MINISO Group Holding Limited (NYSE:MNSO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of MINISO Group Holding Limited (NYSE:MNSO) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $23.70.

A number of analysts recently weighed in on the company. Hsbc Global Res upgraded MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th. HSBC started coverage on MINISO Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price target for the company.

MINISO Group Price Performance

MINISO Group stock opened at $18.90 on Friday. The company has a market capitalization of $5.91 billion, a PE ratio of 17.03, a P/E/G ratio of 0.80 and a beta of 0.10. 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 stock has a 50-day moving average price of $21.83 and a two-hundred day moving average price of $20.46. MINISO Group has a 12 month low of $12.51 and a 12 month high of $27.71.

MINISO Group (NYSE:MNSO) last posted its earnings results on Friday, March 21st. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $2.61 by ($2.25). MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. The business had revenue of $646.49 million for the quarter, compared to analyst estimates of $4.82 billion. Analysts expect that MINISO Group will post 1.19 EPS for the current year.

MINISO Group Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th will be paid a $0.3268 dividend. The ex-dividend date is Tuesday, April 8th. MINISO Group’s dividend payout ratio is 46.85%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB increased its stake in MINISO Group by 14.9% during the 4th quarter. Nordea Investment Management AB now owns 333,729 shares of the company’s stock valued at $8,020,000 after purchasing an additional 43,151 shares in the last quarter. Erste Asset Management GmbH bought a new stake in shares of MINISO Group during the third quarter worth about $685,000. Candriam S.C.A. acquired a new stake in shares of MINISO Group in the 4th quarter worth about $9,986,000. Citigroup Inc. lifted its position in MINISO Group by 553.7% in the 3rd quarter. Citigroup Inc. now owns 390,286 shares of the company’s stock valued at $6,846,000 after acquiring an additional 330,579 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in MINISO Group during the 4th quarter valued at about $163,000. 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.