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

MINISO Group Holding Limited (NYSE:MNSO) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $26.03.

MNSO has been the topic of several recent analyst reports. Hsbc Global Res upgraded MINISO Group to a “strong-buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised MINISO Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $15.00 to $22.00 in a research report on Tuesday, March 25th. Finally, HSBC assumed coverage on MINISO Group in a research note on Wednesday, February 26th. They set a “buy” rating and a $29.30 target price for the company.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. KEYWISE CAPITAL MANAGEMENT HK Ltd raised its position in shares of MINISO Group by 76.6% during 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 acquiring an additional 3,992,300 shares in the last quarter. HCEP Management Ltd bought a new stake in MINISO Group during the fourth quarter valued at $40,613,000. Serenity Capital Management PTE. LTD. bought a new stake in MINISO Group during the first quarter valued at $8,569,000. Candriam S.C.A. acquired a new stake in shares of MINISO Group during the fourth quarter worth $9,986,000. Finally, BNP Paribas Financial Markets bought a new position in shares of MINISO Group in the 4th quarter worth about $3,780,000. Institutional investors own 17.16% of the company’s stock.

MINISO Group Stock Performance

NYSE:MNSO opened at $20.30 on Monday. The firm’s fifty day simple moving average is $18.11 and its 200 day simple moving average is $20.60. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. MINISO Group has a twelve month low of $12.51 and a twelve month high of $27.71. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 0.80 and a beta of 0.18.

MINISO Group (NYSE:MNSO) last released its quarterly earnings results on Friday, March 21st. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.61 by ($2.25). The company had revenue of $646.49 million during the quarter, compared to analysts’ expectations of $4.82 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. As a group, equities research analysts expect that MINISO Group will post 1.19 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

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

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.