MINISO Group (NYSE:MNSO) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of MINISO Group (NYSE:MNSO) from a hold rating to a sell rating in a research note published on Saturday morning,Wall Street Zen reports.

Other analysts also recently issued research reports about the company. HSBC reaffirmed a “hold” rating and issued a $10.80 price objective on shares of MINISO Group in a research note on Monday, August 31st. Weiss Ratings lowered shares of MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 25th. Zacks Research upgraded shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. reduced their price target on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Finally, China Intl Cap raised shares of MINISO Group to a “strong-buy” rating in a research note on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, MINISO Group has a consensus rating of “Hold” and an average price target of $15.27.

MINISO Group Trading Up 0.1%

Shares of MNSO stock opened at $9.07 on Friday. MINISO Group has a 12-month low of $9.01 and a 12-month high of $25.55. The company has a current ratio of 1.57, a quick ratio of 1.18 and a debt-to-equity ratio of 0.94. The stock’s 50-day moving average price is $11.46 and its 200-day moving average price is $13.66. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 15.64 and a beta of 0.10.

MINISO Group (NYSE:MNSO) last posted its earnings results on Friday, August 14th. The company reported $0.26 EPS for the quarter. MINISO Group had a return on equity of 19.41% and a net margin of 5.32%.The company had revenue of $855.25 million for the quarter. Equities research analysts predict that MINISO Group will post 1.12 EPS for the current fiscal year.

Institutional Investors Weigh In On MINISO Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in shares of MINISO Group by 66.4% in the 1st quarter. Royal Bank of Canada now owns 26,928 shares of the company’s stock worth $498,000 after purchasing an additional 10,747 shares during the period. Goldman Sachs Group Inc. raised its holdings in MINISO Group by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 315,424 shares of the company’s stock valued at $5,832,000 after buying an additional 5,086 shares during the period. Creative Planning lifted its position in MINISO Group by 45.1% in the second quarter. Creative Planning now owns 16,662 shares of the company’s stock worth $304,000 after buying an additional 5,177 shares during the last quarter. American Century Companies Inc. lifted its position in MINISO Group by 0.4% in the second quarter. American Century Companies Inc. now owns 133,224 shares of the company’s stock worth $2,427,000 after buying an additional 595 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in MINISO Group by 37.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock worth $41,000 after buying an additional 608 shares during the period. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

MINISO Group Company Profile

MINISO Group Holding Limited is a global value retailer that designs, sources and sells a broad range of lifestyle products under the MINISO brand. Its merchandise includes household goods, personal accessories, beauty and personal-care products, electronics, toys, stationery, food and other everyday consumer items. The company emphasizes affordable pricing, frequent product updates and collaborations with well-known intellectual property brands.

MINISO also operates TOP TOY, a brand focused on collectible toys and related products.