MINISO Group (NYSE:MNSO) Stock Rating Upgraded by JPMorgan Chase & Co.

MINISO Group (NYSE:MNSO - Get Free Report) was upgraded by stock analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm presently has a $22.00 price objective on the stock, up from their prior price objective of $15.00. JPMorgan Chase & Co.'s price objective points to a potential upside of 18.18% from the company's previous close.

MNSO has been the topic of a number of other research reports. HSBC began coverage on shares of MINISO Group in a report on Wednesday, February 26th. They set a "buy" rating and a $29.30 target price on the stock. Hsbc Global Res upgraded MINISO Group to a "strong-buy" rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $26.03.

MINISO Group Stock Performance

NYSE MNSO traded down $0.91 on Tuesday, hitting $18.62. 1,107,341 shares of the stock traded hands, compared to its average volume of 1,719,532. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 0.80 and a beta of 0.10. The business's fifty day moving average is $21.39 and its two-hundred day moving average is $20.54. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. MINISO Group has a 12 month low of $12.51 and a 12 month high of $27.71.

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MINISO Group (NYSE:MNSO - Get Free Report) last announced its quarterly earnings data on Friday, March 21st. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $2.61 by ($2.25). The firm 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 analysts anticipate that MINISO Group will post 1.19 EPS for the current fiscal year.

Institutional Investors Weigh In On MINISO Group

Several large investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new stake in shares of MINISO Group in the 4th quarter valued at about $31,000. Barclays PLC bought a new position in shares of MINISO Group in the fourth quarter worth approximately $36,000. EverSource Wealth Advisors LLC raised its stake in MINISO Group by 83.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock valued at $39,000 after purchasing an additional 734 shares in the last quarter. FMR LLC lifted its position in MINISO Group by 230.2% during the third quarter. FMR LLC now owns 4,137 shares of the company's stock valued at $73,000 after purchasing an additional 2,884 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in MINISO Group in the 4th quarter worth approximately $163,000. 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.