MINISO Group (NYSE:MNSO) Rating Reiterated by JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of MINISO Group (NYSE:MNSO) in a report published on Tuesday, MarketBeat.com reports. JPMorgan Chase & Co. currently has a $15.00 price objective on the stock, down from their previous price objective of $27.00.

Several other equities analysts have also recently weighed in on MNSO. Bank of America cut shares of MINISO Group from a buy rating to an underperform rating in a research report on Monday, September 23rd. Jefferies Financial Group reissued a hold rating on shares of MINISO Group in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and an average price target of $15.00.

MINISO Group Price Performance

Shares of NYSE MNSO opened at $17.13 on Tuesday. MINISO Group has a fifty-two week low of $12.51 and a fifty-two week high of $28.28. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 0.56 and a beta of 0.17. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.38. The firm’s 50-day simple moving average is $15.87 and its 200 day simple moving average is $19.34.

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

MINISO Group Dividend Announcement

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

Hedge Funds Weigh In On MINISO Group

Several hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC increased its stake in shares of MINISO Group by 9.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,249 shares of the company’s stock worth $215,000 after purchasing an additional 942 shares during the last quarter. XTX Topco Ltd increased its stake in shares of MINISO Group by 10.6% during the 2nd quarter. XTX Topco Ltd now owns 13,861 shares of the company’s stock worth $264,000 after purchasing an additional 1,326 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of MINISO Group during the 2nd quarter worth approximately $26,000. Blue Trust Inc. increased its stake in shares of MINISO Group by 3,098.4% during the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock worth $40,000 after purchasing an additional 1,890 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of MINISO Group by 5.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 43,286 shares of the company’s stock worth $887,000 after purchasing an additional 2,301 shares during the last quarter. Institutional investors own 17.16% of the company’s stock.

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.