MINISO Group (NYSE:MNSO) Rating Reiterated by Jefferies Financial Group

MINISO Group (NYSE:MNSO)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Financial Group in a report issued on Monday, MarketBeat reports.

Other equities research analysts have also recently issued research reports about the company. Bank of America cut MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday. JPMorgan Chase & Co. dropped their price target on MINISO Group from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd.

MINISO Group Trading Down 2.5 %

Shares of MNSO stock opened at $13.38 on Monday. The stock has a market capitalization of $4.23 billion, a PE ratio of 12.64, a P/E/G ratio of 0.68 and a beta of 0.17. MINISO Group has a 1-year low of $12.51 and a 1-year high of $28.28. The business has a 50-day moving average of $16.07 and a 200 day moving average of $19.44. 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 released its quarterly earnings data on Friday, August 30th. The company reported $0.26 earnings per share 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, sell-side analysts anticipate that MINISO Group will post 1.22 earnings per share for the current year.

Institutional Trading of MINISO Group

Hedge funds have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in MINISO Group in the second quarter worth about $26,000. Blue Trust Inc. increased its position in MINISO Group by 3,098.4% in the second quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock worth $40,000 after buying an additional 1,890 shares in the last quarter. Headlands Technologies LLC purchased a new stake in MINISO Group in the first quarter worth about $93,000. Banque Cantonale Vaudoise purchased a new stake in MINISO Group in the second quarter worth about $118,000. Finally, Bayesian Capital Management LP purchased a new stake in MINISO Group in the first quarter worth about $201,000. Hedge funds and other 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.