MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Stock Has Consensus Price Target of $15.27

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) has received an average rating of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $15.27.

Several equities research analysts recently issued reports on MNSO shares. Citigroup cut shares of MINISO Group from a “buy” rating to a “neutral” rating and set a $11.30 target price on the stock. in a research report on Monday, August 31st. Zacks Research upgraded shares of MINISO Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Nomura cut shares of MINISO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Weiss Ratings reissued a “sell (d+)” rating on shares of MINISO Group in a research note on Tuesday, September 22nd. Finally, Wall Street Zen upgraded MINISO Group from a “sell” rating to a “hold” rating in a report on Saturday, September 26th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MNSO. XY Capital Ltd bought a new position in MINISO Group during the first quarter worth $2,841,000. Hsbc Holdings PLC increased its stake in MINISO Group by 243.5% during the first quarter. Hsbc Holdings PLC now owns 298,482 shares of the company’s stock valued at $4,844,000 after purchasing an additional 211,587 shares during the last quarter. Parallel Advisors LLC increased 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 valued at $36,000 after purchasing an additional 1,947 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of MINISO Group during the second quarter worth $140,000. Finally, Allworth Financial LP lifted its position in shares of MINISO Group by 5,641.7% in the 2nd quarter. Allworth Financial LP now owns 2,067 shares of the company’s stock worth $25,000 after buying an additional 2,031 shares during the last quarter. Institutional investors and hedge funds own 17.16% of the company’s stock.

MINISO Group Stock Down 1.7%

MINISO Group stock opened at $9.13 on Friday. MINISO Group has a fifty-two week low of $8.55 and a fifty-two week high of $23.10. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 15.75 and a beta of 0.16. The stock’s fifty day moving average is $10.56 and its two-hundred day moving average is $12.78. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.18 and a current ratio of 1.57.

MINISO Group (NYSE:MNSO) last announced its earnings results on Friday, August 14th. The company reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $855.25 million during the quarter. MINISO Group had a net margin of 5.32% and a return on equity of 19.41%. Analysts predict that MINISO Group will post 1.12 EPS for the current fiscal year.

MINISO Group Company Profile

MINISO Group Holding Limited is a global value retailer that operates the MINISO brand of lifestyle product stores. The company offers a broad range of merchandise, including household goods, personal care products, beauty accessories, electronics, toys, stationery, food and beverages, fashion accessories, and seasonal products. Its retail model emphasizes affordable prices, frequent product updates, and collaborations with popular intellectual property brands.

Founded in 2013, MINISO has expanded from its origins in China into an international retail business.