MINISO Group (NYSE:MNSO) Issues Earnings Results

MINISO Group (NYSE:MNSO) released its quarterly earnings results on Tuesday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.45), Zacks reports. The firm had revenue of $894.32 million for the quarter, compared to the consensus estimate of $889.16 million. MINISO Group had a return on equity of 20.02% and a net margin of 10.78%.

MINISO Group Stock Up 1.0%

Shares of MINISO Group stock traded up $0.17 during trading on Wednesday, reaching $16.37. 119,641 shares of the company traded hands, compared to its average volume of 542,291. The firm has a market capitalization of $5.06 billion, a PE ratio of 16.85, a P/E/G ratio of 1.08 and a beta of 0.16. MINISO Group has a 1-year low of $13.94 and a 1-year high of $26.74. The company has a 50 day moving average price of $18.06 and a 200-day moving average price of $19.93. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.26.

Analyst Ratings Changes

A number of brokerages recently weighed in on MNSO. Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MINISO Group in a research report on Friday. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, MINISO Group has an average rating of “Hold” and a consensus price target of $24.60.

Hedge Funds Weigh In On MINISO Group

Institutional investors have recently made changes to their positions in the stock. Invesco Ltd. boosted its position in shares of MINISO Group by 13.1% during the 4th quarter. Invesco Ltd. now owns 25,800 shares of the company’s stock worth $484,000 after purchasing an additional 2,984 shares in the last quarter. Vident Advisory LLC raised its stake in MINISO Group by 4.9% during the 4th quarter. Vident Advisory LLC now owns 29,440 shares of the company’s stock worth $552,000 after buying an additional 1,377 shares during the period. Millennium Management LLC boosted its holdings in MINISO Group by 38.3% in the fourth quarter. Millennium Management LLC now owns 1,344,121 shares of the company’s stock worth $25,202,000 after acquiring an additional 372,237 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in MINISO Group by 8.1% in the fourth quarter. Engineers Gate Manager LP now owns 16,790 shares of the company’s stock worth $315,000 after acquiring an additional 1,253 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in MINISO Group by 250.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 115,420 shares of the company’s stock valued at $2,164,000 after acquiring an additional 82,457 shares during the period. Institutional investors and hedge funds own 17.16% of the company’s stock.

About MINISO Group

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.