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

Shares of MINISO Group Holding Limited (NYSE:MNSO) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $26.03.

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

Hedge Funds Weigh In On MINISO Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in shares of MINISO Group in the fourth quarter valued at about $31,000. Barclays PLC bought a new stake in MINISO Group in the fourth quarter valued at about $36,000. EverSource Wealth Advisors LLC grew its stake in shares of MINISO Group by 83.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $39,000 after purchasing an additional 734 shares during the period. FMR LLC boosted its stake in MINISO Group by 230.2% in the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock valued at $73,000 after buying an additional 2,884 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in MINISO Group during the fourth quarter worth $163,000. Institutional investors own 17.16% of the company’s stock.

MINISO Group Stock Performance

Shares of NYSE MNSO opened at $15.60 on Thursday. MINISO Group has a one year low of $12.51 and a one year high of $27.71. The business’s 50-day moving average price is $19.41 and its two-hundred day moving average price is $20.59. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. The company has a market capitalization of $4.88 billion, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18.

MINISO Group (NYSE:MNSO) last released 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). The firm had revenue of $646.49 million during the quarter, compared to analyst estimates of $4.82 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. Analysts anticipate that MINISO Group will post 1.19 earnings per share for the current fiscal 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 $0.3268 dividend. This represents a yield of 1.4%. The ex-dividend date is Tuesday, April 8th. MINISO Group’s dividend payout ratio is currently 53.39%.

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.