MINISO Group (NYSE:MNSO) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of MINISO Group (NYSE:MNSO) in a report released on Tuesday morning, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $30.00 target price on the stock.

MINISO Group Stock Performance

NYSE:MNSO opened at $22.47 on Tuesday. The company has a current ratio of 2.34, a quick ratio of 1.91 and a debt-to-equity ratio of 0.09. MINISO Group has a 12-month low of $14.46 and a 12-month high of $29.92. The stock has a 50-day moving average price of $20.20 and a 200 day moving average price of $21.27. The stock has a market capitalization of $7.10 billion, a P/E ratio of 22.03, a P/E/G ratio of 0.77 and a beta of 0.27.

MINISO Group (NYSE:MNSO) last released its earnings results on Tuesday, March 12th. The company reported $0.29 earnings per share (EPS) for the quarter. MINISO Group had a return on equity of 25.43% and a net margin of 16.28%. The firm had revenue of $541.04 million during the quarter. Equities research analysts forecast that MINISO Group will post 1.18 EPS for the current fiscal year.

MINISO Group Announces Dividend

The firm also recently announced a None dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were given a dividend of $0.29 per share. This represents a dividend yield of 2%. The ex-dividend date of this dividend was Wednesday, March 27th. MINISO Group’s dividend payout ratio is currently 38.24%.

Institutional Trading of MINISO Group

Several institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC grew its holdings in MINISO Group by 8.1% during the 3rd quarter. Acadian Asset Management LLC now owns 3,532,627 shares of the company’s stock valued at $91,456,000 after buying an additional 265,483 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of MINISO Group by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,490,090 shares of the company’s stock worth $90,393,000 after purchasing an additional 49,492 shares during the period. KEYWISE CAPITAL MANAGEMENT HK Ltd boosted its holdings in shares of MINISO Group by 45.1% in the 3rd quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 3,224,200 shares of the company’s stock worth $83,507,000 after purchasing an additional 1,002,600 shares during the period. Axiom Investors LLC DE boosted its holdings in shares of MINISO Group by 111.7% in the 4th quarter. Axiom Investors LLC DE now owns 1,646,199 shares of the company’s stock worth $33,582,000 after purchasing an additional 868,599 shares during the period. Finally, Norges Bank purchased a new position in shares of MINISO Group in the 4th quarter worth approximately $31,510,000. 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.