MINISO Group Holding Limited (NYSE:MNSO) Receives Consensus Rating of “Moderate Buy” from Brokerages

MINISO Group Holding Limited (NYSE:MNSO) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $23.70.

Separately, HSBC assumed coverage on MINISO Group in a research note on Wednesday. They set a “buy” rating and a $29.30 price objective for the company.

MINISO Group Stock Up 5.8 %

Shares of MINISO Group stock opened at $20.67 on Wednesday. MINISO Group has a 1 year low of $12.51 and a 1 year high of $27.71. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 0.80 and a beta of 0.07. The company has a 50-day moving average of $23.33 and a 200 day moving average of $19.91. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66.

MINISO Group (NYSE:MNSO) last announced its earnings results on Friday, November 29th. The company reported $0.30 earnings per share for the quarter. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. As a group, sell-side analysts anticipate that MINISO Group will post 1.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MINISO Group

Hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in MINISO Group during the 4th quarter valued at $31,000. Barclays PLC bought a new position in shares of MINISO Group during the fourth quarter valued at $36,000. EverSource Wealth Advisors LLC boosted its position in shares of MINISO Group by 83.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $39,000 after buying an additional 734 shares during the last quarter. FMR LLC increased its holdings in MINISO Group by 230.2% in the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock worth $73,000 after buying an additional 2,884 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in MINISO Group in the 3rd quarter worth about $78,000. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

MINISO Group Company Profile

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.