MINISO Group (NYSE:MNSO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of MINISO Group (NYSE:MNSO) from a sell rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

MNSO has been the topic of a number of other reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MINISO Group in a research report on Tuesday, September 22nd. China Intl Cap raised shares of MINISO Group to a “strong-buy” rating in a research report on Monday, August 31st. Nomura lowered MINISO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. HSBC reissued a “hold” rating and set a $10.80 price target on shares of MINISO Group in a research report on Monday, August 31st. Finally, Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.27.

MINISO Group Trading Up 1.4%

NYSE MNSO opened at $8.90 on Friday. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 15.35 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. MINISO Group has a one year low of $8.55 and a one year high of $23.10. The company’s 50 day moving average price is $10.75 and its 200 day moving average price is $12.94.

MINISO Group (NYSE:MNSO) last issued its 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 during the quarter. MINISO Group had a return on equity of 19.41% and a net margin of 5.32%. On average, sell-side analysts predict that MINISO Group will post 1.12 EPS for the current year.

Hedge Funds Weigh In On MINISO Group

Several large investors have recently made changes to their positions in MNSO. Allworth Financial LP raised its holdings in shares of MINISO Group by 5,641.7% in the 2nd quarter. Allworth Financial LP now owns 2,067 shares of the company’s stock worth $25,000 after purchasing an additional 2,031 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of 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 acquiring an additional 1,947 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of MINISO Group by 34.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,842 shares of the company’s stock worth $78,000 after acquiring an additional 1,251 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of MINISO Group during the second quarter valued at $140,000. Finally, Hantz Financial Services Inc. increased its stake in MINISO Group by 70.6% in the 4th quarter. Hantz Financial Services Inc. now owns 8,680 shares of the company’s stock worth $163,000 after purchasing an additional 3,593 shares in the last quarter. Institutional investors own 17.16% of the company’s stock.

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.