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

MINISO Group (NYSE:MNSO) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

Other analysts also recently issued research reports about the stock. Zacks Research upgraded shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. HSBC reissued a “hold” rating and set a $10.80 price objective on shares of MINISO Group in a research report on Monday, August 31st. Nomura lowered shares of MINISO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Weiss Ratings cut shares of MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 25th. Finally, China Intl Cap upgraded shares of MINISO Group to a “strong-buy” rating in a research note on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $15.27.

MINISO Group Trading Up 0.0%

NYSE:MNSO opened at $9.07 on Friday. The company has a market capitalization of $2.75 billion, a PE ratio of 15.64 and a beta of 0.10. MINISO Group has a 52-week low of $9.01 and a 52-week high of $25.55. The stock’s 50 day moving average price is $11.46 and its 200 day moving average price is $13.62. The company has a quick ratio of 1.18, a current ratio of 1.57 and a debt-to-equity ratio of 0.94.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Serenity Capital Management PTE. LTD. lifted its position in shares of MINISO Group by 74.9% during the 4th quarter. Serenity Capital Management PTE. LTD. now owns 2,024,455 shares of the company’s stock valued at $37,959,000 after acquiring an additional 866,793 shares during the period. Millennium Management LLC boosted its position in MINISO Group by 167.5% during the third quarter. Millennium Management LLC now owns 971,884 shares of the company’s stock worth $21,867,000 after purchasing an additional 608,544 shares in the last quarter. Tiger Pacific Capital LP acquired a new stake in MINISO Group in the third quarter valued at $6,300,000. Marshall Wace LLP increased its position in shares of MINISO Group by 15.8% in the fourth quarter. Marshall Wace LLP now owns 1,981,202 shares of the company’s stock valued at $37,148,000 after buying an additional 270,765 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake 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 worth $4,844,000 after buying an additional 211,587 shares during the last quarter. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Company Profile

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.