MINISO Group (NYSE:MNSO) Hits New 52-Week Low – What’s Next?

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSOGet Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $9.15 and last traded at $9.2250, with a volume of 477767 shares traded. The stock had previously closed at $9.36.

Wall Street Analyst Weigh In

MNSO has been the subject of several research reports. Weiss Ratings lowered MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. decreased their target price on MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Wall Street Zen lowered MINISO Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, HSBC reissued a “hold” rating and issued a $10.80 price objective on shares of MINISO Group in a research note on Monday, August 31st. One research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.27.

Read Our Latest Stock Report on MNSO

MINISO Group Trading Down 1.2%

The stock has a market cap of $2.86 billion, a PE ratio of 15.94 and a beta of 0.10. The company’s 50-day moving average price is $11.62 and its 200 day moving average price is $13.84. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.18 and a current ratio of 1.57.

MINISO Group (NYSE:MNSOGet Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.26 earnings per share (EPS) for the quarter. The firm 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, sell-side analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.12 EPS for the current fiscal year.

Institutional Investors Weigh In On MINISO Group

A number of institutional investors and hedge funds have recently made changes to their positions in MNSO. Serenity Capital Management PTE. LTD. grew its stake in shares of MINISO Group by 74.9% during the fourth 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 raised its stake in MINISO Group by 167.5% in the third quarter. Millennium Management LLC now owns 971,884 shares of the company’s stock valued at $21,867,000 after buying an additional 608,544 shares in the last quarter. Tiger Pacific Capital LP purchased a new stake in MINISO Group during the 3rd quarter worth about $6,300,000. Marshall Wace LLP lifted its holdings in MINISO Group by 15.8% during the 4th quarter. Marshall Wace LLP now owns 1,981,202 shares of the company’s stock worth $37,148,000 after buying an additional 270,765 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of MINISO Group by 243.5% during the 1st quarter. Hsbc Holdings PLC now owns 298,482 shares of the company’s stock worth $4,844,000 after acquiring an additional 211,587 shares in the last quarter. 17.16% of the stock is owned by hedge funds and other institutional investors.

About MINISO Group

(Get Free Report)

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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