MINISO Group Holding Limited (NYSE:MNSO) Given Average Recommendation of "Hold" by Brokerages

Shares of MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) have earned an average recommendation of "Hold" from the five analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $20.90.

MNSO has been the subject of a number of recent research reports. Citigroup initiated coverage on MINISO Group in a research report on Friday, October 4th. They set a "buy" rating and a $26.80 price target for the company. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $15.00 price target (down previously from $27.00) on shares of MINISO Group in a research report on Tuesday, September 24th. Bank of America downgraded MINISO Group from a "buy" rating to an "underperform" rating in a research report on Monday, September 23rd. Jefferies Financial Group reaffirmed a "hold" rating on shares of MINISO Group in a research report on Monday, September 23rd. Finally, Dbs Bank upgraded MINISO Group to a "strong-buy" rating in a research note on Tuesday, September 24th.

MINISO Group Stock Performance

Shares of MNSO stock opened at $16.67 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93. The stock has a 50-day moving average of $17.64 and a 200-day moving average of $18.51. MINISO Group has a one year low of $12.51 and a one year high of $26.54. The stock has a market cap of $5.25 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 0.70 and a beta of 0.15.

MINISO Group (NYSE:MNSO - Get Free Report) last issued its quarterly earnings data on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. The business had revenue of $555.26 million during the quarter, compared to analyst estimates of $557.54 million. As a group, sell-side analysts expect that MINISO Group will post 1.23 earnings per share for the current year.

MINISO Group Announces Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were paid a $0.274 dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 13th. MINISO Group's dividend payout ratio (DPR) is presently 49.07%.

Institutional Investors Weigh In On MINISO Group

A number of large investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. bought a new position in MINISO Group during the 2nd quarter worth $26,000. Blue Trust Inc. increased its position in MINISO Group by 3,098.4% during the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company's stock worth $40,000 after buying an additional 1,890 shares during the period. FMR LLC increased its position in MINISO Group by 230.2% during the 3rd quarter. FMR LLC now owns 4,137 shares of the company's stock worth $73,000 after buying an additional 2,884 shares during the period. Venturi Wealth Management LLC bought a new position in MINISO Group during the 3rd quarter worth $78,000. Finally, Banque Cantonale Vaudoise bought a new position in MINISO Group during the 2nd quarter worth $118,000. 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.