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

MINISO Group (NYSE:MNSO - Get Free Report)'s stock had its "hold" rating reissued by Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They currently have a $20.00 target price on the stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 17.58% from the company's previous close.

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

MINISO Group Price Performance

Shares of NYSE MNSO traded down $0.51 during trading on Tuesday, hitting $17.01. 1,158,229 shares of the company were exchanged, compared to its average volume of 1,726,876. 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 1 year low of $12.51 and a 1 year high of $27.71. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 0.80 and a beta of 0.18. The firm's fifty day moving average price is $17.88 and its 200 day moving average price is $20.57.

MINISO Group (NYSE:MNSO - Get Free Report) last announced its quarterly earnings data on Friday, May 23rd. The company reported $0.19 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $4.35 billion. On average, sell-side analysts expect that MINISO Group will post 1.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MINISO Group

A number of institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in MINISO Group in the 4th quarter worth approximately $31,000. Brooklyn Investment Group grew its position in shares of MINISO Group by 579.4% in the first quarter. Brooklyn Investment Group now owns 1,651 shares of the company's stock valued at $31,000 after purchasing an additional 1,408 shares during the period. Barclays PLC acquired a new position in MINISO Group in the fourth quarter valued at $36,000. EverSource Wealth Advisors LLC increased 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 during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in MINISO Group during the first quarter worth about $74,000. Institutional investors and hedge funds own 17.16% of the company's stock.

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.