Analysts Set MINISO Group Holding Limited (NYSE:MNSO) Price Target at $26.03

MINISO Group Holding Limited (NYSE:MNSO) has been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $26.03.

Several research firms have weighed in on MNSO. HSBC started coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They set a “buy” rating and a $29.30 price objective on the stock. Hsbc Global Res raised MINISO Group to a “strong-buy” rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded MINISO Group from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $15.00 to $22.00 in a research report on Tuesday, March 25th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. KEYWISE CAPITAL MANAGEMENT HK Ltd grew its stake in shares of MINISO Group by 76.6% in the 4th quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 9,201,950 shares of the company’s stock valued at $219,835,000 after buying an additional 3,992,300 shares in the last quarter. HCEP Management Ltd acquired a new stake in MINISO Group in the fourth quarter valued at approximately $40,613,000. MY.Alpha Management HK Advisors Ltd grew its position in MINISO Group by 37.5% in the fourth quarter. MY.Alpha Management HK Advisors Ltd now owns 554,964 shares of the company’s stock worth $13,258,000 after acquiring an additional 151,364 shares in the last quarter. Candriam S.C.A. acquired a new position in shares of MINISO Group during the 4th quarter worth $9,986,000. Finally, Nordea Investment Management AB raised its holdings in shares of 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. 17.16% of the stock is owned by institutional investors and hedge funds.

MINISO Group Trading Up 2.0 %

NYSE:MNSO opened at $16.97 on Thursday. The stock has a fifty day simple moving average of $18.76 and a 200 day simple moving average of $20.49. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18. MINISO Group has a 1-year low of $12.51 and a 1-year high of $27.71. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17.

MINISO Group (NYSE:MNSO) last announced 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 firm had revenue of $646.49 million during the quarter, compared to analyst estimates of $4.82 billion. Sell-side analysts forecast that MINISO Group will post 1.19 earnings per share for the current year.

MINISO Group Announces Dividend

The company also recently disclosed a — dividend, which was paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th were issued a dividend of $0.3268 per share. The ex-dividend date was Tuesday, April 8th. This represents a dividend yield of 1.4%. MINISO Group’s dividend payout ratio is 53.39%.

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.