MINISO Group (NYSE:MNSO) Announces Earnings Results, Misses Estimates By $0.45 EPS

MINISO Group (NYSE:MNSO) posted its quarterly earnings results on Tuesday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.45), Zacks reports. MINISO Group had a return on equity of 20.02% and a net margin of 10.78%.The company had revenue of $894.32 million during the quarter, compared to analyst estimates of $889.16 million.

MINISO Group Trading Up 1.3%

Shares of MINISO Group stock traded up $0.21 during trading hours on Wednesday, hitting $16.41. The company’s stock had a trading volume of 169,141 shares, compared to its average volume of 543,200. MINISO Group has a 12 month low of $13.94 and a 12 month high of $26.74. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.26. The company has a market capitalization of $5.08 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 1.08 and a beta of 0.16. The stock has a 50 day moving average of $18.06 and a 200 day moving average of $19.93.

Institutional Investors Weigh In On MINISO Group

Several large investors have recently made changes to their positions in the stock. Serenity Capital Management PTE. LTD. lifted its position in MINISO Group by 74.9% in the 4th quarter. Serenity Capital Management PTE. LTD. now owns 2,024,455 shares of the company’s stock valued at $37,959,000 after acquiring an additional 866,793 shares in the last quarter. Marshall Wace LLP increased its holdings in MINISO Group by 15.8% during the 4th quarter. Marshall Wace LLP now owns 1,981,202 shares of the company’s stock worth $37,148,000 after purchasing an additional 270,765 shares in the last quarter. Orbis Allan Gray Ltd raised its stake in shares of MINISO Group by 0.7% in the 4th quarter. Orbis Allan Gray Ltd now owns 1,792,873 shares of the company’s stock valued at $33,616,000 after purchasing an additional 12,468 shares during the period. Millennium Management LLC lifted its holdings in shares of MINISO Group by 38.3% in the fourth quarter. Millennium Management LLC now owns 1,344,121 shares of the company’s stock valued at $25,202,000 after purchasing an additional 372,237 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of MINISO Group by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 315,424 shares of the company’s stock valued at $5,832,000 after purchasing an additional 5,086 shares in the last quarter. Institutional investors own 17.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MNSO shares. Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings restated a “hold (c)” rating on shares of MINISO Group in a research report on Friday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.60.

About MINISO Group

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.