MINISO Group’s (MNSO) “Hold” Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of MINISO Group (NYSE:MNSO) in a report published on Monday morning, MarketBeat.com reports.

Several other research analysts also recently issued reports on MNSO. JPMorgan Chase & Co. cut their price objective on MINISO Group from $29.00 to $27.00 and set an overweight rating for the company in a research report on Tuesday, September 3rd. Bank of America cut MINISO Group from a buy rating to an underperform rating in a report on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $15.00.

MINISO Group Trading Up 10.2 %

NYSE:MNSO opened at $15.43 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.38. MINISO Group has a 1 year low of $12.51 and a 1 year high of $28.28. The stock has a fifty day moving average price of $15.87 and a two-hundred day moving average price of $19.35. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 0.56 and a beta of 0.17.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings data on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $555.26 million during the quarter, compared to analysts’ expectations of $557.54 million. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. As a group, sell-side analysts anticipate that MINISO Group will post 1.23 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were given a dividend of $0.274 per share. The ex-dividend date was Friday, September 13th. This represents a yield of 1.6%. MINISO Group’s dividend payout ratio (DPR) is currently 50.00%.

Institutional Investors Weigh In On MINISO Group

Several hedge funds have recently made changes to their positions in MNSO. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of MINISO Group in the second quarter valued at $26,000. Blue Trust Inc. grew its holdings in MINISO Group by 3,098.4% in the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock valued at $40,000 after buying an additional 1,890 shares during the period. Headlands Technologies LLC acquired a new position in shares of MINISO Group during the 1st quarter valued at about $93,000. Banque Cantonale Vaudoise purchased a new position in shares of MINISO Group during the 2nd quarter worth about $118,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of MINISO Group in the first quarter worth approximately $201,000. 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.