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

Shares of MINISO Group Holding Limited (NYSE:MNSO) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $26.03.

Several equities analysts have commented on MNSO shares. HSBC initiated coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price target for the company. JPMorgan Chase & Co. raised shares of MINISO Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $15.00 to $22.00 in a research report on Tuesday, March 25th. Finally, Hsbc Global Res raised MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th.

Hedge Funds Weigh In On MINISO Group

A number of institutional investors have recently modified their holdings of the company. FMR LLC increased its stake in shares of MINISO Group by 230.2% during the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock valued at $73,000 after acquiring an additional 2,884 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of MINISO Group by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 66,540 shares of the company’s stock valued at $1,167,000 after purchasing an additional 1,027 shares during the last quarter. Nordea Investment Management AB boosted its holdings in MINISO Group by 14.9% in the fourth quarter. Nordea Investment Management AB now owns 333,729 shares of the company’s stock valued at $8,020,000 after acquiring an additional 43,151 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of MINISO Group during the 4th quarter worth about $163,000. Finally, Blue Trust Inc. grew its stake in MINISO Group by 66.5% during the fourth quarter. Blue Trust Inc. now owns 8,674 shares of the company’s stock worth $207,000 after buying an additional 3,464 shares during the period. Institutional investors and hedge funds own 17.16% of the company’s stock.

MINISO Group Stock Up 1.9 %

Shares of MNSO opened at $15.93 on Thursday. 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 has a 52-week low of $12.51 and a 52-week high of $27.71. The stock has a fifty day simple moving average of $19.00 and a two-hundred day simple moving average of $20.54. The company has a market capitalization of $4.98 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18.

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

MINISO Group Announces Dividend

The firm also recently announced a — dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.3268 per share. This represents a yield of 1.4%. The ex-dividend date is Tuesday, April 8th. MINISO Group’s 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.