MINISO Group Holding Limited (NYSE:MNSO) Receives Consensus Rating of “Hold” from Analysts

Shares of MINISO Group Holding Limited (NYSE:MNSO) have been given an average recommendation of “Hold” by the five analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $20.90.

A number of equities research analysts recently commented on the company. Dbs Bank upgraded MINISO Group to a “strong-buy” rating in a research report on Tuesday, September 24th. Bank of America cut shares of MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday, September 23rd. Citigroup initiated coverage on shares of MINISO Group in a report on Friday, October 4th. They issued a “buy” rating and a $26.80 price target on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 price objective (down previously from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Finally, Jefferies Financial Group restated a “hold” rating on shares of MINISO Group in a research note on Monday, September 23rd.

MINISO Group Stock Up 8.2 %

Shares of MINISO Group stock opened at $20.01 on Friday. MINISO Group has a 52-week low of $12.51 and a 52-week high of $26.48. The firm’s 50 day moving average price is $17.90 and its 200-day moving average price is $18.29. 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 $6.30 billion, a P/E ratio of 18.53, a PEG ratio of 0.76 and a beta of 0.15.

MINISO Group (NYSE:MNSO) last announced its earnings results on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. The company had revenue of $555.26 million for the quarter, compared to analyst estimates of $557.54 million. On average, sell-side analysts predict that MINISO Group will post 1.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Point72 Hong Kong Ltd increased its stake in shares of MINISO Group by 89.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,707,749 shares of the company’s stock valued at $32,567,000 after purchasing an additional 804,706 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of MINISO Group in the third quarter valued at approximately $11,384,000. Seven Eight Capital LP acquired a new position in shares of MINISO Group during the 2nd quarter worth approximately $607,000. M&G Plc grew its stake in MINISO Group by 129.0% in the 2nd quarter. M&G Plc now owns 1,137,449 shares of the company’s stock valued at $21,612,000 after acquiring an additional 640,718 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in MINISO Group by 138.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,113,200 shares of the company’s stock valued at $21,229,000 after acquiring an additional 645,722 shares during the period. Institutional investors and hedge funds 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.