MINISO Group (NYSE:MNSO) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of MINISO Group (NYSE:MNSO) from a neutral rating to an overweight rating in a research report report published on Tuesday, Marketbeat reports. They currently have $22.00 target price on the stock, up from their prior target price of $15.00.

Several other research analysts have also recently issued reports on MNSO. HSBC assumed coverage on MINISO Group in a report on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price target on the stock. Hsbc Global Res raised MINISO Group to a “strong-buy” rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.03.

MINISO Group Stock Performance

MNSO opened at $19.54 on Tuesday. MINISO Group has a twelve month low of $12.51 and a twelve month high of $27.71. The stock has a market cap of $6.10 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10. The business’s 50 day moving average is $21.49 and its 200-day moving average is $20.50. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17.

MINISO Group (NYSE:MNSO) last released its quarterly earnings results on Friday, March 21st. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $2.61 by ($2.25). MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. The company had revenue of $646.49 million for the quarter, compared to the consensus estimate of $4.82 billion. On average, analysts predict that MINISO Group will post 1.19 earnings per share for the current year.

MINISO Group Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th will be given a dividend of $0.3268 per share. This represents a yield of 1.4%. The ex-dividend date is Tuesday, April 8th. MINISO Group’s payout ratio is presently 55.08%.

Hedge Funds Weigh In On MINISO Group

Several hedge funds have recently bought and sold shares of MNSO. Vise Technologies Inc. bought a new stake in MINISO Group during the fourth quarter worth approximately $366,000. Vident Advisory LLC boosted its holdings in shares of MINISO Group by 34.4% during the 4th quarter. Vident Advisory LLC now owns 21,559 shares of the company’s stock worth $515,000 after buying an additional 5,523 shares during the period. Two Sigma Advisers LP acquired a new position in MINISO Group in the 4th quarter valued at $237,000. Two Sigma Investments LP bought a new position in MINISO Group in the 4th quarter worth $1,514,000. Finally, Tairen Capital Ltd lifted its position in MINISO Group by 211.7% during the 4th quarter. Tairen Capital Ltd now owns 218,170 shares of the company’s stock worth $5,212,000 after acquiring an additional 148,170 shares during the last quarter. 17.16% of the stock is owned by institutional investors and hedge funds.

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.