MINISO Group (NYSE:MNSO) Trading Up 8% – Still a Buy?

MINISO Group Holding Limited (NYSE:MNSO)’s stock price rose 8% during trading on Wednesday . The stock traded as high as $19.03 and last traded at $18.80. Approximately 291,770 shares were traded during trading, a decline of 84% from the average daily volume of 1,834,471 shares. The stock had previously closed at $17.40.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MNSO. JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 price objective (down previously from $27.00) on shares of MINISO Group in a report on Tuesday, September 24th. Citigroup began coverage on shares of MINISO Group in a research note on Friday, October 4th. They set a “buy” rating and a $26.80 price target for the company. Dbs Bank raised MINISO Group to a “strong-buy” rating in a research note on Tuesday, September 24th. Jefferies Financial Group reaffirmed a “hold” rating on shares of MINISO Group in a research report on Monday, September 23rd. Finally, Bank of America downgraded MINISO Group from a “buy” rating to an “underperform” rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.90.

MINISO Group Stock Up 7.2 %

The company has a quick ratio of 1.93, a current ratio of 2.38 and a debt-to-equity ratio of 0.15. The company has a market cap of $5.87 billion, a P/E ratio of 17.41, a P/E/G ratio of 0.69 and a beta of 0.15. The business’s 50 day moving average is $17.73 and its 200 day moving average is $18.32.

MINISO Group (NYSE:MNSO) last released its quarterly earnings results on Friday, August 30th. The company reported $0.26 earnings per share 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 for the quarter, compared to analysts’ expectations of $557.54 million. As a group, equities analysts anticipate that MINISO Group Holding Limited will post 1.23 earnings per share for the current fiscal year.

MINISO Group Announces Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were given a dividend of $0.274 per share. This represents a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 13th. MINISO Group’s dividend payout ratio is currently 49.07%.

Institutional Investors Weigh In On MINISO Group

A number of large investors have recently modified their holdings of MNSO. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of MINISO Group in the 2nd quarter valued at approximately $26,000. Blue Trust Inc. increased its holdings in MINISO Group by 3,098.4% in the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock worth $40,000 after buying an additional 1,890 shares during the period. FMR LLC raised its position in MINISO Group by 230.2% during the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock worth $73,000 after buying an additional 2,884 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of MINISO Group in the 3rd quarter valued at $78,000. Finally, Banque Cantonale Vaudoise acquired a new position in MINISO Group during the second quarter valued at $118,000. 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.