MINISO Group (NYSE:MNSO) Earns Neutral Rating from JPMorgan Chase & Co.

MINISO Group (NYSE:MNSO)‘s stock had its “neutral” rating restated by stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $15.00 target price on the stock, down from their previous target price of $27.00. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 11.94% from the company’s current price.

MNSO has been the subject of several other reports. Jefferies Financial Group reissued a “hold” rating on shares of MINISO Group in a research report on Monday. Bank of America lowered shares of MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday.

MINISO Group Trading Down 2.3 %

Shares of NYSE:MNSO traded down $0.32 on Tuesday, hitting $13.40. The company had a trading volume of 12,086,673 shares, compared to its average volume of 1,593,108. The firm’s 50-day simple moving average is $16.07 and its two-hundred day simple moving average is $19.44. MINISO Group has a 1 year low of $12.51 and a 1 year high of $28.28. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 0.68 and a beta of 0.17. The company has a quick ratio of 1.93, a current ratio of 2.38 and a debt-to-equity ratio of 0.15.

MINISO Group (NYSE:MNSO) last released its earnings results on Friday, August 30th. The company reported $0.26 EPS for the quarter. The firm had revenue of $555.26 million for the quarter, compared to the consensus estimate of $557.54 million. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. Equities analysts anticipate that MINISO Group will post 1.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MINISO Group

A number of institutional investors have recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund boosted its position in MINISO Group by 5.3% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 379,100 shares of the company’s stock worth $7,229,000 after acquiring an additional 19,000 shares during the period. Cubist Systematic Strategies LLC boosted its stake in MINISO Group by 9.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,249 shares of the company’s stock valued at $215,000 after purchasing an additional 942 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in MINISO Group in the 2nd quarter valued at approximately $26,000. Point72 Asset Management L.P. increased its holdings in MINISO Group by 138.1% during 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 purchasing an additional 645,722 shares in the last quarter. Finally, Sylebra Capital LLC boosted its position in MINISO Group by 96.3% in the 2nd quarter. Sylebra Capital LLC now owns 1,831,002 shares of the company’s stock valued at $34,917,000 after buying an additional 898,373 shares during the last quarter. 17.16% of the stock is currently owned by 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.