Brokerages Set MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Price Target at $21.73

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) has received an average rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $21.7333.

A number of brokerages have recently issued reports on MNSO. Weiss Ratings downgraded shares of MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 25th. Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. cut their target price on MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Finally, Wall Street Zen upgraded MINISO Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th.

Insider Transactions at MINISO Group

In related news, VP Yunyun (Alice) Yang bought 150,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president directly owned 315,740,482 shares of the company’s stock, valued at $1,057,730,614.70. This represents a 0.05% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Guofu Ye bought 150,000 shares of the stock in a transaction on Monday, June 1st. The shares were bought at an average cost of $3.35 per share, with a total value of $502,500.00. Following the purchase, the chief executive officer owned 315,740,482 shares of the company’s stock, valued at $1,057,730,614.70. This trade represents a 0.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 4,200,000 shares of company stock valued at $13,797,000 over the last three months. Corporate insiders own 73.50% of the company’s stock.

Hedge Funds Weigh In On MINISO Group

Several large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in MINISO Group in the 3rd quarter valued at approximately $25,000. Parallel Advisors LLC lifted its stake in MINISO Group by 794.7% during the first quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock worth $36,000 after purchasing an additional 1,947 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in MINISO Group by 37.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock worth $41,000 after purchasing an additional 608 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of MINISO Group by 28.3% during the third quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock worth $56,000 after buying an additional 547 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of MINISO Group in the fourth quarter valued at $126,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Trading Down 0.9%

Shares of MNSO stock opened at $11.93 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 0.76. MINISO Group has a twelve month low of $11.12 and a twelve month high of $26.74. The company’s 50-day moving average price is $12.31 and its 200-day moving average price is $14.98. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.49 and a beta of 0.11.

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

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.