Brokerages Set MINISO Group Holding Limited (NYSE:MNSO) Target Price at $23.70

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $26.03.

Several brokerages have recently issued reports on MNSO. JPMorgan Chase & Co. raised MINISO Group from a "neutral" rating to an "overweight" rating and raised their price target for the company from $15.00 to $22.00 in a research report on Tuesday. Hsbc Global Res upgraded MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. Finally, HSBC assumed coverage on MINISO Group in a report on Wednesday, February 26th. They set a "buy" rating and a $29.30 price target for the company.

Institutional Investors Weigh In On MINISO Group

Large investors have recently bought and sold shares of the company. KEYWISE CAPITAL MANAGEMENT HK Ltd grew its holdings in shares of MINISO Group by 76.6% during the fourth quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 9,201,950 shares of the company's stock worth $219,835,000 after purchasing an additional 3,992,300 shares during the last quarter. HCEP Management Ltd bought a new position in shares of MINISO Group during the 4th quarter worth approximately $40,613,000. MY.Alpha Management HK Advisors Ltd grew its holdings in MINISO Group by 37.5% in the fourth quarter. MY.Alpha Management HK Advisors Ltd now owns 554,964 shares of the company's stock worth $13,258,000 after purchasing an additional 151,364 shares during the period. Candriam S.C.A. bought a new stake in MINISO Group in the 4th quarter valued at about $9,986,000. Finally, Citigroup Inc. increased its holdings in shares of MINISO Group by 553.7% during the third quarter. Citigroup Inc. now owns 390,286 shares of the company's stock valued at $6,846,000 after acquiring an additional 330,579 shares in the last quarter. 17.16% of the stock is currently owned by institutional investors and hedge funds.

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MINISO Group Price Performance

NYSE:MNSO traded up $0.50 during mid-day trading on Friday, reaching $18.74. 1,691,069 shares of the stock were exchanged, compared to its average volume of 1,616,658. MINISO Group has a 1-year low of $12.51 and a 1-year high of $27.71. The firm has a market capitalization of $5.85 billion, a PE ratio of 16.88, a PEG ratio of 0.80 and a beta of 0.10. The business has a fifty day moving average price of $21.64 and a 200 day moving average price of $20.52. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17.

MINISO Group (NYSE:MNSO - Get Free Report) last issued its quarterly earnings results on Friday, March 21st. The company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $2.61 by ($2.25). MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. The company had revenue of $646.49 million during the quarter, compared to analysts' expectations of $4.82 billion. Research analysts expect that MINISO Group will post 1.19 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The company also recently declared a -- dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th will be issued a dividend of $0.3268 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a yield of 1.4%. MINISO Group's payout ratio is currently 55.08%.

MINISO Group Company Profile

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.