Analysts Set MINISO Group Holding Limited (NYSE:MNSO) Price Target at $23.70

MINISO Group Holding Limited (NYSE:MNSO) has received a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $23.70.

Separately, HSBC initiated coverage on MINISO Group in a research report on Wednesday. They issued a “buy” rating and a $29.30 price target for the company.

Institutional Investors Weigh In On MINISO Group

Several hedge funds and other institutional investors have recently made changes to their positions in MNSO. SBI Securities Co. Ltd. purchased a new stake in shares of MINISO Group during the 4th quarter valued at about $31,000. Barclays PLC purchased a new stake in shares of MINISO Group during the 4th quarter valued at about $36,000. EverSource Wealth Advisors LLC increased its position in shares of MINISO Group by 83.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $39,000 after purchasing an additional 734 shares during the last quarter. FMR LLC increased its position in shares of MINISO Group by 230.2% during the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock valued at $73,000 after purchasing an additional 2,884 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of MINISO Group during the 3rd quarter valued at about $78,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Price Performance

MNSO opened at $20.80 on Wednesday. The stock has a 50-day moving average price of $23.16 and a 200-day moving average price of $19.96. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. The firm has a market cap of $6.50 billion, a PE ratio of 18.73, a P/E/G ratio of 0.80 and a beta of 0.07. MINISO Group has a 1 year low of $12.51 and a 1 year high of $27.71.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings results on Friday, November 29th. The company reported $0.30 earnings per share (EPS) for the quarter. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. Sell-side analysts predict that MINISO Group will post 1.19 earnings per share for the current fiscal year.

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.