MINISO Group Holding Limited (NYSE:MNSO) Receives $26.03 Average Price Target from Analysts

Shares of MINISO Group Holding Limited (NYSE:MNSO) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $26.03.

A number of brokerages recently issued reports on MNSO. JPMorgan Chase & Co. upgraded shares of MINISO Group from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $15.00 to $22.00 in a research note on Tuesday, March 25th. HSBC began coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They set a “buy” rating and a $29.30 price target for the company. Finally, Hsbc Global Res raised MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th.

MINISO Group Trading Up 0.1 %

NYSE:MNSO opened at $15.62 on Thursday. The firm has a market capitalization of $4.89 billion, a P/E ratio of 14.07, a P/E/G ratio of 0.80 and a beta of 0.18. MINISO Group has a 52 week low of $12.51 and a 52 week high of $27.71. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $19.13 and a 200 day moving average of $20.56.

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

MINISO Group Announces Dividend

The company also recently declared a — dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th will be issued a dividend of $0.3268 per share. The ex-dividend date is Tuesday, April 8th. This represents a yield of 1.4%. MINISO Group’s payout ratio is 53.39%.

Hedge Funds Weigh In On MINISO Group

Several hedge funds have recently bought and sold shares of MNSO. SBI Securities Co. Ltd. bought a new position in MINISO Group in the fourth quarter worth approximately $31,000. Barclays PLC purchased a new position in shares of MINISO Group during the fourth quarter valued at $36,000. EverSource Wealth Advisors LLC raised its holdings in shares of 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 in the last quarter. FMR LLC lifted its stake in MINISO Group by 230.2% in 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 during the period. Finally, SG Americas Securities LLC bought a new position in MINISO Group during the 4th quarter worth about $163,000. Institutional investors own 17.16% of the company’s stock.

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.