Analysts Set MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Price Target at $24.60

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) has been assigned an average rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $24.60.

A number of equities analysts have issued reports on the stock. Zacks Research upgraded shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of MINISO Group in a report on Friday, March 27th.

Institutional Investors Weigh In On MINISO Group

A number of large investors have recently made changes to their positions in the business. Long Corridor Asset Management Ltd bought a new position in shares of MINISO Group during the third quarter valued at approximately $2,368,000. Marshall Wace LLP boosted its holdings in MINISO Group by 131.1% in the second quarter. Marshall Wace LLP now owns 1,776,960 shares of the company’s stock valued at $32,376,000 after acquiring an additional 1,008,048 shares in the last quarter. Serenity Capital Management PTE. LTD. boosted its holdings in MINISO Group by 149.8% in the second quarter. Serenity Capital Management PTE. LTD. now owns 1,157,662 shares of the company’s stock valued at $21,093,000 after acquiring an additional 694,212 shares in the last quarter. WFM ASIA BVI Ltd purchased a new position in MINISO Group during the 3rd quarter valued at $35,624,000. Finally, Fox Run Management L.L.C. bought a new position in MINISO Group in the 3rd quarter worth $1,275,000. 17.16% of the stock is currently owned by institutional investors.

MINISO Group Stock Up 0.0%

Shares of MINISO Group stock opened at $16.07 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.26 and a current ratio of 1.65. MINISO Group has a 52-week low of $13.94 and a 52-week high of $26.74. The company’s 50 day moving average price is $17.83 and its 200-day moving average price is $19.78. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 29.75, a P/E/G ratio of 1.77 and a beta of 0.25.

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.