MINISO Group (NYSE:MNSO) Earns Buy Rating from Analysts at HSBC

HSBC initiated coverage on shares of MINISO Group (NYSE:MNSO) in a research report sent to investors on Wednesday morning, MarketBeat reports. The brokerage issued a buy rating and a $29.30 price target on the stock.

MINISO Group Stock Up 0.8 %

MNSO stock opened at $20.80 on Wednesday. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. MINISO Group has a 1 year low of $12.51 and a 1 year high of $27.71. The company has a fifty day simple moving average of $23.16 and a 200 day simple moving average of $19.96. The firm has a market cap of $6.50 billion, a PE ratio of 18.73, a PEG ratio of 0.80 and a beta of 0.07.

MINISO Group (NYSE:MNSO) last released its quarterly earnings data on Friday, November 29th. The company reported $0.30 earnings per share (EPS) for the quarter. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. Sell-side analysts anticipate that MINISO Group will post 1.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in MINISO Group in the 4th quarter worth $31,000. Barclays PLC bought a new position in MINISO Group in the 4th quarter worth $36,000. EverSource Wealth Advisors LLC raised its holdings in MINISO Group by 83.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $39,000 after acquiring an additional 734 shares during the period. FMR LLC raised its holdings in MINISO Group by 230.2% in the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock worth $73,000 after acquiring an additional 2,884 shares during the period. Finally, Venturi Wealth Management LLC bought a new position in MINISO Group in the 3rd quarter worth $78,000. 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.