Wall Street Zen lowered shares of MINISO Group (NYSE:MNSO – Free Report) from a hold rating to a sell rating in a research note issued to investors on Saturday,Wall Street Zen reports.
A number of other research firms also recently weighed in on MNSO. Citigroup downgraded MINISO Group from a “buy” rating to a “neutral” rating and set a $11.30 target price for the company. in a research report on Monday, August 31st. Nomura cut shares of MINISO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. China Intl Cap upgraded shares of MINISO Group to a “strong-buy” rating in a report on Monday, August 31st. Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings lowered shares of MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.27.
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MINISO Group Stock Performance
MINISO Group (NYSE:MNSO – Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a return on equity of 19.41% and a net margin of 5.32%.The firm had revenue of $855.25 million during the quarter. On average, equities research analysts expect that MINISO Group will post 1.12 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC lifted its position in MINISO Group by 243.5% during the first quarter. Hsbc Holdings PLC now owns 298,482 shares of the company’s stock valued at $4,844,000 after buying an additional 211,587 shares during the period. XY Capital Ltd purchased a new stake in shares of MINISO Group during the first quarter valued at approximately $2,841,000. Renaissance Technologies LLC purchased a new stake in MINISO Group during the 1st quarter valued at $478,000. Nykredit A S bought a new stake in MINISO Group in the 2nd quarter worth about $242,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of MINISO Group during the 2nd quarter valued at about $200,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.
MINISO Group Company Profile
MINISO Group Holding Limited is a global value retailer that designs, sources and sells a broad range of lifestyle products under the MINISO brand. Its merchandise includes household goods, personal accessories, beauty and personal-care products, electronics, toys, stationery, food and other everyday consumer items. The company emphasizes affordable pricing, frequent product updates and collaborations with well-known intellectual property brands.
MINISO also operates TOP TOY, a brand focused on collectible toys and related products.
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