MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) have earned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $25.1250.

A number of research analysts have recently issued reports on MNSO shares. Deutsche Bank Aktiengesellschaft began coverage on MINISO Group in a report on Tuesday, November 25th. They set a “buy” rating and a $23.00 price target on the stock. Zacks Research downgraded shares of MINISO Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of MINISO Group in a research note on Monday, December 29th.

Hedge Funds Weigh In On MINISO Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of MINISO Group in the 3rd quarter worth $25,000. PNC Financial Services Group Inc. lifted its holdings in MINISO Group by 141.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,933 shares of the company’s stock valued at $35,000 after acquiring an additional 1,131 shares during the period. Hantz Financial Services Inc. boosted its position in MINISO Group by 3,465.0% in the second quarter. Hantz Financial Services Inc. now owns 2,139 shares of the company’s stock worth $39,000 after purchasing an additional 2,079 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of MINISO Group by 37.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock valued at $41,000 after purchasing an additional 608 shares during the period. Finally, GFG Capital LLC purchased a new stake in shares of MINISO Group during the 2nd quarter valued at about $58,000. 17.16% of the stock is owned by institutional investors.

MINISO Group Stock Performance

MNSO stock opened at $19.85 on Friday. The stock’s 50 day simple moving average is $19.68 and its 200 day simple moving average is $20.98. The company has a current ratio of 1.65, a quick ratio of 1.26 and a debt-to-equity ratio of 0.73. MINISO Group has a 12-month low of $13.94 and a 12-month high of $26.74. The stock has a market capitalization of $6.14 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.41 and a beta of 0.09.

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.