MINISO Group (NYSE:MNSO) Raised to Buy at Wall Street Zen

MINISO Group (NYSE:MNSO) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other equities research analysts have also issued reports on MNSO. JPMorgan Chase & Co. reduced their target price on MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of MINISO Group in a report on Friday, March 27th. Finally, Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.73.

MINISO Group Price Performance

Shares of NYSE:MNSO opened at $12.97 on Friday. The business’s 50 day simple moving average is $15.10 and its 200-day simple moving average is $17.79. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 1.19 and a beta of 0.14. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.53 and a quick ratio of 1.23. MINISO Group has a 12 month low of $12.30 and a 12 month high of $26.74.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.18). MINISO Group had a return on equity of 18.98% and a net margin of 9.03%.The firm had revenue of $825.04 million for the quarter, compared to analysts’ expectations of $805.60 million. As a group, equities analysts forecast that MINISO Group will post 1.47 earnings per share for the current fiscal year.

Institutional Trading of MINISO Group

Large investors have recently modified their holdings of the business. Ameriprise Financial Inc. lifted its holdings in MINISO Group by 3.4% in the third quarter. Ameriprise Financial Inc. now owns 15,268 shares of the company’s stock worth $344,000 after acquiring an additional 498 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings 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 worth $56,000 after acquiring an additional 547 shares during the last quarter. American Century Companies Inc. lifted its holdings 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 acquiring an additional 595 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in MINISO Group by 37.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock worth $41,000 after acquiring an additional 608 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in MINISO Group by 1.4% in the fourth quarter. Quadrant Capital Group LLC now owns 42,897 shares of the company’s stock worth $804,000 after acquiring an additional 609 shares during the last quarter. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Company Profile

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.