MINISO Group (NYSE:MNSO) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded MINISO Group from “sell” to “hold,” while the broader analyst consensus remains “Hold” with a $15.27 price target.
• MINISO shares opened at $8.78, near their 52-week low of $8.55 and well below the 52-week high of $23.55; the stock’s 50-day and 200-day moving averages were $10.83 and $13.02, respectively.
• The company reported quarterly revenue of $855.25 million and EPS of $0.26, with analysts expecting full-year EPS of approximately $1.12. Institutional investors and hedge funds own 17.16% of the stock.

MINISO Group (NYSE:MNSO - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday, Wall Street Zen reports.

Several other equities research analysts have also recently issued reports on the stock. Weiss Ratings restated a "sell (d+)" rating on shares of MINISO Group in a research report on Tuesday. Citigroup lowered shares of MINISO Group from a "buy" rating to a "neutral" rating and set a $11.30 target price on the stock. in a report on Monday, August 31st. JPMorgan Chase & Co. dropped their price target on shares of MINISO Group from $26.00 to $16.00 and set an "overweight" rating for the company in a research note on Friday, May 29th. Nomura lowered shares of MINISO Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 31st. Finally, HSBC reiterated a "hold" rating and issued a $10.80 price objective on shares of MINISO Group in a report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $15.27.

MINISO Group Stock Performance

NYSE MNSO opened at $8.78 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.18 and a current ratio of 1.57. The stock's fifty day moving average is $10.83 and its two-hundred day moving average is $13.02. The firm has a market capitalization of $2.66 billion, a P/E ratio of 15.13 and a beta of 0.10. MINISO Group has a fifty-two week low of $8.55 and a fifty-two week high of $23.55.

MINISO Group (NYSE:MNSO - Get Free Report) last issued its earnings results on Friday, August 14th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a return on equity of 19.41% and a net margin of 5.32%.The business had revenue of $855.25 million during the quarter. On average, research analysts anticipate that MINISO Group will post 1.12 earnings per share for the current year.

Hedge Funds Weigh In On MINISO Group

Several large investors have recently made changes to their positions in MNSO. Allworth Financial LP boosted its position in shares of MINISO Group by 5,641.7% during the 2nd quarter. Allworth Financial LP now owns 2,067 shares of the company's stock worth $25,000 after purchasing an additional 2,031 shares during the period. Parallel Advisors LLC boosted its position in shares of 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 period. PNC Financial Services Group Inc. grew its stake in shares of MINISO Group by 34.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,842 shares of the company's stock valued at $78,000 after buying an additional 1,251 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of MINISO Group by 70.6% in the 4th quarter. Hantz Financial Services Inc. now owns 8,680 shares of the company's stock valued at $163,000 after buying an additional 3,593 shares during the period. Finally, WINTON GROUP Ltd purchased a new stake in shares of MINISO Group in the 2nd quarter valued at $140,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Company Profile

MINISO Group Holding Limited is a global value retailer that designs, sources and sells a broad range of lifestyle products under the MINISO brand. Its merchandise includes household goods, personal accessories, beauty and personal-care products, electronics, toys, stationery, food and other everyday consumer items. The company emphasizes affordable pricing, frequent product updates and collaborations with well-known intellectual property brands.

MINISO also operates TOP TOY, a brand focused on collectible toys and related products.

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