MINISO Group (NYSE:MNSO) Receives Hold Rating from Deutsche Bank Aktiengesellschaft

MINISO Group (NYSE:MNSO - Get Free Report)'s stock had its "hold" rating reaffirmed by research analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Tuesday, Marketbeat reports. They currently have a $20.00 target price on the stock. Deutsche Bank Aktiengesellschaft's price target indicates a potential upside of 14.32% from the stock's current price.

Other analysts also recently issued reports about the stock. Hsbc Global Res raised shares of MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. upgraded shares of MINISO Group from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $15.00 to $22.00 in a research report on Tuesday, March 25th. Finally, HSBC started coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They set a "buy" rating and a $29.30 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.53.

MINISO Group Stock Up 1.0%

Shares of NYSE:MNSO traded up $0.18 during midday trading on Tuesday, hitting $17.50. 1,727,671 shares of the company's stock traded hands, compared to its average volume of 1,730,066. 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 company has a market cap of $5.47 billion, a PE ratio of 15.76, a P/E/G ratio of 0.80 and a beta of 0.18. The firm's fifty day moving average price is $17.92 and its two-hundred day moving average price is $20.59. MINISO Group has a twelve month low of $12.51 and a twelve month high of $27.71.

MINISO Group (NYSE:MNSO - Get Free Report) last announced its quarterly earnings data on Friday, May 23rd. The company reported $0.19 earnings per share 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 net margin of 15.18% and a return on equity of 26.07%. On average, equities research analysts anticipate that MINISO Group will post 1.19 EPS for the current fiscal year.

Institutional Trading of MINISO Group

Several institutional investors have recently added to or reduced their stakes in MNSO. KEYWISE CAPITAL MANAGEMENT HK Ltd increased its stake in shares of MINISO Group by 76.6% during the fourth quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 9,201,950 shares of the company's stock valued at $219,835,000 after purchasing an additional 3,992,300 shares in the last quarter. HCEP Management Ltd bought a new stake in shares of MINISO Group during the 4th quarter valued at $40,613,000. Serenity Capital Management PTE. LTD. bought a new stake in shares of MINISO Group during the 1st quarter valued at $8,569,000. Candriam S.C.A. bought a new stake in shares of MINISO Group during the 4th quarter valued at $9,986,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of MINISO Group during the 4th quarter valued at $3,780,000. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

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.