MINISO Group Holding Limited (NYSE:MNSO) Receives Consensus Rating of "Moderate Buy" from Brokerages

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $26.03.

A number of research analysts have recently commented on the stock. Hsbc Global Res raised shares of MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. HSBC assumed coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price objective for the company. Finally, JPMorgan Chase & Co. raised shares of MINISO Group from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $15.00 to $22.00 in a research note on Tuesday, March 25th.

Hedge Funds Weigh In On MINISO Group

Hedge funds have recently modified their holdings of the business. QRG Capital Management Inc. acquired a new position in shares of MINISO Group in the first quarter worth approximately $216,000. Vise Technologies Inc. bought a new position in MINISO Group during the 4th quarter worth approximately $366,000. Vident Advisory LLC lifted its position in shares of MINISO Group by 34.4% in the 4th quarter. Vident Advisory LLC now owns 21,559 shares of the company's stock worth $515,000 after purchasing an additional 5,523 shares during the period. Two Sigma Advisers LP bought a new stake in shares of MINISO Group in the 4th quarter valued at $237,000. Finally, Two Sigma Investments LP acquired a new stake in shares of MINISO Group during the fourth quarter worth $1,514,000. Institutional investors and hedge funds own 17.16% of the company's stock.

MINISO Group Price Performance

MNSO traded up $0.61 on Thursday, hitting $16.59. 761,104 shares of the stock were exchanged, compared to its average volume of 1,735,810. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 0.80 and a beta of 0.18. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. MINISO Group has a 12 month low of $12.51 and a 12 month high of $27.71. The business has a 50-day moving average of $18.88 and a two-hundred day moving average of $20.51.

MINISO Group (NYSE:MNSO - Get Free Report) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $2.61 by ($2.25). The business had revenue of $646.49 million for the quarter, compared to analyst estimates of $4.82 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. Sell-side analysts forecast that MINISO Group will post 1.19 EPS for the current fiscal year.

MINISO Group Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.3268 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, April 8th. MINISO Group's payout ratio is 53.39%.

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.