MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Given Average Rating of “Hold” by Analysts

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) have received a consensus rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $21.7333.

MNSO has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of MINISO Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Zacks Research lowered shares of MINISO Group from a “hold” rating to a “strong sell” rating in a research note on Monday, June 15th. JPMorgan Chase & Co. cut their target price on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Finally, Weiss Ratings downgraded MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 25th.

Insider Activity at MINISO Group

In related news, VP Yunyun (Alice) Yang purchased 150,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average price of $3.35 per share, with a total value of $502,500.00. Following the acquisition, the vice president owned 315,740,482 shares in the company, valued at approximately $1,057,730,614.70. This trade represents a 0.05% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Guofu Ye acquired 150,000 shares of MINISO Group stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average price of $3.35 per share, with a total value of $502,500.00. Following the transaction, the chief executive officer directly owned 315,740,482 shares in the company, valued at approximately $1,057,730,614.70. This trade represents a 0.05% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 4,200,000 shares of company stock worth $13,797,000. Company insiders own 73.50% of the company’s stock.

Institutional Trading of MINISO Group

Large investors have recently modified their holdings of the company. Serenity Capital Management PTE. LTD. grew its position in MINISO Group by 74.9% in 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 buying an additional 866,793 shares in the last quarter. Millennium Management LLC raised its position in shares of MINISO Group by 167.5% during the 3rd quarter. Millennium Management LLC now owns 971,884 shares of the company’s stock worth $21,867,000 after buying an additional 608,544 shares in the last quarter. Tiger Pacific Capital LP bought a new stake in shares of MINISO Group during the 3rd quarter worth about $6,300,000. Marshall Wace LLP lifted its stake in shares of MINISO Group by 15.8% in the 4th quarter. Marshall Wace LLP now owns 1,981,202 shares of the company’s stock worth $37,148,000 after acquiring an additional 270,765 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of MINISO Group by 243.5% in the first quarter. Hsbc Holdings PLC now owns 298,482 shares of the company’s stock valued at $4,844,000 after acquiring an additional 211,587 shares in the last quarter. Institutional investors and hedge funds own 17.16% of the company’s stock.

MINISO Group Stock Performance

Shares of MNSO stock traded up $0.29 on Friday, hitting $11.77. 623,200 shares of the stock traded hands, compared to its average volume of 616,220. 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 company has a market capitalization of $3.64 billion, a PE ratio of 12.52, a PEG ratio of 1.46 and a beta of 0.10. MINISO Group has a 1-year low of $11.12 and a 1-year high of $26.74. The company’s fifty day moving average is $12.97 and its 200 day moving average is $16.15.

MINISO Group (NYSE:MNSO) last released its quarterly earnings data on Friday, May 15th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.17). MINISO Group had a return on equity of 18.98% and a net margin of 9.03%.The business had revenue of $825.04 million during the quarter, compared to analyst estimates of $805.60 million. On average, equities research analysts predict that MINISO Group will post 1.12 earnings per share for the current fiscal year.

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.