Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO – Get Free Report) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.27.
MNSO has been the topic of several recent research reports. Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Citigroup downgraded MINISO Group from a “buy” rating to a “neutral” rating and set a $11.30 price target on the stock. in a research report on Monday, August 31st. China Intl Cap upgraded MINISO Group to a “strong-buy” rating in a research note on Monday, August 31st. Weiss Ratings reissued a “sell (d+)” rating on shares of MINISO Group in a report on Tuesday, September 22nd. Finally, Wall Street Zen raised MINISO Group from a “sell” rating to a “hold” rating in a report on Saturday, September 26th.
Read Our Latest Stock Analysis on MNSO
MINISO Group Stock Up 0.5%
MNSO stock opened at $10.24 on Tuesday. The company has a market capitalization of $3.11 billion, a P/E ratio of 17.66 and a beta of 0.16. MINISO Group has a 12 month low of $8.55 and a 12 month high of $22.82. The firm’s fifty day simple moving average is $9.84 and its 200-day simple moving average is $12.20. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.57 and a quick ratio of 1.18.
MINISO Group (NYSE:MNSO – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a net margin of 5.32% and a return on equity of 19.41%. The firm had revenue of $855.25 million during the quarter. As a group, equities research analysts forecast that MINISO Group will post 1.12 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC acquired a new position in MINISO Group in the second quarter valued at approximately $200,000. WINTON GROUP Ltd purchased a new stake in MINISO Group in the 2nd quarter worth approximately $140,000. Allworth Financial LP boosted its position in MINISO Group by 5,641.7% in the 2nd quarter. Allworth Financial LP now owns 2,067 shares of the company’s stock worth $25,000 after purchasing an additional 2,031 shares in the last quarter. Nykredit A S purchased a new stake in MINISO Group in the 2nd quarter worth approximately $242,000. Finally, Parallel Advisors LLC grew its stake in shares of MINISO Group by 794.7% during the 1st 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 period. 17.16% of the stock is currently owned by hedge funds and other institutional investors.
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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