MINISO Group (NYSE:MNSO) Downgraded by Nomura to Hold

Nomura lowered shares of MINISO Group (NYSE:MNSO) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks reports.

Several other equities research analysts have also issued reports on the stock. Wall Street Zen lowered shares of MINISO Group from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup downgraded MINISO Group from a “buy” rating to a “neutral” rating and set a $11.30 price objective on the stock. in a research note on Monday. HSBC reissued a “hold” rating and set a $10.80 price objective on shares of MINISO Group in a report on Monday. Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings cut MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, MINISO Group currently has a consensus rating of “Hold” and an average target price of $15.27.

MINISO Group Price Performance

Shares of NYSE:MNSO opened at $9.31 on Monday. The company has a market capitalization of $2.88 billion, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 1.28 and a beta of 0.11. The company’s 50-day moving average is $11.86 and its 200 day moving average is $14.25. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.14 and a current ratio of 1.53. MINISO Group has a fifty-two week low of $9.21 and a fifty-two week high of $25.92.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. XY Capital Ltd bought a new position in MINISO Group in the 1st quarter worth about $2,841,000. Hsbc Holdings PLC boosted its position in shares of MINISO Group by 243.5% during 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 during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of MINISO Group by 37.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock valued at $41,000 after acquiring an additional 608 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of MINISO Group during the third quarter worth about $25,000. Finally, Nykredit A S purchased a new position in shares of MINISO Group during the second quarter worth about $242,000. 17.16% of the stock is owned by institutional investors.

MINISO Group News Summary

Here are the key news stories impacting MINISO Group this week:

• Positive Sentiment: Several Wall Street analysts see potential upside at current levels. Citigroup reaffirmed a “Neutral” rating with an $11.30 price target, while HSBC maintained a “Hold” rating and set a $10.80 target—both above the current trading level. Benzinga analyst coverage TickerReport analyst coverage
• Neutral Sentiment: A Zacks review says Wall Street sentiment toward MINISO remains relatively optimistic and examines whether analyst recommendations should influence an investment decision. However, the available rating updates are “Neutral” and “Hold,” rather than outright Buy recommendations. Zacks analyst sentiment analysis
• Negative Sentiment: Wall Street Zen downgraded MINISO to “Hold,” adding to the cautious tone surrounding the shares. Wall Street Zen downgrade
• Negative Sentiment: MINISO’s first-half results showed stronger sales in China and overall revenue and profit growth, but investors focused on pressure to profit margins and higher expenses. The earnings reaction pushed the shares lower and contributed to a new 52-week low, signaling concern about the quality and sustainability of earnings growth. Forbes earnings report MINISO 52-week low report

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.