Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO – Get Free Report) have received a consensus rating of “Hold” from the six research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $21.7333.
A number of brokerages have issued reports on MNSO. Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings lowered MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 25th. Wall Street Zen upgraded MINISO Group from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Finally, JPMorgan Chase & Co. dropped their price objective on MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, May 29th.
Read Our Latest Stock Report on MINISO Group
MINISO Group Stock Performance
MINISO Group (NYSE:MNSO – Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.17). The company had revenue of $825.04 million during the quarter, compared to analysts’ expectations of $805.60 million. MINISO Group had a net margin of 9.03% and a return on equity of 18.98%. Analysts expect that MINISO Group will post 1.12 earnings per share for the current fiscal year.
Insider Buying and Selling at MINISO Group
In other MINISO Group news, VP Yunyun (Alice) Yang purchased 150,000 shares of MINISO Group stock in a transaction on Monday, June 1st. The shares were bought at an average price of $3.35 per share, with a total value of $502,500.00. Following the completion of the acquisition, the vice president directly owned 315,740,482 shares of the company’s stock, valued at approximately $1,057,730,614.70. This trade represents a 0.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Guofu Ye acquired 150,000 shares of MINISO Group stock in a transaction dated Monday, June 1st. The stock was bought at an average price of $3.35 per share, for a total transaction of $502,500.00. Following the completion of the transaction, the chief executive officer directly owned 315,740,482 shares of the company’s stock, valued at approximately $1,057,730,614.70. This represents a 0.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 4,200,000 shares of company stock worth $13,797,000 in the last three months. 73.50% of the stock is owned by corporate insiders.
Institutional Trading of MINISO Group
A number of hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted its holdings in shares of MINISO Group by 3.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 15,268 shares of the company’s stock valued at $344,000 after purchasing an additional 498 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of MINISO Group by 28.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock worth $56,000 after buying an additional 547 shares during the last quarter. American Century Companies Inc. raised its position 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 worth $2,427,000 after buying an additional 595 shares during the period. EverSource Wealth Advisors LLC raised its position 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 worth $41,000 after buying an additional 608 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in MINISO Group by 1.4% in the fourth quarter. Quadrant Capital Group LLC now owns 42,897 shares of the company’s stock valued at $804,000 after acquiring an additional 609 shares during the last quarter. 17.16% of the stock is owned by institutional investors and hedge funds.
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.
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