MINISO Group (NYSE:MNSO) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of MINISO Group (NYSE:MNSO) in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. The firm issued an overweight rating and a $30.00 price objective on the stock.

MINISO Group Trading Down 0.7 %

MINISO Group stock opened at $24.02 on Tuesday. The stock has a market cap of $7.59 billion, a P/E ratio of 23.51, a PEG ratio of 0.92 and a beta of 0.23. MINISO Group has a fifty-two week low of $14.46 and a fifty-two week high of $29.92. The firm’s fifty day moving average price is $20.37 and its 200-day moving average price is $21.30. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.91 and a current ratio of 2.34.

MINISO Group (NYSE:MNSO) last announced its earnings results on Tuesday, March 12th. The company reported $0.29 earnings per share for the quarter. The business had revenue of $541.04 million for the quarter. MINISO Group had a return on equity of 25.43% and a net margin of 16.28%. Equities research analysts forecast that MINISO Group will post 1.24 earnings per share for the current fiscal year.

MINISO Group Announces Dividend

The business also recently declared a None dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a $0.29 dividend. The ex-dividend date was Wednesday, March 27th. This represents a yield of 2%. MINISO Group’s dividend payout ratio is presently 38.24%.

Institutional Trading of MINISO Group

Several institutional investors and hedge funds have recently made changes to their positions in MNSO. Acadian Asset Management LLC increased its stake in MINISO Group by 8.1% in the third quarter. Acadian Asset Management LLC now owns 3,532,627 shares of the company’s stock valued at $91,456,000 after acquiring an additional 265,483 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of MINISO Group by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,490,090 shares of the company’s stock valued at $90,393,000 after buying an additional 49,492 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd raised its holdings in shares of MINISO Group by 45.1% during the 3rd quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 3,224,200 shares of the company’s stock valued at $83,507,000 after buying an additional 1,002,600 shares in the last quarter. Axiom Investors LLC DE lifted its position in MINISO Group by 111.7% in the 4th quarter. Axiom Investors LLC DE now owns 1,646,199 shares of the company’s stock worth $33,582,000 after buying an additional 868,599 shares during the last quarter. Finally, Norges Bank purchased a new stake in MINISO Group in the fourth quarter worth approximately $31,510,000. Hedge funds and other institutional investors 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.