MINISO Group (NYSE:MNSO) Coverage Initiated by Analysts at Citigroup

Citigroup began coverage on shares of MINISO Group (NYSE:MNSO) in a report issued on Friday, MarketBeat reports. The brokerage issued a buy rating and a $26.80 price objective on the stock.

Several other analysts also recently weighed in on MNSO. JPMorgan Chase & Co. restated a neutral rating and set a $15.00 price objective (down from $27.00) on shares of MINISO Group in a research report on Tuesday, September 24th. Jefferies Financial Group reissued a hold rating on shares of MINISO Group in a report on Monday, September 23rd. Dbs Bank raised shares of MINISO Group to a strong-buy rating in a report on Tuesday, September 24th. Finally, Bank of America downgraded shares of MINISO Group from a buy rating to an underperform rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $20.90.

MINISO Group Price Performance

MNSO stock opened at $20.43 on Friday. The company’s 50-day moving average price is $16.04 and its two-hundred day moving average price is $19.30. MINISO Group has a 12 month low of $12.51 and a 12 month high of $28.28. The company has a quick ratio of 1.93, a current ratio of 2.38 and a debt-to-equity ratio of 0.15. The firm has a market cap of $6.45 billion, a P/E ratio of 19.27, a P/E/G ratio of 0.56 and a beta of 0.18.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. The business had revenue of $555.26 million for the quarter, compared to analysts’ expectations of $557.54 million. On average, analysts anticipate that MINISO Group will post 1.23 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were paid a $0.274 dividend. This represents a dividend yield of 1.6%. The ex-dividend date was Friday, September 13th. MINISO Group’s dividend payout ratio is currently 49.06%.

Hedge Funds Weigh In On MINISO Group

Several large investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of MINISO Group by 5.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 379,100 shares of the company’s stock worth $7,229,000 after purchasing an additional 19,000 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of MINISO Group by 9.1% in the second quarter. Cubist Systematic Strategies LLC now owns 11,249 shares of the company’s stock valued at $215,000 after buying an additional 942 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of MINISO Group in the second quarter valued at about $26,000. Point72 Asset Management L.P. raised its position in shares of MINISO Group by 138.1% during the second quarter. Point72 Asset Management L.P. now owns 1,113,200 shares of the company’s stock worth $21,229,000 after acquiring an additional 645,722 shares during the last quarter. Finally, Sylebra Capital LLC lifted its stake in shares of MINISO Group by 96.3% in the second quarter. Sylebra Capital LLC now owns 1,831,002 shares of the company’s stock worth $34,917,000 after acquiring an additional 898,373 shares during the period. Institutional investors own 17.16% of the company’s stock.

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.