on Monday. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 0.56 and a beta of 0.17. The firm’s fifty day simple moving average is $15.87 and its 200-day simple moving average is $19.35. MINISO Group has a twelve month low of $12.51 and a twelve month high of $28.28. The company has a current ratio of 2.38, a quick ratio of 1.93 and a debt-to-equity ratio of 0.15.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings results on Friday, August 30th. The company reported $0.26 earnings per share for the quarter. The company had revenue of $555.26 million for the quarter, compared to analysts’ expectations of $557.54 million. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. Equities analysts forecast that MINISO Group will post 1.23 EPS for the current fiscal year.

MINISO Group Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were paid a $0.274 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 1.6%. MINISO Group’s dividend payout ratio is presently 50.00%.

Hedge Funds Weigh In On MINISO Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of MINISO Group in the 2nd quarter valued at approximately $26,000. Blue Trust Inc. grew its position in MINISO Group by 3,098.4% in the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock valued at $40,000 after buying an additional 1,890 shares during the last quarter. Headlands Technologies LLC acquired a new position in MINISO Group in the 1st quarter valued at $93,000. Banque Cantonale Vaudoise purchased a new position in MINISO Group during the 2nd quarter worth $118,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of MINISO Group in the 1st quarter worth $201,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Company Profile

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.