MINISO Group (MNSO) Expected to Announce Quarterly Earnings on Thursday

MINISO Group (NYSE:MNSO) is anticipated to release its results before the market opens on Thursday, February 26th. Analysts expect MINISO Group to post earnings of $0.3747 per share and revenue of $885.1270 million for the quarter.

MINISO Group Trading Up 0.5%

MINISO Group stock opened at $19.60 on Thursday. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 1.37 and a beta of 0.13. The firm has a 50-day moving average of $19.39 and a 200-day moving average of $21.08. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.26. MINISO Group has a one year low of $13.94 and a one year high of $26.74.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Zacks Research raised MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Weiss Ratings reissued a “hold (c)” rating on shares of MINISO Group in a report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of MINISO Group in a research note on Tuesday, November 25th. They issued a “buy” rating and a $23.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.13.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in MINISO Group in the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC increased 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 valued at $41,000 after purchasing an additional 608 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of MINISO Group by 28.3% in the third 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. Atlas Capital Advisors Inc. acquired a new stake in shares of MINISO Group during the 4th quarter worth about $126,000. Finally, Vise Technologies Inc. bought a new stake in shares of MINISO Group during the 3rd quarter worth about $214,000. 17.16% of the stock is owned by institutional investors and hedge funds.

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.