MINISO Group (NYSE:MNSO) Research Coverage Started at JPMorgan Chase & Co.

Equities researchers at JPMorgan Chase & Co. started coverage on shares of MINISO Group (NYSE:MNSO) in a report issued on Tuesday, MarketBeat.com reports. The brokerage set an “overweight” rating and a $30.00 price target on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 35.14% from the stock’s previous close.

MINISO Group Stock Down 1.2 %

Shares of MINISO Group stock opened at $22.20 on Tuesday. MINISO Group has a 52-week low of $14.46 and a 52-week high of $29.92. The company has a 50 day moving average of $20.20 and a 200 day moving average of $21.27. The company has a quick ratio of 1.91, a current ratio of 2.34 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $7.01 billion, a P/E ratio of 21.76, a P/E/G ratio of 0.96 and a beta of 0.27.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $0.29 earnings per share (EPS) for the quarter. MINISO Group had a net margin of 16.28% and a return on equity of 25.43%. The company had revenue of $541.04 million during the quarter. As a group, research analysts forecast that MINISO Group will post 1.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in shares of MINISO Group by 95.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock worth $26,000 after buying an additional 492 shares during the last quarter. Avalon Trust Co purchased a new stake in shares of MINISO Group during the 4th quarter worth approximately $26,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of MINISO Group during the 4th quarter worth approximately $206,000. Handelsinvest Investeringsforvaltning purchased a new stake in shares of MINISO Group during the 4th quarter worth approximately $231,000. Finally, Jump Financial LLC purchased a new stake in shares of MINISO Group during the 4th quarter worth approximately $231,000. 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.