MINISO Group Holding Limited (NYSE:MNSO) Receives Consensus Rating of “Hold” from Brokerages

Shares of MINISO Group Holding Limited (NYSE:MNSO) have been assigned an average rating of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $20.90.

A number of research analysts recently commented on MNSO shares. Citigroup started coverage on shares of MINISO Group in a report on Friday, October 4th. They issued a “buy” rating and a $26.80 price target for the company. Jefferies Financial Group reaffirmed a “hold” rating on shares of MINISO Group in a research note on Monday, September 23rd. Dbs Bank upgraded MINISO Group to a “strong-buy” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 price target (down previously from $27.00) on shares of MINISO Group in a report on Tuesday, September 24th. Finally, Bank of America lowered shares of MINISO Group from a “buy” rating to an “underperform” rating in a research note on Monday, September 23rd.

MINISO Group Stock Down 1.4 %

Shares of MNSO opened at $19.65 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 0.82 and a beta of 0.15. MINISO Group has a 1 year low of $12.51 and a 1 year high of $28.16. The business’s 50 day simple moving average is $17.08 and its 200-day simple moving average is $18.93.

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

MINISO Group Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were paid a dividend of $0.274 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 1.6%. MINISO Group’s dividend payout ratio is 49.07%.

Institutional Investors Weigh In On MINISO Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in MINISO Group in the 2nd quarter valued at $26,000. Blue Trust Inc. grew its holdings in shares of MINISO Group by 3,098.4% in the second quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock worth $40,000 after purchasing an additional 1,890 shares during the last quarter. Headlands Technologies LLC purchased a new position in MINISO Group in the 1st quarter worth about $93,000. Banque Cantonale Vaudoise purchased a new position in MINISO Group in the 2nd quarter worth about $118,000. Finally, Bayesian Capital Management LP bought a new stake in MINISO Group during the 1st quarter valued at about $201,000. 17.16% of the stock is owned by institutional investors.

About MINISO Group

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.