Analysts Set MINISO Group Holding Limited (NYSE:MNSO) PT at $20.90

MINISO Group Holding Limited (NYSE:MNSO) has earned an average rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $20.90.

A number of research analysts have issued reports on MNSO shares. Dbs Bank upgraded MINISO Group to a “strong-buy” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 price objective (down previously from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Bank of America cut MINISO Group from a “buy” rating to an “underperform” rating in a research note on Monday, September 23rd. Jefferies Financial Group reaffirmed a “hold” rating on shares of MINISO Group in a report on Monday, September 23rd. Finally, Citigroup initiated coverage on MINISO Group in a research note on Friday, October 4th. They set a “buy” rating and a $26.80 price target on the stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MNSO. Point72 Asia Singapore Pte. Ltd. bought a new position in MINISO Group during the second quarter worth about $26,000. Blue Trust Inc. increased its holdings in shares of MINISO Group by 3,098.4% in the second quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock worth $40,000 after buying an additional 1,890 shares during the period. FMR LLC lifted its stake in shares of MINISO Group by 230.2% in the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock valued at $73,000 after acquiring an additional 2,884 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in MINISO Group in the 3rd quarter worth approximately $78,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of MINISO Group during the second quarter valued at approximately $118,000. Institutional investors own 17.16% of the company’s stock.

MINISO Group Stock Performance

Shares of MNSO stock opened at $16.89 on Friday. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 0.69 and a beta of 0.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.38. MINISO Group has a 52 week low of $12.51 and a 52 week high of $26.54. The company has a 50-day simple moving average of $17.68 and a 200 day simple moving average of $18.37.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings data on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. The firm had revenue of $555.26 million during the quarter, compared to the consensus estimate of $557.54 million. On average, sell-side analysts predict that MINISO Group will post 1.23 earnings per share for the current year.

MINISO Group Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were paid a $0.274 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 1.6%. MINISO Group’s dividend payout ratio is presently 49.07%.

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.