Brokerages Set MINISO Group Holding Limited (NYSE:MNSO) Price Target at $20.90

Shares of MINISO Group Holding Limited (NYSE:MNSO) have received a consensus rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $20.90.

MNSO has been the topic of a number of research reports. Jefferies Financial Group restated a “hold” rating on shares of MINISO Group in a research report on Monday, September 23rd. Bank of America lowered MINISO Group from a “buy” rating to an “underperform” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $15.00 price target (down from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Citigroup began coverage on MINISO Group in a research note on Friday, October 4th. They issued a “buy” rating and a $26.80 target price for the company. Finally, Dbs Bank raised shares of MINISO Group to a “strong-buy” rating in a research note on Tuesday, September 24th.

MINISO Group Price Performance

MNSO opened at $16.89 on Friday. 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 has a 12-month low of $12.51 and a 12-month high of $26.54. The stock has a fifty day moving average of $17.68 and a 200-day moving average of $18.37. The firm has a market capitalization of $5.31 billion, a P/E ratio of 15.64, a PEG ratio of 0.69 and a beta of 0.15.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings data on Friday, August 30th. The company reported $0.26 earnings per share for the quarter. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. The firm had revenue of $555.26 million for the quarter, compared to analyst estimates of $557.54 million. Equities analysts forecast that MINISO Group will post 1.23 EPS for the current fiscal year.

MINISO Group Dividend Announcement

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were issued a dividend of $0.274 per share. The ex-dividend date was Friday, September 13th. This represents a yield of 1.6%. MINISO Group’s dividend payout ratio (DPR) is currently 49.07%.

Institutional Trading of MINISO Group

A number of institutional investors have recently modified their holdings of MNSO. Geode Capital Management LLC boosted its holdings in MINISO Group by 1.6% during the third quarter. Geode Capital Management LLC now owns 66,540 shares of the company’s stock worth $1,167,000 after purchasing an additional 1,027 shares during the last quarter. ABS Direct Equity Fund LLC boosted its stake in shares of MINISO Group by 5.1% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 92,941 shares of the company’s stock worth $1,630,000 after buying an additional 4,500 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of MINISO Group in the third quarter valued at about $622,000. XTX Topco Ltd raised its holdings in MINISO Group by 96.7% during the third quarter. XTX Topco Ltd now owns 27,259 shares of the company’s stock worth $478,000 after acquiring an additional 13,398 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in MINISO Group during the third quarter valued at approximately $191,000. 17.16% of the stock is currently owned by institutional investors.

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.