MINISO Group’s (MNSO) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of MINISO Group (NYSE:MNSO) in a research note published on Tuesday morning, Marketbeat.com reports. They currently have a $15.00 price objective on the stock, down from their previous price objective of $27.00.

MNSO has been the subject of a number of other reports. Bank of America cut shares of MINISO Group from a buy rating to an underperform rating in a research note on Monday. Jefferies Financial Group reissued a hold rating on shares of MINISO Group in a research note on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $15.00.

MINISO Group Trading Up 10.2 %

MNSO stock opened at $15.43 on Tuesday. The firm has a market cap of $4.87 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 0.56 and a beta of 0.17. The firm has a fifty day moving average price of $15.87 and a 200 day moving average price of $19.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.38. MINISO Group has a fifty-two week low of $12.51 and a fifty-two week high of $28.28.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings data on Friday, August 30th. The company reported $0.26 EPS for the quarter. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. The business had revenue of $555.26 million during the quarter, compared to analysts’ expectations of $557.54 million. Sell-side analysts anticipate that MINISO Group will post 1.23 earnings per share for the current fiscal year.

MINISO Group Announces Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were paid a dividend of $0.274 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 1.6%. MINISO Group’s dividend payout ratio is presently 50.00%.

Hedge Funds Weigh In On MINISO Group

A number of large investors have recently made changes to their positions in MNSO. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of MINISO Group during the 2nd quarter worth about $26,000. Blue Trust Inc. boosted its stake in shares of MINISO Group by 3,098.4% during the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock worth $40,000 after purchasing an additional 1,890 shares during the period. Headlands Technologies LLC bought a new stake in MINISO Group during the 1st quarter valued at about $93,000. Banque Cantonale Vaudoise bought a new stake in MINISO Group during the 2nd quarter valued at about $118,000. Finally, Bayesian Capital Management LP bought a new stake in MINISO Group during the 1st quarter valued at about $201,000. 17.16% of the stock is owned by hedge funds and other 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.