MINISO Group Holding Limited (NYSE:MNSO) Receives Average Rating of “Moderate Buy” from Analysts

MINISO Group Holding Limited (NYSE:MNSO) has received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $23.70.

Several research firms recently commented on MNSO. HSBC assumed coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price target on the stock. Hsbc Global Res raised shares of MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in MINISO Group during the fourth quarter worth $31,000. Barclays PLC acquired a new stake in MINISO Group in the fourth quarter valued at about $36,000. EverSource Wealth Advisors LLC grew its position 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 acquiring an additional 734 shares during the last quarter. FMR LLC raised its stake in MINISO Group by 230.2% during the third quarter. FMR LLC now owns 4,137 shares of the company’s stock worth $73,000 after acquiring an additional 2,884 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of MINISO Group in the fourth quarter worth about $163,000. 17.16% of the stock is owned by institutional investors.

MINISO Group Trading Down 9.1 %

Shares of MNSO stock opened at $18.90 on Friday. MINISO Group has a 12-month low of $12.51 and a 12-month high of $27.71. The company has a market capitalization of $5.91 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10. The firm has a 50 day moving average price of $21.83 and a two-hundred day moving average price of $20.46. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17.

MINISO Group (NYSE:MNSO) last released its quarterly earnings results on Friday, March 21st. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $2.61 by ($2.25). MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. The firm had revenue of $646.49 million for the quarter, compared to analyst estimates of $4.82 billion. As a group, analysts predict that MINISO Group will post 1.19 earnings per share for the current year.

MINISO Group Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th will be given a $0.3268 dividend. The ex-dividend date is Tuesday, April 8th. MINISO Group’s payout ratio is presently 46.85%.

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.