MINISO Group Holding Limited (NYSE:MNSO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

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

Several research firms have issued reports on MNSO. JPMorgan Chase & Co. raised shares of MINISO Group from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $15.00 to $22.00 in a research report on Tuesday, March 25th. Hsbc Global Res raised shares of MINISO Group to a “strong-buy” rating in a research report on Wednesday, February 26th. Finally, HSBC began coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They set a “buy” rating and a $29.30 price target on the stock.

MINISO Group Stock Performance

Shares of MNSO opened at $19.67 on Monday. MINISO Group has a 12 month low of $12.51 and a 12 month high of $27.71. The firm has a fifty day simple moving average of $18.06 and a 200 day simple moving average of $20.56. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 0.80 and a beta of 0.18. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17.

MINISO Group (NYSE:MNSO) last announced its earnings results on Friday, March 21st. The company reported $0.36 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 business had revenue of $646.49 million for the quarter, compared to analyst estimates of $4.82 billion. Research analysts forecast that MINISO Group will post 1.19 EPS for the current fiscal year.

MINISO Group Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th were given a $0.3268 dividend. This represents a dividend yield of 1.4%. The ex-dividend date was Tuesday, April 8th. MINISO Group’s payout ratio is presently 53.39%.

Hedge Funds Weigh In On MINISO Group

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in shares of MINISO Group in the fourth quarter valued at about $31,000. Barclays PLC bought a new position in shares of MINISO Group in the fourth quarter valued at about $36,000. EverSource Wealth Advisors LLC raised its position in shares of MINISO Group by 83.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $39,000 after purchasing an additional 734 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of MINISO Group in the first quarter valued at about $74,000. Finally, SG Americas Securities LLC bought a new position in shares of MINISO Group in the fourth quarter valued at about $163,000. 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.