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

Shares of MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) have been given an average rating of "Moderate Buy" by the eight research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $24.53.

A number of brokerages have issued reports on MNSO. JPMorgan Chase & Co. raised shares of MINISO Group from a "neutral" rating to an "overweight" rating and increased their target price for the company from $15.00 to $22.00 in a report on Tuesday, March 25th. Hsbc Global Res raised shares of MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. HSBC began coverage on shares of MINISO Group in a report on Wednesday, February 26th. They issued a "buy" rating and a $29.30 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $20.00 target price on shares of MINISO Group in a report on Tuesday, May 27th.

Institutional Trading of MINISO Group

Several large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in MINISO Group during the fourth quarter worth approximately $31,000. Barclays PLC acquired a new stake in MINISO Group during the fourth quarter worth approximately $36,000. EverSource Wealth Advisors LLC boosted its position in MINISO Group by 83.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock worth $39,000 after acquiring an additional 734 shares during the last quarter. Brooklyn Investment Group boosted its position in MINISO Group by 579.4% during the first quarter. Brooklyn Investment Group now owns 1,651 shares of the company's stock worth $31,000 after acquiring an additional 1,408 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in MINISO Group during the first quarter worth approximately $74,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Trading Down 0.0%

NYSE MNSO opened at $18.17 on Friday. The stock has a market capitalization of $5.68 billion, a P/E ratio of 16.36, a P/E/G ratio of 0.80 and a beta of 0.15. MINISO Group has a 52-week low of $12.51 and a 52-week high of $27.71. The firm has a 50-day moving average price of $17.78 and a 200 day moving average price of $20.58. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17.

MINISO Group (NYSE:MNSO - Get Free Report) last issued its earnings results on Friday, May 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.04 by ($1.85). MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. The company had revenue of $609.87 million during the quarter, compared to analysts' expectations of $4.35 billion. Equities research analysts expect that MINISO Group will post 1.19 EPS for the current year.

MINISO Group Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th were given a $0.3268 dividend. The ex-dividend date was Tuesday, April 8th. This represents a dividend yield of 1.4%. MINISO Group's dividend payout ratio is presently 56.76%.

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.

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