MINISO Group Holding Limited (NYSE: MNSO) stock jumped 0.80% on Monday to $15.16 against a previous-day closing price of $15.04. With 0.59 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.92 million shares. During the session, the Specialty Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $15.26 whereas the lowest price it dropped to was $14.78. The 52-week range on MNSO shows that it touched its highest point at $15.24 and its lowest point at $4.45 during that stretch. It currently has a 1-year price target of $12.38. With its current market cap of 5.22 billion, MNSO has annualized dividend of $1.87 while the current yield stands at 12.35%.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MNSO was up-trending over the past week, with a rise of 5.28%, but this was up by 36.58% over a month. Three-month performance surged to 209.39% while six-month performance rose 116.75%. The stock gained 53.12% in the past year, while it has gained 41.29% so far this year. A look at the trailing 12-month EPS for MNSO yields 0.43 with Next year EPS estimates of 0.71. For the next quarter, that number is 0.12. This implies an EPS growth rate of 140.90% for this year and 22.40% for next year.
Float and Shares Shorts:
At present, 311.84 million MNSO shares are outstanding with a float of 300.84 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.9 million, which was 1.23% higher than short shares on Sep 14, 2022. In addition to Mr. Guofu Ye as the firm’s Founder, Chairman of Directors & CEO, Mr. Saiyin Zhang serves as its CFO, Exec. VP & Director.
Through their ownership of 18.15% of MNSO’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.44% of MNSO, in contrast to 10.54% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in MNSO with 4.28% of the stake, Canada Pension Plan Investment Bo holds 13,544,749 shares worth 13,544,749. A second-largest stockholder of MNSO, Schroder Investment Management, holds 7,750,393 shares, controlling over 2.45% of the firm’s shares. Carmignac Gestion SA is the third largest shareholder in MNSO, holding 5,605,752 shares or 1.77% stake. With a 4.25% stake in MNSO, the Canada Pension Plan is the largest stakeholder. A total of 13,471,000 shares are owned by the mutual fund manager. The Schroder ISF – Greater China, which owns about 0.86% of MNSO stock, is the second-largest Mutual Fund holder. It holds 2,721,389 shares valued at 29.2 million. Carmignac Emergents holds 0.76% of the stake in MNSO, owning 2,406,191 shares worth 25.82 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MNSO since 14 analysts follow the stock currently. There are 12 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MNSO analysts setting a high price target of $119.78 and a low target of $9.96, the average target price over the next 12 months is $67.78. Based on these targets, MNSO could surge 690.11% to reach the target high and fall by -34.3% to reach the target low. Reaching the average price target will result in a growth of 347.1% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. MNSO will report FY 2023 earnings on 08/24/2023. Analysts have provided yearly estimates in a range of $4.30 being high and $3.63 being low. For MNSO, this leads to a yearly average estimate of $3.89. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. MINISO Group Holding Limited surprised analysts by -$0.08 when it reported $0.05 EPS against a consensus estimate of $0.13. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is $0.82 and the low estimate is $0.75. The average estimate for the next quarter is thus $0.78.