MINISO Group (NYSE:MNSO) Cut to Hold at Wall Street Zen

MINISO Group (NYSE:MNSOGet Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

MNSO has been the subject of several other research reports. Zacks Research raised MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. lowered their price target on MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Finally, Weiss Ratings lowered MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.50.

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MINISO Group Trading Down 4.4%

Shares of MNSO stock traded down $0.48 during trading hours on Friday, reaching $10.33. 2,133,958 shares of the stock traded hands, compared to its average volume of 694,409. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $3.20 billion, a PE ratio of 10.99, a PEG ratio of 1.34 and a beta of 0.11. MINISO Group has a 1-year low of $10.01 and a 1-year high of $25.92. The business has a fifty day moving average price of $11.91 and a 200 day moving average price of $14.36.

MINISO Group (NYSE:MNSOGet Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.26 EPS for the quarter. MINISO Group had a net margin of 9.03% and a return on equity of 18.98%. The firm had revenue of $855.25 million during the quarter. On average, equities research analysts forecast that MINISO Group will post 1.12 EPS for the current year.

Insider Activity at MINISO Group

In related news, VP Yunyun (Alice) Yang bought 150,000 shares of the business’s stock in a transaction on 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 transaction, the vice president directly owned 315,740,482 shares in the company, valued at $1,057,730,614.70. This represents a 0.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Guofu Ye bought 150,000 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were bought at an average cost of $3.35 per share, with a total value of $502,500.00. Following the purchase, the chief executive officer directly owned 315,740,482 shares in the company, valued at approximately $1,057,730,614.70. This trade represents a 0.05% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 73.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Serenity Capital Management PTE. LTD. raised its stake in shares of MINISO Group by 74.9% during the 4th quarter. Serenity Capital Management PTE. LTD. now owns 2,024,455 shares of the company’s stock worth $37,959,000 after purchasing an additional 866,793 shares in the last quarter. Millennium Management LLC increased its holdings in MINISO Group by 167.5% in the third quarter. Millennium Management LLC now owns 971,884 shares of the company’s stock worth $21,867,000 after buying an additional 608,544 shares during the last quarter. Tiger Pacific Capital LP bought a new position in MINISO Group during the third quarter valued at approximately $6,300,000. Marshall Wace LLP lifted its stake in MINISO Group by 15.8% in the fourth quarter. Marshall Wace LLP now owns 1,981,202 shares of the company’s stock valued at $37,148,000 after acquiring an additional 270,765 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in MINISO Group by 243.5% in the first quarter. Hsbc Holdings PLC now owns 298,482 shares of the company’s stock valued at $4,844,000 after acquiring an additional 211,587 shares during the last quarter. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Company Profile

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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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