MINISO Group (NYSE:MNSO) Downgraded to Hold Rating by Nomura

Key Points

• Nomura downgraded MINISO Group to “Hold” from “Strong Buy,” adding to a more cautious analyst outlook. Citigroup and Wall Street Zen also lowered their ratings, while HSBC maintained “Hold.”
• MarketBeat’s analyst consensus is now “Hold,” with two Buy, four Hold and one Sell rating; the consensus price target is $15.27, above the stock’s $9.31 opening price.
• MINISO shares have fallen 9.9% and are near their one-year low, despite reporting quarterly EPS of $0.26 and revenue of $855.25 million. Investors remain concerned about margin pressure and rising expenses, while institutional investors own 17.16% of the stock.

MINISO Group (NYSE:MNSO - Get Free Report) was downgraded by equities research analysts at Nomura from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Monday, Zacks reports.

Several other equities research analysts also recently issued reports on MNSO. JPMorgan Chase & Co. decreased their price target on MINISO Group from $26.00 to $16.00 and set an "overweight" rating for the company in a report on Friday, May 29th. Citigroup downgraded shares of MINISO Group from a "buy" rating to a "neutral" rating and set a $11.30 target price for the company. in a report on Monday. Weiss Ratings lowered shares of MINISO Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, June 25th. Wall Street Zen cut shares of MINISO Group from a "buy" rating to a "hold" rating in a report on Saturday. Finally, HSBC reaffirmed a "hold" rating and issued a $10.80 price objective on shares of MINISO Group in a research report on Monday. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $15.27.

MINISO Group Stock Down 9.9%

Shares of NYSE MNSO opened at $9.31 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.53 and a quick ratio of 1.14. The company has a 50-day moving average price of $11.86 and a 200-day moving average price of $14.25. The stock has a market capitalization of $2.88 billion, a P/E ratio of 16.05, a P/E/G ratio of 1.28 and a beta of 0.11. MINISO Group has a 1 year low of $9.21 and a 1 year high of $25.92.

MINISO Group (NYSE:MNSO - Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.26 earnings per share for the quarter. The business had revenue of $855.25 million for the quarter. MINISO Group had a net margin of 5.32% and a return on equity of 19.40%. On average, equities research analysts forecast that MINISO Group will post 1.12 EPS for the current fiscal year.

Institutional Investors Weigh In On MINISO Group

Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of MINISO Group in the 3rd quarter worth about $25,000. Parallel Advisors LLC increased its holdings in MINISO Group by 794.7% during the first quarter. Parallel Advisors LLC now owns 2,192 shares of the company's stock worth $36,000 after buying an additional 1,947 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in MINISO Group by 37.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company's stock worth $41,000 after acquiring an additional 608 shares during the period. PNC Financial Services Group Inc. raised its position in MINISO Group by 28.3% in the third quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company's stock worth $56,000 after acquiring an additional 547 shares during the period. Finally, Atlas Capital Advisors Inc. purchased a new position in MINISO Group in the fourth quarter valued at about $126,000. 17.16% of the stock is currently owned by institutional investors.

Key MINISO Group News

Here are the key news stories impacting MINISO Group this week:

• Positive Sentiment: Several Wall Street analysts see potential upside at current levels. Citigroup reaffirmed a “Neutral” rating with an $11.30 price target, while HSBC maintained a “Hold” rating and set a $10.80 target—both above the current trading level. Benzinga analyst coverage TickerReport analyst coverage
• Neutral Sentiment: A Zacks review says Wall Street sentiment toward MINISO remains relatively optimistic and examines whether analyst recommendations should influence an investment decision. However, the available rating updates are “Neutral” and “Hold,” rather than outright Buy recommendations. Zacks analyst sentiment analysis
• Negative Sentiment: Wall Street Zen downgraded MINISO to “Hold,” adding to the cautious tone surrounding the shares. Wall Street Zen downgrade
• Negative Sentiment: MINISO’s first-half results showed stronger sales in China and overall revenue and profit growth, but investors focused on pressure to profit margins and higher expenses. The earnings reaction pushed the shares lower and contributed to a new 52-week low, signaling concern about the quality and sustainability of earnings growth. Forbes earnings report MINISO 52-week low report

About MINISO Group

MINISO Group NYSE: MNSO is a global retailer specializing in lifestyle and consumer goods. Since its founding in 2013, the company has focused on offering affordable, design-driven products across a broad range of categories. MINISO's stores feature a clean, minimalist layout and emphasize a “fast fashion” inventory model designed to turn over goods quickly and respond to emerging trends.

The company's product mix spans household items, kitchenware, cosmetics and personal care, stationery, toys, digital accessories, apparel and seasonal items.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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