MINISO Group (NYSE:MNSO) Stock Rating Upgraded by Dbs Bank

Dbs Bank upgraded shares of MINISO Group (NYSE:MNSO) to a strong-buy rating in a research note published on Tuesday morning, Zacks.com reports.

Several other analysts have also recently commented on MNSO. JPMorgan Chase & Co. reiterated a neutral rating and set a $15.00 target price (down previously from $27.00) on shares of MINISO Group in a research report on Tuesday. Bank of America lowered MINISO Group from a buy rating to an underperform rating in a research note on Monday, September 23rd. Finally, Jefferies Financial Group restated a hold rating on shares of MINISO Group in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and an average price target of $15.00.

MINISO Group Trading Up 11.0 %

Shares of MNSO opened at $17.13 on Tuesday. The stock’s fifty day simple moving average is $15.87 and its 200-day simple moving average is $19.34. The firm has a market capitalization of $5.41 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 0.56 and a beta of 0.17. MINISO Group has a 12-month low of $12.51 and a 12-month high of $28.28. The company has a quick ratio of 1.93, a current ratio of 2.38 and a debt-to-equity ratio of 0.15.

MINISO Group (NYSE:MNSO) last issued its earnings results on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $555.26 million for the quarter, compared to analyst estimates of $557.54 million. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. As a group, research analysts predict that MINISO Group will post 1.23 earnings per share for the current year.

MINISO Group Dividend Announcement

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were given a $0.274 dividend. This represents a dividend yield of 1.6%. The ex-dividend date was Friday, September 13th. MINISO Group’s dividend payout ratio is currently 49.06%.

Hedge Funds Weigh In On MINISO Group

Institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of MINISO Group during the second quarter worth about $26,000. Blue Trust Inc. raised its holdings in shares of MINISO Group by 3,098.4% in the second quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock valued at $40,000 after purchasing an additional 1,890 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of MINISO Group in the first quarter worth $93,000. Banque Cantonale Vaudoise acquired a new position in MINISO Group during the second quarter worth $118,000. Finally, Bayesian Capital Management LP acquired a new position in MINISO Group during the first quarter worth $201,000. Institutional investors own 17.16% of the company’s stock.

About MINISO Group

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.