Brokerages Set MINISO Group Holding Limited (NYSE:MNSO) Target Price at $20.90

MINISO Group Holding Limited (NYSE:MNSO) has received a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $20.90.

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $15.00 target price (down from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Citigroup started coverage on shares of MINISO Group in a research report on Friday, October 4th. They issued a “buy” rating and a $26.80 price objective for the company. Dbs Bank raised MINISO Group to a “strong-buy” rating in a report 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. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of MINISO Group in a research note on Monday, September 23rd.

Institutional Trading of MINISO Group

Institutional investors and hedge funds have recently made changes to their positions in the business. M&G PLC grew its stake in shares of MINISO Group by 217.5% during the third quarter. M&G PLC now owns 3,611,656 shares of the company’s stock worth $65,010,000 after purchasing an additional 2,474,207 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in MINISO Group by 3.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 19,573 shares of the company’s stock worth $378,000 after buying an additional 690 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of MINISO Group during the 3rd quarter worth about $923,000. Blue Trust Inc. increased its stake in shares of MINISO Group by 167.0% in the 3rd quarter. Blue Trust Inc. now owns 5,210 shares of the company’s stock valued at $99,000 after acquiring an additional 3,259 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of MINISO Group by 5.3% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 379,100 shares of the company’s stock valued at $7,229,000 after acquiring an additional 19,000 shares during the period. Institutional investors own 17.16% of the company’s stock.

MINISO Group Stock Down 1.2 %

Shares of MNSO opened at $19.92 on Tuesday. The business’s 50 day simple moving average is $17.00 and its 200-day simple moving average is $18.94. MINISO Group has a one year low of $12.51 and a one year high of $28.16. The company has a market capitalization of $6.29 billion, a P/E ratio of 18.44, a PEG ratio of 0.72 and a beta of 0.18. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93.

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

MINISO Group Announces Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were paid a $0.274 dividend. The ex-dividend date was Friday, September 13th. This represents a yield of 1.6%. MINISO Group’s payout ratio is presently 48.15%.

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.