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

MINISO Group (NYSE:MNSO)‘s stock had its “neutral” rating reissued by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday, MarketBeat reports. They currently have a $15.00 price objective on the stock, down from their prior price objective of $27.00. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 7.10% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group reissued a “hold” rating on shares of MINISO Group in a research note on Monday. Bank of America downgraded shares of MINISO Group from a “buy” rating to an “underperform” rating in a research note on Monday.

MINISO Group Price Performance

MINISO Group stock opened at $14.01 on Tuesday. MINISO Group has a 52-week low of $12.51 and a 52-week high of $28.28. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 0.56 and a beta of 0.17. The company has a quick ratio of 1.93, a current ratio of 2.38 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average is $15.91 and its 200 day moving average is $19.37.

MINISO Group (NYSE:MNSO) last announced its 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 the consensus estimate of $557.54 million. Sell-side analysts forecast that MINISO Group will post 1.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in MINISO Group during the 2nd quarter worth about $26,000. Blue Trust Inc. grew its holdings in 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 acquiring an additional 1,890 shares in the last quarter. Headlands Technologies LLC bought a new position in MINISO Group during the 1st quarter worth about $93,000. Banque Cantonale Vaudoise bought a new position in MINISO Group during the 2nd quarter worth about $118,000. Finally, Bayesian Capital Management LP bought a new position in MINISO Group during the 1st 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.