MINISO Group (NYSE:MNSO) Cut to “Hold” at Wall Street Zen

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

Several other research analysts have also recently commented on the stock. Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings cut MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. reduced their price target on MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, MINISO Group presently has an average rating of “Hold” and an average target price of $15.27.

MINISO Group Trading Down 9.9%

MNSO stock opened at $9.31 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.14 and a current ratio of 1.53. The company’s 50-day simple moving average is $11.86 and its 200 day simple moving average is $14.25. MINISO Group has a 52 week low of $9.21 and a 52 week high of $25.92. The company has a market capitalization of $2.88 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.28 and a beta of 0.11.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.26 earnings per share for the quarter. The business had revenue of $855.25 million during the quarter. MINISO Group had a net margin of 5.32% and a return on equity of 19.40%. As a group, sell-side analysts anticipate that MINISO Group will post 1.12 earnings per share for the current year.

Hedge Funds Weigh In On MINISO Group

Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of MINISO Group in the 3rd quarter valued at approximately $25,000. Parallel Advisors LLC boosted its position in shares of MINISO Group by 794.7% during the 1st quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock worth $36,000 after acquiring an additional 1,947 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in MINISO Group by 37.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock valued at $41,000 after acquiring an additional 608 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in MINISO Group by 28.3% in the third quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock valued at $56,000 after acquiring an additional 547 shares during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in MINISO Group during the fourth quarter valued at approximately $126,000. 17.16% of the stock is owned by institutional investors.

Trending Headlines about MINISO Group

Here are the key news stories impacting MINISO Group this week:

• Positive Sentiment: Several Wall Street analysts see potential upside at current levels. Citigroup reaffirmed a “Neutral” rating with an $11.30 price target, while HSBC maintained a “Hold” rating and set a $10.80 target—both above the current trading level. Benzinga analyst coverage TickerReport analyst coverage
• Neutral Sentiment: A Zacks review says Wall Street sentiment toward MINISO remains relatively optimistic and examines whether analyst recommendations should influence an investment decision. However, the available rating updates are “Neutral” and “Hold,” rather than outright Buy recommendations. Zacks analyst sentiment analysis
• Negative Sentiment: Wall Street Zen downgraded MINISO to “Hold,” adding to the cautious tone surrounding the shares. Wall Street Zen downgrade
• Negative Sentiment: MINISO’s first-half results showed stronger sales in China and overall revenue and profit growth, but investors focused on pressure to profit margins and higher expenses. The earnings reaction pushed the shares lower and contributed to a new 52-week low, signaling concern about the quality and sustainability of earnings growth. Forbes earnings report MINISO 52-week low report

About MINISO Group

MINISO Group (NYSE: MNSO) is a global retailer specializing in lifestyle and consumer goods. Since its founding in 2013, the company has focused on offering affordable, design-driven products across a broad range of categories. MINISO’s stores feature a clean, minimalist layout and emphasize a “fast fashion” inventory model designed to turn over goods quickly and respond to emerging trends.

The company’s product mix spans household items, kitchenware, cosmetics and personal care, stationery, toys, digital accessories, apparel and seasonal items.