MINISO Group (NYSE:MNSO) Now Covered by HSBC

Investment analysts at HSBC began coverage on shares of MINISO Group (NYSE:MNSO) in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $29.30 price target on the stock. HSBC’s target price would indicate a potential upside of 41.79% from the stock’s current price.

MINISO Group Price Performance

NYSE:MNSO opened at $20.67 on Wednesday. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $23.33 and a 200 day simple moving average of $19.91. The stock has a market capitalization of $6.46 billion, a PE ratio of 18.62, a P/E/G ratio of 0.80 and a beta of 0.07. MINISO Group has a 1-year low of $12.51 and a 1-year high of $27.71.

MINISO Group (NYSE:MNSO) last issued its earnings results on Friday, November 29th. The company reported $0.30 EPS for the quarter. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. On average, research analysts expect that MINISO Group will post 1.19 EPS for the current fiscal year.

Institutional Trading of MINISO Group

A number of hedge funds have recently modified their holdings of MNSO. DekaBank Deutsche Girozentrale increased its stake in shares of MINISO Group by 3.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 19,573 shares of the company’s stock worth $378,000 after purchasing an additional 690 shares during the period. EverSource Wealth Advisors LLC raised its position 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 buying an additional 734 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of MINISO Group by 3.3% in the 4th quarter. Northern Trust Corp now owns 24,232 shares of the company’s stock valued at $579,000 after purchasing an additional 784 shares in the last quarter. Geode Capital Management LLC grew its position in MINISO Group by 1.6% in the third quarter. Geode Capital Management LLC now owns 66,540 shares of the company’s stock valued at $1,167,000 after acquiring an additional 1,027 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in MINISO Group in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

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.