Citigroup cut shares of MINISO Group (NYSE:MNSO – Free Report) from a buy rating to a neutral rating in a report issued on Monday, MarketBeat reports. They currently have $11.30 target price on the stock.
Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 25th. Wall Street Zen cut MINISO Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. HSBC reiterated a “hold” rating and set a $10.80 target price on shares of MINISO Group in a research note on Monday. Zacks Research raised MINISO Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. decreased their price target on MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.27.
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MINISO Group Stock Performance
MINISO Group (NYSE:MNSO – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported $0.26 earnings per share for the quarter. The business had revenue of $855.25 million during the quarter. MINISO Group had a net margin of 5.32% and a return on equity of 19.41%. Sell-side analysts anticipate that MINISO Group will post 1.12 EPS for the current fiscal year.
Institutional Investors Weigh In On MINISO Group
A number of large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its stake in MINISO Group by 3.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 15,268 shares of the company’s stock valued at $344,000 after buying an additional 498 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of MINISO Group by 28.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock valued at $56,000 after buying an additional 547 shares during the period. American Century Companies Inc. boosted its stake in shares of MINISO Group by 0.4% in the 2nd quarter. American Century Companies Inc. now owns 133,224 shares of the company’s stock worth $2,427,000 after buying an additional 595 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of MINISO Group by 37.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock worth $41,000 after acquiring an additional 608 shares during the period. Finally, Quadrant Capital Group LLC increased its position in MINISO Group by 1.4% during the fourth quarter. Quadrant Capital Group LLC now owns 42,897 shares of the company’s stock valued at $804,000 after acquiring an additional 609 shares during the last quarter. Institutional investors own 17.16% of the company’s stock.
MINISO Group Company Profile
MINISO Group (NYSE: MNSO) is a global retailer specializing in lifestyle and consumer goods. Since its founding in 2013, the company has focused on offering affordable, design-driven products across a broad range of categories. MINISO’s stores feature a clean, minimalist layout and emphasize a “fast fashion” inventory model designed to turn over goods quickly and respond to emerging trends.
The company’s product mix spans household items, kitchenware, cosmetics and personal care, stationery, toys, digital accessories, apparel and seasonal items.
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