Brokerages Set MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Target Price at $25.13

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $25.1250.

A number of research analysts have recently weighed in on the company. Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of MINISO Group in a report on Tuesday, November 25th. They set a “buy” rating and a $23.00 target price for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of MINISO Group in a research report on Monday, December 29th.

Institutional Investors Weigh In On MINISO Group

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in MINISO Group by 66.4% during the first quarter. Royal Bank of Canada now owns 26,928 shares of the company’s stock worth $498,000 after buying an additional 10,747 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of MINISO Group by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 315,424 shares of the company’s stock valued at $5,832,000 after acquiring an additional 5,086 shares during the last quarter. Nordea Investment Management AB increased its position in MINISO Group by 5.7% during the 2nd quarter. Nordea Investment Management AB now owns 397,322 shares of the company’s stock worth $7,215,000 after purchasing an additional 21,299 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in MINISO Group in the 2nd quarter valued at about $326,000. Finally, Hantz Financial Services Inc. lifted its holdings in MINISO Group by 3,465.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,139 shares of the company’s stock valued at $39,000 after purchasing an additional 2,079 shares in the last quarter. Institutional investors and hedge funds own 17.16% of the company’s stock.

MINISO Group Price Performance

Shares of NYSE:MNSO opened at $19.25 on Wednesday. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 1.34 and a beta of 0.13. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.26. The business’s 50 day simple moving average is $19.41 and its 200-day simple moving average is $21.06. MINISO Group has a 12 month low of $13.94 and a 12 month high of $26.74.

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.