MINISO Group (NYSE:MNSO) Rating Reiterated by JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of MINISO Group (NYSE:MNSO) in a research note published on Tuesday, MarketBeat.com reports. They currently have a $15.00 price objective on the stock, down from their prior price objective of $27.00.

Several other research analysts also recently commented on the stock. Bank of America downgraded shares of MINISO Group from a buy rating to an underperform rating in a report on Monday, September 23rd. Jefferies Financial Group reissued a hold rating on shares of MINISO Group in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $15.00.

MINISO Group Stock Up 11.0 %

MINISO Group stock opened at $17.13 on Tuesday. MINISO Group has a 1-year low of $12.51 and a 1-year high of $28.28. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 0.56 and a beta of 0.17. The company has a current ratio of 2.38, a quick ratio of 1.93 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $15.87 and a 200 day simple moving average of $19.34.

MINISO Group (NYSE:MNSO) last released 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 analyst estimates of $557.54 million. On average, analysts predict that MINISO Group will post 1.23 earnings per share for the current year.

MINISO Group Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were issued a dividend of $0.274 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 13th. MINISO Group’s dividend payout ratio is currently 49.06%.

Institutional Trading of MINISO Group

Hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP lifted its holdings in shares of MINISO Group by 96.4% during the 1st quarter. GSA Capital Partners LLP now owns 89,196 shares of the company’s stock worth $1,829,000 after acquiring an additional 43,782 shares during the last quarter. Prudential PLC lifted its holdings in shares of MINISO Group by 884.5% during the 4th quarter. Prudential PLC now owns 217,548 shares of the company’s stock worth $4,438,000 after acquiring an additional 195,451 shares during the last quarter. M&G Plc bought a new stake in shares of MINISO Group during the 1st quarter worth $10,431,000. Point72 Hong Kong Ltd lifted its holdings in shares of MINISO Group by 89.1% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,707,749 shares of the company’s stock worth $32,567,000 after acquiring an additional 804,706 shares during the last quarter. Finally, Seven Eight Capital LP bought a new stake in shares of MINISO Group during the 2nd quarter worth $607,000. 17.16% of the stock is owned by institutional investors.

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.