MINISO Group Holding Limited (NYSE:MNSO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

MINISO Group Holding Limited (NYSE:MNSO) has earned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $26.03.

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

MINISO Group Stock Down 4.6 %

Shares of NYSE MNSO opened at $18.62 on Friday. The firm’s 50 day moving average price is $21.39 and its 200 day moving average price is $20.54. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. The firm has a market cap of $5.82 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10. MINISO Group has a 1 year low of $12.51 and a 1 year high of $27.71.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $4.82 billion. As a group, sell-side analysts anticipate that MINISO Group will post 1.19 earnings per share for the current year.

MINISO Group Announces Dividend

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

Institutional Investors Weigh In On MINISO Group

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in MINISO Group by 83.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $39,000 after purchasing an additional 734 shares during the period. Northern Trust Corp lifted its stake in shares of MINISO Group by 3.3% during the fourth quarter. Northern Trust Corp now owns 24,232 shares of the company’s stock worth $579,000 after purchasing an additional 784 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of MINISO Group by 1.6% in the third quarter. Geode Capital Management LLC now owns 66,540 shares of the company’s stock worth $1,167,000 after buying an additional 1,027 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of MINISO Group in the fourth quarter valued at about $31,000. Finally, Barclays PLC purchased a new stake in shares of MINISO Group during the 4th quarter valued at about $36,000. Institutional investors and hedge funds 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.