MINISO Group (NYSE:MNSO) Stock Bumped Up to Hold by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of MINISO Group (NYSE:MNSO – Free Report) from a sell rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

MNSO has been the subject of several other research reports. Weiss Ratings restated a “sell (d+)” rating on shares of MINISO Group in a research report on Tuesday. China Intl Cap upgraded MINISO Group to a “strong-buy” rating in a research report on Monday, August 31st. Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. HSBC reissued a “hold” rating and set a $10.80 price objective on shares of MINISO Group in a report on Monday, August 31st. Finally, Nomura downgraded shares of MINISO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, MINISO Group has a consensus rating of “Hold” and a consensus price target of $15.27.

Read Our Latest Stock Analysis on MNSO

MINISO Group Stock Down 1.7%

Shares of MNSO opened at $8.78 on Friday. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 15.13 and a beta of 0.10. The company has a quick ratio of 1.18, a current ratio of 1.57 and a debt-to-equity ratio of 0.94. MINISO Group has a 12 month low of $8.55 and a 12 month high of $23.55. The company has a 50-day moving average price of $10.83 and a two-hundred day moving average price of $13.02.

MINISO Group (NYSE:MNSO – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported $0.26 earnings per share for the quarter. MINISO Group had a return on equity of 19.41% and a net margin of 5.32%.The company had revenue of $855.25 million for the quarter. Equities analysts predict that MINISO Group will post 1.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. XY Capital Ltd acquired a new stake in MINISO Group during the 1st quarter valued at $2,841,000. Hsbc Holdings PLC raised its position in MINISO Group by 243.5% in the 1st quarter. Hsbc Holdings PLC now owns 298,482 shares of the company’s stock valued at $4,844,000 after purchasing an additional 211,587 shares during the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in MINISO Group in the fourth quarter worth $243,000. Hantz Financial Services Inc. boosted its stake in MINISO Group by 70.6% in the fourth quarter. Hantz Financial Services Inc. now owns 8,680 shares of the company’s stock worth $163,000 after purchasing an additional 3,593 shares in the last quarter. Finally, Nykredit A S bought a new stake in shares of MINISO Group during the second quarter worth $242,000. 17.16% of the stock is owned by institutional investors and hedge funds.

MINISO Group Company Profile

(Get Free Report)

MINISO Group Holding Limited is a global value retailer that designs, sources and sells a broad range of lifestyle products under the MINISO brand. Its merchandise includes household goods, personal accessories, beauty and personal-care products, electronics, toys, stationery, food and other everyday consumer items. The company emphasizes affordable pricing, frequent product updates and collaborations with well-known intellectual property brands.

MINISO also operates TOP TOY, a brand focused on collectible toys and related products.

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