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

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $24.3750.

A number of research analysts have recently commented on the stock. Jefferies Financial Group raised shares of MINISO Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $18.50 to $26.20 in a research report on Friday, August 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of MINISO Group in a report on Wednesday, October 8th. Dbs Bank raised shares of MINISO Group to a “moderate buy” rating in a research report on Friday, August 22nd. Finally, Bank of America upgraded MINISO Group from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 21st.

Hedge Funds Weigh In On MINISO Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its stake in shares of MINISO Group by 28.3% in the third quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock worth $56,000 after buying an additional 547 shares during the last quarter. American Century Companies Inc. grew its holdings in MINISO Group by 0.4% during the 2nd quarter. American Century Companies Inc. now owns 133,224 shares of the company’s stock worth $2,427,000 after acquiring an additional 595 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in MINISO Group by 37.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock worth $41,000 after acquiring an additional 608 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of MINISO Group by 7.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 19,214 shares of the company’s stock worth $432,000 after purchasing an additional 1,301 shares during the last quarter. Finally, Brooklyn Investment Group raised its stake in shares of MINISO Group by 579.4% in the 1st quarter. Brooklyn Investment Group now owns 1,651 shares of the company’s stock valued at $31,000 after purchasing an additional 1,408 shares in the last quarter. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

MINISO Group Stock Performance

NYSE:MNSO opened at $20.67 on Monday. The business’s 50-day moving average is $22.89 and its two-hundred day moving average is $20.41. The firm has a market capitalization of $6.40 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 1.32 and a beta of 0.15. MINISO Group has a 12 month low of $13.94 and a 12 month high of $27.71. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.92 and a quick ratio of 1.50.

MINISO Group (NYSE:MNSO) last posted its earnings results on Thursday, August 21st. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($1.52). The company had revenue of $692.93 million during the quarter, compared to analyst estimates of $4.85 billion. MINISO Group had a net margin of 12.63% and a return on equity of 22.60%. Research analysts predict that MINISO Group will post 1.19 earnings per share for the current fiscal year.

MINISO Group Cuts Dividend

The firm also recently disclosed a — dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were paid a dividend of $0.2896 per share. This represents a yield of 236.0%. The ex-dividend date was Friday, September 5th. MINISO Group’s dividend payout ratio (DPR) is 52.34%.

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.