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

Shares of MINISO Group Holding Limited (NYSE:MNSO) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $26.03.

Several research analysts have weighed in on MNSO shares. Hsbc Global Res upgraded MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. upgraded MINISO Group from a “neutral” rating to an “overweight” rating and upped their target price 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 price target on the stock.

Hedge Funds Weigh In On MINISO Group

A number of institutional investors have recently bought and sold shares of MNSO. EverSource Wealth Advisors LLC raised its holdings in shares of 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 acquiring an additional 734 shares in the last quarter. Northern Trust Corp boosted its position in shares of MINISO Group by 3.3% in the fourth quarter. Northern Trust Corp now owns 24,232 shares of the company’s stock valued at $579,000 after acquiring an additional 784 shares during the period. Geode Capital Management LLC boosted its holdings in MINISO Group by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 66,540 shares of the company’s stock valued at $1,167,000 after purchasing an additional 1,027 shares during the period. SBI Securities Co. Ltd. acquired a new stake in MINISO Group during the fourth quarter worth about $31,000. Finally, Barclays PLC acquired a new stake in shares of MINISO Group during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Stock Up 4.1 %

Shares of NYSE:MNSO opened at $19.54 on Friday. MINISO Group has a 1-year low of $12.51 and a 1-year high of $27.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. The stock has a market cap of $6.10 billion, a P/E ratio of 17.60, a P/E/G ratio of 0.80 and a beta of 0.10. The firm has a fifty day moving average price of $21.49 and a 200 day moving average price of $20.50.

MINISO Group (NYSE:MNSO) last posted its quarterly 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). The business had revenue of $646.49 million during the quarter, compared to analyst estimates of $4.82 billion. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. Sell-side analysts predict that MINISO Group will post 1.19 EPS for the current year.

MINISO Group Announces Dividend

The company also recently announced a — dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th will be paid a dividend of $0.3268 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a yield of 1.4%. MINISO Group’s dividend payout ratio is currently 55.08%.

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.