MINISO Group Holding Limited (NYSE:MNSO) Receives $23.70 Consensus PT from Brokerages

MINISO Group Holding Limited (NYSE:MNSO) has received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $26.03.

Several equities research analysts have recently weighed in on the stock. HSBC started coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They set a “buy” rating and a $29.30 price objective for the company. JPMorgan Chase & Co. upgraded MINISO Group from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $15.00 to $22.00 in a report on Tuesday. Finally, Hsbc Global Res raised MINISO Group to a “strong-buy” rating in a research note on Wednesday, February 26th.

MINISO Group Trading Down 0.4 %

NYSE MNSO opened at $18.28 on Friday. MINISO Group has a 12 month low of $12.51 and a 12 month high of $27.71. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $5.71 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10. The business’s 50-day moving average price is $21.64 and its two-hundred day moving average price is $20.52.

MINISO Group (NYSE:MNSO) last announced its earnings results on Friday, March 21st. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $2.61 by ($2.25). MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. The company had revenue of $646.49 million during the quarter, compared to the consensus estimate of $4.82 billion. On average, analysts expect that MINISO Group will post 1.19 EPS for the current year.

MINISO Group Dividend Announcement

The business also recently declared a — dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th will be issued a $0.3268 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, April 8th. MINISO Group’s payout ratio is 55.08%.

Hedge Funds Weigh In On MINISO Group

Several institutional investors have recently made changes to their positions in the stock. Vise Technologies Inc. acquired a new position in MINISO Group during the 4th quarter worth approximately $366,000. Vident Advisory LLC increased its holdings in shares of MINISO Group by 34.4% during the fourth quarter. Vident Advisory LLC now owns 21,559 shares of the company’s stock valued at $515,000 after acquiring an additional 5,523 shares in the last quarter. Two Sigma Advisers LP acquired a new position in shares of MINISO Group during the fourth quarter worth approximately $237,000. Two Sigma Investments LP bought a new position in shares of MINISO Group in the 4th quarter worth $1,514,000. Finally, Tairen Capital Ltd grew its position in MINISO Group by 211.7% in the 4th quarter. Tairen Capital Ltd now owns 218,170 shares of the company’s stock valued at $5,212,000 after purchasing an additional 148,170 shares during the period. Institutional investors and hedge funds own 17.16% of the company’s stock.

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.