MINISO Group Holding Limited (NYSE:MNSO) Receives $20.90 Consensus Target Price from Brokerages

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

MNSO has been the subject of a number of research reports. Dbs Bank raised shares of MINISO Group to a “strong-buy” rating in a report on Tuesday, September 24th. Jefferies Financial Group restated a “hold” rating on shares of MINISO Group in a research note on Monday, September 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $15.00 target price (down from $27.00) on shares of MINISO Group in a report on Tuesday, September 24th. Citigroup began coverage on MINISO Group in a report on Friday, October 4th. They set a “buy” rating and a $26.80 price target for the company. Finally, Bank of America downgraded MINISO Group from a “buy” rating to an “underperform” rating in a research note on Monday, September 23rd.

MINISO Group Stock Performance

Shares of MNSO opened at $19.65 on Tuesday. MINISO Group has a one year low of $12.51 and a one year high of $28.16. The business has a fifty day moving average of $17.08 and a 200 day moving average of $18.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93. The firm has a market capitalization of $6.21 billion, a P/E ratio of 18.19, a PEG ratio of 0.82 and a beta of 0.15.

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

MINISO Group Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were paid a dividend of $0.274 per share. This represents a dividend yield of 1.6%. The ex-dividend date was Friday, September 13th. MINISO Group’s dividend payout ratio (DPR) is 49.07%.

Institutional Investors Weigh In On MINISO Group

Institutional investors have recently bought and sold shares of the business. XY Capital Ltd bought a new position in MINISO Group in the 3rd quarter worth approximately $5,134,000. M&G PLC lifted its holdings in shares of MINISO Group by 217.5% in the third quarter. M&G PLC now owns 3,611,656 shares of the company’s stock worth $65,010,000 after buying an additional 2,474,207 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position 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 acquiring an additional 690 shares during the last quarter. International Assets Investment Management LLC purchased a new position in MINISO Group during the third quarter valued at $923,000. Finally, Blue Trust Inc. increased its holdings in MINISO Group by 167.0% in the 3rd quarter. Blue Trust Inc. now owns 5,210 shares of the company’s stock valued at $99,000 after acquiring an additional 3,259 shares during the last quarter. Hedge funds and other institutional investors 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.