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

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

MINISO Group Price Performance

NYSE:MNSO traded up $0.21 during mid-day trading on Wednesday, reaching $16.41. 181,868 shares of the stock were exchanged, compared to its average volume of 543,516. The company has a current ratio of 1.65, a quick ratio of 1.26 and a debt-to-equity ratio of 0.73. The business has a fifty day moving average price of $18.06 and a 200 day moving average price of $19.93. MINISO Group has a 1-year low of $13.94 and a 1-year high of $26.74. The firm has a market capitalization of $5.08 billion, a PE ratio of 16.92, a PEG ratio of 1.08 and a beta of 0.16.

Analyst Ratings Changes

MNSO has been the topic of several research analyst reports. Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of MINISO Group in a report on Friday. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.60.

Hedge Funds Weigh In On MINISO Group

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

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.