MINISO Group (NYSE:MNSO) Receives “Hold” Rating from HSBC

MINISO Group (NYSE:MNSO)‘s stock had its “hold” rating reiterated by investment analysts at HSBC in a report issued on Monday,Benzinga reports. They presently have a $10.80 price target on the stock. HSBC’s target price would suggest a potential upside of 4.55% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Zacks Research raised MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. cut their price target on MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Weiss Ratings downgraded shares of MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 25th. Finally, Wall Street Zen lowered shares of MINISO Group from a “buy” rating to a “hold” rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.60.

MINISO Group Price Performance

Shares of MINISO Group stock opened at $10.33 on Monday. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 1.28 and a beta of 0.11. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 0.76. MINISO Group has a 1-year low of $10.01 and a 1-year high of $25.92. The firm’s 50-day moving average price is $11.91 and its two-hundred day moving average price is $14.32.

MINISO Group (NYSE:MNSO) last released its quarterly earnings results on Friday, August 14th. The company reported $0.26 EPS for the quarter. MINISO Group had a return on equity of 19.40% and a net margin of 5.32%.The business had revenue of $855.25 million for the quarter. On average, equities analysts predict that MINISO Group will post 1.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MINISO Group

A number of institutional investors and hedge funds have recently made changes to their positions in MNSO. Caitong International Asset Management Co. Ltd acquired a new position in shares of MINISO Group during the third quarter valued at $25,000. Parallel Advisors LLC raised its holdings in MINISO Group by 794.7% during the 1st quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock worth $36,000 after purchasing an additional 1,947 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of MINISO Group by 37.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock valued at $41,000 after purchasing an additional 608 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of 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 acquiring an additional 547 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in MINISO Group during the fourth quarter worth about $126,000. Institutional investors own 17.16% of the company’s stock.

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.