MINISO Group (NYSE:MNSO) Rating Reiterated by Jefferies Financial Group

MINISO Group (NYSE:MNSO)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Financial Group in a note issued to investors on Monday, Benzinga reports.

A number of other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of MINISO Group from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Bank of America lowered shares of MINISO Group from a “buy” rating to an “underperform” rating in a research report on Monday.

MINISO Group Stock Performance

MNSO traded down $2.69 on Monday, hitting $13.77. The company had a trading volume of 17,360,862 shares, compared to its average volume of 1,535,078. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 0.68 and a beta of 0.17. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93. The company’s fifty day moving average price is $16.16 and its 200 day moving average price is $19.46. MINISO Group has a 1-year low of $13.19 and a 1-year high of $28.28.

Hedge Funds Weigh In On MINISO Group

Hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP grew its position in MINISO Group by 96.4% in the first quarter. GSA Capital Partners LLP now owns 89,196 shares of the company’s stock valued at $1,829,000 after acquiring an additional 43,782 shares during the period. Prudential PLC grew its holdings in shares of MINISO Group by 884.5% in the 4th quarter. Prudential PLC now owns 217,548 shares of the company’s stock worth $4,438,000 after purchasing an additional 195,451 shares during the last quarter. M&G Plc bought a new position in MINISO Group during the 1st quarter valued at about $10,431,000. Seven Eight Capital LP acquired a new position in MINISO Group in the second quarter valued at about $607,000. Finally, Beck Bode LLC bought a new stake in MINISO Group during the second quarter worth about $1,236,000. 17.16% of the stock is owned by institutional investors and hedge funds.

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.