Brokerages Set MINISO Group Holding Limited (NYSE:MNSO) PT at $23.70

MINISO Group Holding Limited (NYSE:MNSO) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $26.03.

Several analysts have recently commented on the stock. Hsbc Global Res upgraded shares of MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. upgraded shares of MINISO Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $15.00 to $22.00 in a research note on Tuesday. Finally, HSBC initiated coverage on MINISO Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $29.30 target price on the stock.

MINISO Group Stock Performance

Shares of MNSO opened at $18.28 on Friday. MINISO Group has a 52 week low of $12.51 and a 52 week high of $27.71. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. The stock has a 50 day moving average price of $21.64 and a two-hundred day moving average price of $20.52. The firm has a market capitalization of $5.71 billion, a P/E ratio of 16.47, a P/E/G ratio of 0.80 and a beta of 0.10.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.61 by ($2.25). MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. The company had revenue of $646.49 million for the quarter, compared to the consensus estimate of $4.82 billion. Equities analysts forecast that MINISO Group will post 1.19 earnings per share for the current fiscal year.

MINISO Group Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th will be issued a dividend of $0.3268 per share. The ex-dividend date is Tuesday, April 8th. This represents a yield of 1.4%. MINISO Group’s dividend payout ratio (DPR) is presently 55.08%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vise Technologies Inc. bought a new stake in shares of MINISO Group in the 4th quarter worth approximately $366,000. Vident Advisory LLC grew its holdings in MINISO Group by 34.4% during the fourth quarter. Vident Advisory LLC now owns 21,559 shares of the company’s stock valued at $515,000 after purchasing an additional 5,523 shares during the period. Two Sigma Advisers LP purchased a new stake in MINISO Group in the fourth quarter worth $237,000. Two Sigma Investments LP bought a new stake in shares of MINISO Group in the fourth quarter valued at $1,514,000. Finally, Tairen Capital Ltd lifted its position in shares of MINISO Group by 211.7% during the 4th quarter. Tairen Capital Ltd now owns 218,170 shares of the company’s stock valued at $5,212,000 after buying an additional 148,170 shares during the last quarter. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

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.