Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO – Get Free Report) have been given an average recommendation of “Hold” by the eight research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $15.2750.
A number of brokerages have commented on MNSO. China Intl Cap raised MINISO Group to a “strong-buy” rating in a report on Monday, August 31st. HSBC reissued a “hold” rating and set a $10.80 target price on shares of MINISO Group in a report on Monday, August 31st. Citigroup downgraded shares of MINISO Group from a “buy” rating to a “neutral” rating and set a $11.30 price target on the stock. in a research note on Monday, August 31st. JPMorgan Chase & Co. lowered their price target on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Finally, Zacks Research upgraded shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th.
MINISO Group Stock Performance
MINISO Group (NYSE:MNSO – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported $0.26 earnings per share for the quarter. The company had revenue of $855.25 million for the quarter. MINISO Group had a return on equity of 19.41% and a net margin of 5.32%. As a group, analysts predict that MINISO Group will post 1.12 earnings per share for the current year.
Institutional Investors Weigh In On MINISO Group
A number of large investors have recently added to or reduced their stakes in the stock. Serenity Capital Management PTE. LTD. boosted its stake in shares of MINISO Group by 74.9% in the 4th quarter. Serenity Capital Management PTE. LTD. now owns 2,024,455 shares of the company’s stock valued at $37,959,000 after purchasing an additional 866,793 shares in the last quarter. Millennium Management LLC increased its position in MINISO Group by 167.5% during the 3rd quarter. Millennium Management LLC now owns 971,884 shares of the company’s stock worth $21,867,000 after purchasing an additional 608,544 shares in the last quarter. Tiger Pacific Capital LP bought a new position in MINISO Group in the 3rd quarter valued at approximately $6,300,000. Marshall Wace LLP lifted its stake in MINISO Group by 15.8% in the 4th quarter. Marshall Wace LLP now owns 1,981,202 shares of the company’s stock valued at $37,148,000 after purchasing an additional 270,765 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position 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 buying an additional 211,587 shares in the last quarter. Institutional investors and hedge funds own 17.16% of the company’s stock.
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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