MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO – Get Free Report) gapped up prior to trading on Friday. The stock had previously closed at $9.07, but opened at $9.47. MINISO Group shares last traded at $9.5550, with a volume of 275,858 shares traded.
Wall Street Analyst Weigh In
Several research firms have issued reports on MNSO. Citigroup cut MINISO Group from a “buy” rating to a “neutral” rating and set a $11.30 price target on the stock. in a report on Monday, August 31st. HSBC restated a “hold” rating and issued a $10.80 target price on shares of MINISO Group in a report on Monday, August 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MINISO Group in a research report on Tuesday, September 22nd. Wall Street Zen raised MINISO Group from a “sell” rating to a “hold” rating in a report on Saturday, September 26th. Finally, Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, MINISO Group presently has a consensus rating of “Hold” and a consensus price target of $15.27.
Check Out Our Latest Report on MINISO Group
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 (EPS) for the quarter. The company had revenue of $855.25 million during the quarter. MINISO Group had a return on equity of 19.41% and a net margin of 5.32%. On average, equities research analysts expect that MINISO Group Holding Limited Unsponsored ADR will post 1.12 earnings per share for the current fiscal year.
Hedge Funds Weigh In On MINISO Group
Large investors have recently made changes to their positions in the business. Hsbc Holdings PLC grew its position in MINISO Group by 243.5% during the first quarter. Hsbc Holdings PLC now owns 298,482 shares of the company’s stock valued at $4,844,000 after purchasing an additional 211,587 shares in the last quarter. XY Capital Ltd purchased a new stake in MINISO Group in the 1st quarter worth approximately $2,841,000. Renaissance Technologies LLC purchased a new stake in MINISO Group in the 1st quarter worth approximately $478,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of MINISO Group during the 4th quarter valued at $243,000. Finally, Nykredit A S purchased a new position in shares of MINISO Group during the 2nd quarter valued at $242,000. Institutional investors and hedge funds own 17.16% of the company’s stock.
MINISO Group Company Profile
MINISO Group Holding Limited is a global value retailer that operates the MINISO brand of lifestyle product stores. The company offers a broad range of merchandise, including household goods, personal care products, beauty accessories, electronics, toys, stationery, food and beverages, fashion accessories, and seasonal products. Its retail model emphasizes affordable prices, frequent product updates, and collaborations with popular intellectual property brands.
Founded in 2013, MINISO has expanded from its origins in China into an international retail business.
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