MINISO Group (NYSE:MNSO) Receives Buy (B-) Rating from Weiss Ratings

Key Points

• MINISO Group has received a reissued "buy (B-)" rating from Weiss Ratings, indicating positive perceptions of the company's stock.
• Analysts have upgraded MINISO Group's stock ratings, with Jefferies increasing the price target from $18.50 to $26.20.
• Despite the upgrades, MINISO reported disappointing earnings with an EPS of $0.22, significantly missing expectations of $1.74.

MINISO Group (NYSE:MNSO - Get Free Report)'s stock had its "buy (b-)" rating reissued by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts also recently commented on the company. Dbs Bank upgraded MINISO Group to a "moderate buy" rating in a report on Friday, August 22nd. Jefferies Financial Group upgraded MINISO Group from a "hold" rating to a "buy" rating and boosted their price target for the company from $18.50 to $26.20 in a research note on Friday, August 22nd. Finally, Bank of America upgraded MINISO Group from an "underperform" rating to a "neutral" rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, MINISO Group has an average rating of "Moderate Buy" and a consensus price target of $24.38.

MINISO Group Price Performance

NYSE MNSO opened at $21.70 on Wednesday. MINISO Group has a one year low of $13.94 and a one year high of $27.71. The stock has a 50-day moving average of $22.78 and a 200 day moving average of $19.64. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.36 and a beta of 0.16. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.50 and a current ratio of 1.92.

MINISO Group (NYSE:MNSO - Get Free Report) last released its quarterly earnings data 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 business had revenue of $692.93 million during the quarter, compared to the consensus estimate of $4.85 billion. On average, sell-side analysts forecast that MINISO Group will post 1.19 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Brooklyn Investment Group grew its stake 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 valued at $31,000 after acquiring an additional 1,408 shares during the period. PNC Financial Services Group Inc. boosted its stake in MINISO Group by 141.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,933 shares of the company's stock worth $35,000 after purchasing an additional 1,131 shares during the period. Hantz Financial Services Inc. boosted its stake in MINISO Group by 3,465.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,139 shares of the company's stock worth $39,000 after purchasing an additional 2,079 shares during the period. EverSource Wealth Advisors LLC boosted its stake in MINISO Group by 37.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company's stock worth $41,000 after purchasing an additional 608 shares during the period. Finally, GFG Capital LLC bought a new position in MINISO Group in the 2nd quarter worth approximately $58,000. 17.16% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.