MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Receives Average Recommendation of “Hold” from Analysts

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) has received an average recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $24.60.

MNSO has been the topic of a number of recent analyst reports. Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Weiss Ratings reissued a “hold (c)” rating on shares of MINISO Group in a report on Friday, March 27th.

Hedge Funds Weigh In On MINISO Group

A number of large investors have recently added to or reduced their stakes in MNSO. Ameriprise Financial Inc. raised its stake in MINISO Group by 3.4% during the third quarter. Ameriprise Financial Inc. now owns 15,268 shares of the company’s stock worth $344,000 after purchasing an additional 498 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of MINISO Group by 28.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock valued at $56,000 after buying an additional 547 shares during the period. American Century Companies Inc. grew its stake in shares of MINISO Group by 0.4% in the 2nd quarter. American Century Companies Inc. now owns 133,224 shares of the company’s stock valued at $2,427,000 after buying an additional 595 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of MINISO Group by 37.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock valued at $41,000 after buying an additional 608 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of MINISO Group by 1.4% in the 4th quarter. Quadrant Capital Group LLC now owns 42,897 shares of the company’s stock valued at $804,000 after buying an additional 609 shares during the period. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Price Performance

NYSE:MNSO opened at $12.62 on Friday. The firm’s fifty day moving average is $15.18 and its two-hundred day moving average is $17.82. MINISO Group has a one year low of $12.30 and a one year high of $26.74. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 1.18 and a beta of 0.14. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.23 and a current ratio of 1.66.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.18). MINISO Group had a return on equity of 19.28% and a net margin of 9.03%.The firm had revenue of $825.04 million for the quarter, compared to analysts’ expectations of $805.60 million. Research analysts expect that MINISO Group will post 1.47 EPS for the current year.

MINISO Group Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, May 4th. Shareholders of record on Monday, April 20th were given a dividend of $0.3764 per share. The ex-dividend date was Monday, April 20th. This represents a yield of 479.0%. MINISO Group’s dividend payout ratio is currently 135.19%.

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.