MINISO Group (NYSE:MNSO) Cut to Hold at Nomura

MINISO Group (NYSE:MNSO) was downgraded by research analysts at Nomura from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

MNSO has been the topic of several other reports. Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. reduced their target price on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Citigroup lowered shares of MINISO Group from a “buy” rating to a “neutral” rating and set a $11.30 price target on the stock. in a research report on Monday. HSBC restated a “hold” rating and set a $10.80 price target on shares of MINISO Group in a research note on Monday. Finally, Weiss Ratings lowered shares of MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $15.27.

MINISO Group Stock Performance

Shares of MNSO opened at $9.31 on Monday. MINISO Group has a 1 year low of $9.21 and a 1 year high of $25.92. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.53 and a quick ratio of 1.14. The stock’s fifty day moving average price is $11.86 and its two-hundred day moving average price is $14.25. The firm has a market cap of $2.88 billion, a PE ratio of 16.05, a PEG ratio of 1.28 and a beta of 0.11.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.26 earnings per share for the quarter. MINISO Group had a return on equity of 19.40% and a net margin of 5.32%.The company had revenue of $855.25 million during the quarter. On average, equities research analysts forecast that MINISO Group will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MNSO. Caitong International Asset Management Co. Ltd bought a new stake in shares of MINISO Group during the third quarter valued at about $25,000. Parallel Advisors LLC boosted its position in shares of MINISO Group by 794.7% in the first quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock valued at $36,000 after acquiring an additional 1,947 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in MINISO Group by 37.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock valued at $41,000 after purchasing an additional 608 shares during the period. PNC Financial Services Group Inc. boosted its holdings in MINISO Group by 28.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock valued at $56,000 after purchasing an additional 547 shares during the period. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of MINISO Group during the 4th quarter valued at $126,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

More MINISO Group News

Here are the key news stories impacting MINISO Group this week:

• Positive Sentiment: Several Wall Street analysts see potential upside at current levels. Citigroup reaffirmed a “Neutral” rating with an $11.30 price target, while HSBC maintained a “Hold” rating and set a $10.80 target—both above the current trading level. Benzinga analyst coverage TickerReport analyst coverage
• Neutral Sentiment: A Zacks review says Wall Street sentiment toward MINISO remains relatively optimistic and examines whether analyst recommendations should influence an investment decision. However, the available rating updates are “Neutral” and “Hold,” rather than outright Buy recommendations. Zacks analyst sentiment analysis
• Negative Sentiment: Wall Street Zen downgraded MINISO to “Hold,” adding to the cautious tone surrounding the shares. Wall Street Zen downgrade
• Negative Sentiment: MINISO’s first-half results showed stronger sales in China and overall revenue and profit growth, but investors focused on pressure to profit margins and higher expenses. The earnings reaction pushed the shares lower and contributed to a new 52-week low, signaling concern about the quality and sustainability of earnings growth. Forbes earnings report MINISO 52-week low report

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.