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

MINISO Group Holding Limited (NYSE:MNSO) has received an average recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $20.90.

Several brokerages have issued reports on MNSO. Jefferies Financial Group reaffirmed a “hold” rating on shares of MINISO Group in a research report on Monday, September 23rd. Dbs Bank raised shares of MINISO Group to a “strong-buy” rating in a report on Tuesday, September 24th. Citigroup initiated coverage on shares of MINISO Group in a report on Friday, October 4th. They issued a “buy” rating and a $26.80 price objective on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 target price (down from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Finally, Bank of America lowered MINISO Group from a “buy” rating to an “underperform” rating in a research report on Monday, September 23rd.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in MINISO Group in the second quarter valued at approximately $26,000. Blue Trust Inc. boosted its position in MINISO Group by 3,098.4% during the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock valued at $40,000 after purchasing an additional 1,890 shares during the period. FMR LLC grew its stake in MINISO Group by 230.2% during the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock worth $73,000 after buying an additional 2,884 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in MINISO Group in the third quarter worth $78,000. Finally, Banque Cantonale Vaudoise bought a new stake in MINISO Group in the second quarter valued at $118,000. Institutional investors own 17.16% of the company’s stock.

MINISO Group Stock Performance

Shares of MNSO stock opened at $18.48 on Friday. The company has a current ratio of 2.38, a quick ratio of 1.93 and a debt-to-equity ratio of 0.15. The company has a market cap of $5.81 billion, a PE ratio of 17.11, a P/E/G ratio of 0.69 and a beta of 0.15. The company’s fifty day simple moving average is $17.79 and its 200-day simple moving average is $18.32. MINISO Group has a 52 week low of $12.51 and a 52 week high of $26.54.

MINISO Group (NYSE:MNSO) last released its quarterly earnings data on Friday, August 30th. The company reported $0.26 EPS for the quarter. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. The company had revenue of $555.26 million for the quarter, compared to analyst estimates of $557.54 million. As a group, equities research analysts anticipate that MINISO Group will post 1.23 EPS for the current year.

MINISO Group Dividend Announcement

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

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.