MINISO Group (NYSE:MNSO) Stock Rating Upgraded by Zacks Research

MINISO Group (NYSE:MNSO) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MINISO Group in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of MINISO Group in a report on Tuesday, November 25th. They issued a “buy” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.13.

MINISO Group Price Performance

Shares of NYSE MNSO opened at $18.92 on Thursday. MINISO Group has a 52 week low of $13.94 and a 52 week high of $26.74. The business’s 50 day moving average price is $19.44 and its 200 day moving average price is $21.04. The company has a quick ratio of 1.26, a current ratio of 1.65 and a debt-to-equity ratio of 0.73. The firm has a market cap of $5.85 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.34 and a beta of 0.13.

Institutional Trading of MINISO Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in MINISO Group by 44.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,591 shares of the company’s stock valued at $67,000 after buying an additional 1,111 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of MINISO Group by 8.5% in the 4th quarter. GSA Capital Partners LLP now owns 113,895 shares of the company’s stock valued at $2,136,000 after purchasing an additional 8,918 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in MINISO Group by 1.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 673,402 shares of the company’s stock worth $12,626,000 after purchasing an additional 12,315 shares during the period. Venturi Wealth Management LLC purchased a new position in MINISO Group during the fourth quarter worth approximately $199,000. Finally, J. Safra Sarasin Holding AG acquired a new stake in MINISO Group in the fourth quarter valued at approximately $220,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

MINISO Group Company Profile

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.