MINISO Group (NYSE:MNSO) Upgraded by JPMorgan Chase & Co. to “Overweight” Rating

JPMorgan Chase & Co. upgraded shares of MINISO Group (NYSE:MNSO) from a neutral rating to an overweight rating in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm currently has $22.00 price objective on the stock, up from their prior price objective of $15.00.

MNSO has been the topic of several other reports. Hsbc Global Res raised shares of MINISO Group to a “strong-buy” rating in a research note on Wednesday, February 26th. HSBC initiated coverage on MINISO Group in a research report on Wednesday, February 26th. They issued a “buy” rating and a $29.30 target price for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.03.

MINISO Group Trading Down 0.4 %

NYSE:MNSO opened at $18.28 on Tuesday. MINISO Group has a 52 week low of $12.51 and a 52 week high of $27.71. The firm’s fifty day moving average is $21.64 and its 200-day moving average is $20.52. The firm has a market cap of $5.71 billion, a P/E ratio of 16.47, a P/E/G ratio of 0.80 and a beta of 0.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14.

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

MINISO Group Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MNSO. SBI Securities Co. Ltd. purchased a new position in MINISO Group during the 4th quarter worth $31,000. Barclays PLC purchased a new stake in MINISO Group in the 4th quarter valued at about $36,000. EverSource Wealth Advisors LLC lifted 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 worth $39,000 after buying an additional 734 shares in the last quarter. FMR LLC boosted its stake in shares of MINISO Group by 230.2% in the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock worth $73,000 after buying an additional 2,884 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of MINISO Group in the fourth quarter valued at approximately $163,000. Hedge funds and other institutional investors 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.