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

Key Points

• MINISO Group Holding Limited has received a consensus recommendation of "Moderate Buy" from analysts, with an average 12-month target price set at approximately $24.38.
• Recent upgrades from analysts include Jefferies Financial Group, which raised its price target from $18.50 to $26.20, and Bank of America, which upgraded the stock from "underperform" to "neutral".
• The company reported disappointing earnings with an EPS of $0.22, significantly missing the consensus estimate, alongside a revenue of $692.93 million compared to expectations of $4.85 billion.

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $24.3750.

MNSO has been the topic of several research reports. Jefferies Financial Group upgraded shares of MINISO Group from a "hold" rating to a "buy" rating and boosted their price target for the stock from $18.50 to $26.20 in a research report on Friday, August 22nd. Dbs Bank upgraded shares of MINISO Group to a "moderate buy" rating in a research report on Friday, August 22nd. Bank of America upgraded shares of MINISO Group from an "underperform" rating to a "neutral" rating in a research report on Thursday, August 21st. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of MINISO Group in a research report on Wednesday.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Infini Capital Management Ltd bought a new position in MINISO Group during the first quarter valued at $289,000. OLD Mission Capital LLC bought a new position in MINISO Group during the first quarter valued at $952,000. Mackenzie Financial Corp increased its position in MINISO Group by 8.0% during the first quarter. Mackenzie Financial Corp now owns 192,620 shares of the company's stock valued at $3,562,000 after acquiring an additional 14,278 shares during the last quarter. AI Squared Management Ltd increased its position in MINISO Group by 63.4% during the first quarter. AI Squared Management Ltd now owns 103,945 shares of the company's stock valued at $1,922,000 after acquiring an additional 40,328 shares during the last quarter. Finally, Serenity Capital Management PTE. LTD. bought a new position in MINISO Group during the first quarter valued at $8,569,000. Institutional investors own 17.16% of the company's stock.

MINISO Group Price Performance

MNSO stock opened at $21.70 on Thursday. MINISO Group has a one year low of $13.94 and a one year high of $27.71. The company's fifty day moving average price is $22.78 and its 200-day moving average price is $19.64. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.50 and a current ratio of 1.92. The company has a market capitalization of $6.74 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.36 and a beta of 0.16.

MINISO Group (NYSE:MNSO - Get Free Report) last released its earnings results on Thursday, August 21st. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $1.74 by ($1.52). MINISO Group had a return on equity of 22.60% and a net margin of 12.63%.The company had revenue of $692.93 million during the quarter, compared to analysts' expectations of $4.85 billion. On average, equities analysts anticipate that MINISO Group will post 1.19 EPS for the current fiscal year.

MINISO Group Cuts Dividend

The company also recently disclosed a -- dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were given a dividend of $0.2896 per share. The ex-dividend date was Friday, September 5th. This represents a yield of 236.0%. MINISO Group's payout ratio is 52.34%.

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.

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