MINISO Group (NYSE:MNSO) Raised to “Overweight” at JPMorgan Chase & Co.

MINISO Group (NYSE:MNSO) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Tuesday, MarketBeat.com reports. The firm currently has a $22.00 price target on the stock, up from their previous price target of $15.00. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 17.43% from the stock’s previous close.

MNSO has been the topic of a number of other reports. Hsbc Global Res upgraded MINISO Group to a “strong-buy” rating in a research note on Wednesday, February 26th. HSBC assumed coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $29.30 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, MINISO Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.03.

MINISO Group Stock Up 2.7 %

MINISO Group stock opened at $18.74 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $5.85 billion, a P/E ratio of 16.88, a P/E/G ratio of 0.80 and a beta of 0.10. The firm has a 50 day moving average price of $21.56 and a 200-day moving average price of $20.50. MINISO Group has a twelve month low of $12.51 and a twelve month high of $27.71.

MINISO Group (NYSE:MNSO) last released its earnings results on Friday, March 21st. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.61 by ($2.25). The firm had revenue of $646.49 million during the quarter, compared to analysts’ expectations of $4.82 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. As a group, equities analysts predict that MINISO Group will post 1.19 EPS for the current year.

Hedge Funds Weigh In On MINISO Group

Several hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in MINISO Group in the 4th quarter valued at $31,000. Barclays PLC bought a new stake in MINISO Group during the fourth quarter valued at $36,000. EverSource Wealth Advisors LLC grew its position in MINISO Group by 83.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $39,000 after buying an additional 734 shares in the last quarter. FMR LLC grew its position in MINISO Group by 230.2% during the third quarter. FMR LLC now owns 4,137 shares of the company’s stock worth $73,000 after buying an additional 2,884 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of MINISO Group in the 4th quarter valued at about $163,000. 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.