MINISO Group (NYSE:MNSO) Stock Rating Upgraded by Wall Street Zen

by · The Markets Daily

MINISO Group (NYSE:MNSO – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

Several other equities research analysts have also commented on MNSO. Weiss Ratings reissued a “sell (d+)” rating on shares of MINISO Group in a research note on Tuesday, September 22nd. Citigroup downgraded shares of MINISO Group from a “buy” rating to a “neutral” rating and set a $11.30 target price for the company. in a research note on Monday, August 31st. China Intl Cap upgraded shares of MINISO Group to a “strong-buy” rating in a report on Monday, August 31st. JPMorgan Chase & Co. dropped their price target 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. Finally, Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned 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 target price of $15.27.

Read Our Latest Report on MINISO Group

MINISO Group Stock Down 0.1%

Shares of NYSE:MNSO opened at $8.78 on Friday. The firm has a market capitalization of $2.66 billion, a P/E ratio of 15.13 and a beta of 0.10. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.18 and a current ratio of 1.57. The stock has a 50 day moving average price of $10.83 and a 200-day moving average price of $13.00. MINISO Group has a 52-week low of $8.55 and a 52-week high of $23.55.

MINISO Group (NYSE:MNSO – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported $0.26 earnings per share 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%. As a group, equities research analysts anticipate that MINISO Group will post 1.12 EPS for the current fiscal year.

Institutional Investors Weigh In On MINISO Group

A number of institutional investors have recently made changes to their positions in MNSO. Hsbc Holdings PLC lifted its position in MINISO Group by 243.5% in the 1st quarter. Hsbc Holdings PLC now owns 298,482 shares of the company’s stock valued at $4,844,000 after acquiring an additional 211,587 shares in the last quarter. XY Capital Ltd bought a new stake in shares of MINISO Group in the 1st quarter worth $2,841,000. Renaissance Technologies LLC purchased a new position in shares of MINISO Group in the first quarter worth $478,000. Nykredit A S bought a new position in shares of MINISO Group during the second quarter valued at $242,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of MINISO Group during the second quarter valued at $200,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Company Profile

(Get Free Report)

MINISO Group Holding Limited is a global value retailer that designs, sources and sells a broad range of lifestyle products under the MINISO brand. Its merchandise includes household goods, personal accessories, beauty and personal-care products, electronics, toys, stationery, food and other everyday consumer items. The company emphasizes affordable pricing, frequent product updates and collaborations with well-known intellectual property brands.

MINISO also operates TOP TOY, a brand focused on collectible toys and related products.

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