MINISO Group Holding Limited (NYSE:MNSO) Given Consensus Recommendation of “Hold” by Analysts

Shares of MINISO Group Holding Limited (NYSE:MNSO) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $20.90.

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 target price (down previously from $27.00) on shares of MINISO Group in a report on Tuesday, September 24th. Jefferies Financial Group reissued a “hold” rating on shares of MINISO Group in a research report on Monday, September 23rd. Citigroup began coverage on shares of MINISO Group in a research report on Friday, October 4th. They issued a “buy” rating and a $26.80 target price for the company. Bank of America lowered shares of MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday, September 23rd. Finally, Dbs Bank raised shares of MINISO Group to a “strong-buy” rating in a research note on Tuesday, September 24th.

MINISO Group Trading Up 0.4 %

Shares of MINISO Group stock opened at $19.73 on Tuesday. The company has a quick ratio of 1.93, a current ratio of 2.38 and a debt-to-equity ratio of 0.15. The company’s 50-day simple moving average is $17.15 and its 200-day simple moving average is $18.91. MINISO Group has a 52-week low of $12.51 and a 52-week high of $28.16. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 0.81 and a beta of 0.15.

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

MINISO Group Announces Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were given a $0.274 dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 13th. MINISO Group’s dividend payout ratio is 49.07%.

Institutional Trading of MINISO Group

Large investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in MINISO Group during the 2nd quarter worth approximately $26,000. Blue Trust Inc. grew its stake in shares of MINISO Group by 3,098.4% in the second 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 in the last quarter. Venturi Wealth Management LLC bought a new position in shares of MINISO Group in the third quarter valued at $78,000. Headlands Technologies LLC bought a new position in MINISO Group during the first quarter worth $93,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of MINISO Group in the second quarter valued at about $118,000. 17.16% of the stock is owned by institutional investors.

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.