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

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and two have 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 $24.53.

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

MINISO Group Stock Performance

Shares of NYSE:MNSO traded up $0.42 on Friday, hitting $18.42. 916,443 shares of the company were exchanged, compared to its average volume of 1,724,608. The company's 50 day moving average price is $17.76 and its two-hundred day moving average price is $20.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 0.80 and a beta of 0.15. MINISO Group has a one year low of $12.51 and a one year high of $27.71.

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

MINISO Group Announces Dividend

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

Institutional Investors Weigh In On MINISO Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new stake in shares of MINISO Group in the 4th quarter valued at about $31,000. Barclays PLC bought a new position in MINISO Group during the 4th quarter worth $36,000. EverSource Wealth Advisors LLC raised its stake in MINISO Group by 83.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock valued at $39,000 after purchasing an additional 734 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of MINISO Group by 579.4% during the 1st 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 period. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of MINISO Group in the 1st quarter valued at $74,000. Institutional investors own 17.16% of the company's stock.

About MINISO Group

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.