MINISO Group (NYSE:MNSO) Announces Quarterly Earnings Results, Misses Expectations 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 net margin of 10.78% and a return on equity of 20.02%. The business had revenue of $894.32 million during the quarter, compared to analyst estimates of $889.16 million.

MINISO Group Stock Up 1.0%

MNSO traded up $0.17 during mid-day trading on Wednesday, reaching $16.37. 119,641 shares of the stock were exchanged, compared to its average volume of 542,291. The company has a 50 day moving average price of $18.06 and a two-hundred day moving average price of $19.93. The stock has a market capitalization of $5.06 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 1.08 and a beta of 0.16. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.26 and a current ratio of 1.65. MINISO Group has a 1 year low of $13.94 and a 1 year high of $26.74.

Hedge Funds Weigh In On MINISO Group

Institutional investors have recently modified their holdings of the business. Invesco Ltd. increased its position in shares of MINISO Group by 13.1% during the fourth quarter. Invesco Ltd. now owns 25,800 shares of the company’s stock valued at $484,000 after acquiring an additional 2,984 shares during the last quarter. Vident Advisory LLC raised its stake in shares of MINISO Group by 4.9% during the 4th quarter. Vident Advisory LLC now owns 29,440 shares of the company’s stock worth $552,000 after purchasing an additional 1,377 shares during the period. Millennium Management LLC raised its stake in shares of MINISO Group by 38.3% during the 4th quarter. Millennium Management LLC now owns 1,344,121 shares of the company’s stock worth $25,202,000 after purchasing an additional 372,237 shares during the period. Engineers Gate Manager LP boosted its holdings in shares of MINISO Group by 8.1% in the 4th quarter. Engineers Gate Manager LP now owns 16,790 shares of the company’s stock worth $315,000 after buying an additional 1,253 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its position in MINISO Group by 250.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 115,420 shares of the company’s stock valued at $2,164,000 after buying an additional 82,457 shares during the period. 17.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of MINISO Group in a report on Friday. Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.