MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Receives $24.38 Consensus Price Target from Brokerages

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $24.3750.

A number of analysts recently weighed in on MNSO shares. Jefferies Financial Group upgraded shares of MINISO Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $18.50 to $26.20 in a report on Friday, August 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of MINISO Group in a report on Wednesday, October 8th. Bank of America upgraded shares of MINISO Group from an “underperform” rating to a “neutral” rating in a report on Thursday, August 21st. Finally, Dbs Bank upgraded shares of MINISO Group to a “moderate buy” rating in a report on Friday, August 22nd.

Hedge Funds Weigh In On MINISO Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Infini Capital Management Ltd acquired a new position in MINISO Group in the 1st quarter worth approximately $289,000. OLD Mission Capital LLC acquired a new position in MINISO Group in the 1st quarter worth approximately $952,000. Mackenzie Financial Corp boosted its stake in MINISO Group by 8.0% in the 1st quarter. Mackenzie Financial Corp now owns 192,620 shares of the company’s stock worth $3,562,000 after purchasing an additional 14,278 shares during the period. AI Squared Management Ltd boosted its stake in MINISO Group by 63.4% in the 1st quarter. AI Squared Management Ltd now owns 103,945 shares of the company’s stock worth $1,922,000 after purchasing an additional 40,328 shares during the period. Finally, Serenity Capital Management PTE. LTD. acquired a new position in MINISO Group in the 1st quarter worth approximately $8,569,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

MINISO Group Price Performance

NYSE MNSO opened at $22.80 on Thursday. MINISO Group has a 12 month low of $13.94 and a 12 month high of $27.71. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.92 and a quick ratio of 1.50. The firm has a market capitalization of $7.08 billion, a PE ratio of 21.30, a P/E/G ratio of 1.42 and a beta of 0.16. The company’s 50 day simple moving average is $23.07 and its 200 day simple moving average is $19.76.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings data on Thursday, August 21st. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($1.52). MINISO Group had a net margin of 12.63% and a return on equity of 22.60%. The company had revenue of $692.93 million for the quarter, compared to analyst estimates of $4.85 billion. As a group, equities research analysts forecast that MINISO Group will post 1.19 EPS for the current fiscal year.

MINISO Group Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were paid a $0.2896 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a yield of 236.0%. MINISO Group’s dividend payout ratio (DPR) is currently 52.34%.

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.