MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Receives $21.73 Average PT from Brokerages

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) have earned a consensus rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $21.7333.

A number of analysts recently issued reports on MNSO shares. Zacks Research lowered MINISO Group from a “hold” rating to a “strong sell” rating in a research note on Monday, June 15th. Wall Street Zen upgraded MINISO Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Weiss Ratings restated a “hold (c)” rating on shares of MINISO Group in a research note on Friday, March 27th. Finally, JPMorgan Chase & Co. decreased their target price on MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th.

Insider Transactions at MINISO Group

In other news, VP Yunyun (Alice) Yang acquired 1,950,000 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was purchased at an average cost of $3.28 per share, for a total transaction of $6,396,000.00. Following the acquisition, the vice president owned 315,590,482 shares of the company’s stock, valued at $1,035,136,780.96. This trade represents a 0.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Guofu Ye acquired 1,950,000 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was purchased at an average price of $3.28 per share, with a total value of $6,396,000.00. Following the completion of the acquisition, the chief executive officer directly owned 315,590,482 shares in the company, valued at approximately $1,035,136,780.96. This represents a 0.62% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 4,200,000 shares of company stock valued at $13,797,000 over the last quarter. Company insiders own 73.50% of the company’s stock.

Institutional Investors Weigh In On MINISO Group

Several institutional investors have recently bought and sold shares of the stock. Serenity Capital Management PTE. LTD. boosted its holdings in MINISO Group by 74.9% during the 4th quarter. Serenity Capital Management PTE. LTD. now owns 2,024,455 shares of the company’s stock valued at $37,959,000 after acquiring an additional 866,793 shares during the period. Marshall Wace LLP boosted its holdings in MINISO Group by 15.8% during the 4th quarter. Marshall Wace LLP now owns 1,981,202 shares of the company’s stock valued at $37,148,000 after acquiring an additional 270,765 shares during the period. Orbis Allan Gray Ltd boosted its holdings in MINISO Group by 0.7% during the 4th quarter. Orbis Allan Gray Ltd now owns 1,792,873 shares of the company’s stock valued at $33,616,000 after acquiring an additional 12,468 shares during the period. WFM ASIA BVI Ltd purchased a new stake in MINISO Group during the 3rd quarter valued at about $35,624,000. Finally, Millennium Management LLC lifted its holdings in 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 buying an additional 372,237 shares during the period. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

MINISO Group Stock Down 3.3%

Shares of NYSE MNSO opened at $11.55 on Tuesday. MINISO Group has a one year low of $11.53 and a one year high of $26.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.53 and a quick ratio of 1.14. The business’s fifty day moving average price is $14.00 and its 200-day moving average price is $16.91. The stock has a market capitalization of $3.58 billion, a PE ratio of 12.28, a P/E/G ratio of 1.48 and a beta of 0.08.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.18). MINISO Group had a net margin of 9.03% and a return on equity of 18.98%. The firm had revenue of $825.04 million for the quarter, compared to analysts’ expectations of $805.60 million. On average, equities research analysts anticipate that MINISO Group will post 1.12 EPS for the current year.

MINISO Group Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, May 4th. Stockholders of record on Monday, April 20th were issued a $0.3764 dividend. This represents a dividend yield of 479.0%. The ex-dividend date was Monday, April 20th. MINISO Group’s dividend payout ratio is presently 77.66%.

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.