MINISO Group’s (MNSO) “Hold” Rating Reiterated at HSBC

HSBC reissued their hold rating on shares of MINISO Group (NYSE:MNSO) in a research note issued to investors on Monday, MarketBeat reports. The brokerage currently has a $10.80 price target on the stock.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. lowered their price objective on MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Weiss Ratings lowered shares of MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 25th. Wall Street Zen cut shares of MINISO Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, MINISO Group has an average rating of “Hold” and a consensus price target of $15.27.

MINISO Group Price Performance

NYSE MNSO opened at $9.64 on Monday. The company has a 50-day moving average price of $11.79 and a 200-day moving average price of $14.12. MINISO Group has a 52 week low of $9.21 and a 52 week high of $25.92. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $2.99 billion, a P/E ratio of 16.62, a PEG ratio of 1.19 and a beta of 0.10.

MINISO Group (NYSE:MNSO) last announced its earnings results on Friday, August 14th. The company reported $0.26 EPS for the quarter. The company had revenue of $855.25 million for the quarter. MINISO Group had a return on equity of 19.41% and a net margin of 5.32%. Equities research analysts anticipate that MINISO Group will post 1.12 earnings per share for the current year.

Institutional Investors Weigh In On MINISO Group

A number of institutional investors and hedge funds have recently bought and sold shares of MNSO. Caitong International Asset Management Co. Ltd purchased a new position in shares of MINISO Group in the third quarter valued at about $25,000. Parallel Advisors LLC grew its position in shares of MINISO Group by 794.7% during the first quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock worth $36,000 after purchasing an additional 1,947 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of MINISO Group by 37.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock worth $41,000 after purchasing an additional 608 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in MINISO Group by 28.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock valued at $56,000 after purchasing an additional 547 shares during the period. Finally, Atlas Capital Advisors Inc. bought a new stake in MINISO Group during the 4th quarter valued at approximately $126,000. 17.16% of the stock is owned by institutional investors.

MINISO Group Company Profile

MINISO Group (NYSE: MNSO) is a global retailer specializing in lifestyle and consumer goods. Since its founding in 2013, the company has focused on offering affordable, design-driven products across a broad range of categories. MINISO’s stores feature a clean, minimalist layout and emphasize a “fast fashion” inventory model designed to turn over goods quickly and respond to emerging trends.

The company’s product mix spans household items, kitchenware, cosmetics and personal care, stationery, toys, digital accessories, apparel and seasonal items.