MINISO Group (NYSE:MNSO) Upgraded at Dbs Bank

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

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group reaffirmed a hold rating on shares of MINISO Group in a report on Monday, September 23rd. Bank of America lowered shares of MINISO Group from a buy rating to an underperform rating in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating and set a $15.00 target price (down previously from $27.00) on shares of MINISO Group in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $15.00.

MINISO Group Stock Performance

Shares of MNSO stock opened at $17.13 on Tuesday. The stock has a market cap of $5.41 billion, a P/E ratio of 16.16, a P/E/G ratio of 0.56 and a beta of 0.17. The company has a fifty day moving average price of $15.87 and a two-hundred day moving average price of $19.34. MINISO Group has a one year low of $12.51 and a one year high of $28.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93.

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

MINISO Group Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in shares of MINISO Group by 55.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 40,985 shares of the company’s stock valued at $836,000 after acquiring an additional 14,628 shares in the last quarter. Norges Bank acquired a new position in shares of MINISO Group during the 4th quarter worth approximately $31,510,000. Hsbc Holdings PLC increased its holdings in shares of MINISO Group by 79.0% during the fourth quarter. Hsbc Holdings PLC now owns 529,033 shares of the company’s stock worth $10,792,000 after purchasing an additional 233,458 shares during the period. Capstone Investment Advisors LLC raised its position in shares of MINISO Group by 62.4% in the fourth quarter. Capstone Investment Advisors LLC now owns 19,263 shares of the company’s stock valued at $393,000 after buying an additional 7,402 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its position in shares of MINISO Group by 111.3% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 32,351 shares of the company’s stock valued at $660,000 after buying an additional 17,043 shares in the last quarter. 17.16% of the stock is owned by institutional investors and hedge funds.

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.