Analysts Set MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Price Target at $24.53

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) have received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $24.53.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $20.00 price objective on shares of MINISO Group in a research report on Tuesday, May 27th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of MINISO Group in the fourth quarter worth approximately $2,839,000. Orion Portfolio Solutions LLC purchased a new position in shares of MINISO Group during the 4th quarter worth $202,000. HCEP Management Ltd purchased a new position in shares of MINISO Group during the 4th quarter worth $40,613,000. Qtron Investments LLC bought a new stake in shares of MINISO Group during the 4th quarter valued at $224,000. Finally, Barclays PLC purchased a new stake in shares of MINISO Group in the 4th quarter worth $36,000. 17.16% of the stock is owned by hedge funds and other institutional investors.

MINISO Group Stock Down 2.9%

NYSE:MNSO opened at $18.55 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.54 and a current ratio of 1.99. The firm has a market cap of $5.80 billion, a P/E ratio of 16.71, a P/E/G ratio of 1.12 and a beta of 0.16. MINISO Group has a fifty-two week low of $12.51 and a fifty-two week high of $27.71. The firm has a 50-day simple moving average of $18.08 and a two-hundred day simple moving average of $19.26.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data on Friday, May 23rd. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.04 by ($1.85). MINISO Group had a return on equity of 24.23% and a net margin of 13.85%. The firm had revenue of $609.87 million during the quarter, compared to analysts’ expectations of $4.35 billion. Analysts predict that MINISO Group will post 1.19 earnings per share for the current fiscal year.

MINISO Group Company Profile

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.