Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO – Get Free Report) saw unusually-strong trading volume on Monday . 737,892 shares traded hands during mid-day trading, an increase of 23% from the previous session’s volume of 597,623 shares.The stock last traded at $9.4050 and had previously closed at $10.33.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Citigroup reaffirmed a “neutral” rating and set a $11.30 price target on shares of MINISO Group in a research note on Monday. HSBC reaffirmed a “hold” rating and issued a $10.80 price target on shares of MINISO Group in a report on Monday. Zacks Research raised MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. dropped their target price on MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Finally, Wall Street Zen lowered MINISO Group from a “buy” rating to a “hold” rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.27.
View Our Latest Research Report on MNSO
MINISO Group Stock Performance
MINISO Group (NYSE:MNSO – Get Free Report) last released its earnings results on Friday, August 14th. The company reported $0.26 earnings per share for the quarter. The business had revenue of $855.25 million for the quarter. MINISO Group had a return on equity of 19.40% and a net margin of 5.32%. Research analysts expect that MINISO Group Holding Limited Unsponsored ADR will post 1.12 EPS for the current year.
Hedge Funds Weigh In On MINISO Group
Large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new stake in MINISO Group during the 3rd quarter worth approximately $25,000. Parallel Advisors LLC raised its holdings in shares of MINISO Group by 794.7% during the first quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock worth $36,000 after purchasing an additional 1,947 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in MINISO Group by 37.6% during the second 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. PNC Financial Services Group Inc. grew its position in 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 purchasing an additional 547 shares during the period. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of MINISO Group during the 4th quarter valued at about $126,000. 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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