MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $8.89 and last traded at $8.8550, with a volume of 119862 shares traded. The stock had previously closed at $9.07.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. China Intl Cap raised shares of MINISO Group to a “strong-buy” rating in a research note on Monday, August 31st. HSBC reissued a “hold” rating and issued a $10.80 target price on shares of MINISO Group in a research report on Monday, August 31st. JPMorgan Chase & Co. lowered their target price on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Weiss Ratings lowered shares of MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 25th. Finally, Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $15.27.
Check Out Our Latest Research Report on MNSO
MINISO Group Stock Down 0.2%
MINISO Group (NYSE:MNSO – Get Free Report) last posted 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. On average, equities 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
Several hedge funds and other institutional investors have recently made changes to their positions in MNSO. XY Capital Ltd purchased a new position in MINISO Group in the first quarter valued at about $2,841,000. Hsbc Holdings PLC grew its stake in shares of 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. WINTON GROUP Ltd purchased a new stake in shares of MINISO Group during the 2nd quarter valued at about $140,000. Allworth Financial LP lifted its position in MINISO Group by 5,641.7% during the 2nd quarter. Allworth Financial LP now owns 2,067 shares of the company’s stock worth $25,000 after acquiring an additional 2,031 shares in the last quarter. Finally, Nykredit A S acquired a new position in MINISO Group during the 2nd quarter worth approximately $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 designs, sources and sells a broad range of lifestyle products under the MINISO brand. Its merchandise includes household goods, personal accessories, beauty and personal-care products, electronics, toys, stationery, food and other everyday consumer items. The company emphasizes affordable pricing, frequent product updates and collaborations with well-known intellectual property brands.
MINISO also operates TOP TOY, a brand focused on collectible toys and related products.
Featured Stories
- Five stocks we like better than MINISO Group
- 3 Luxury Consumer Brands to Watch in a Beaten-Down Sector
- Jackson’s Record Quarter Powers the Bull Case
- Holiday Shopping Is Almost Here—And Target May Be Ready to Win Big
- AI Panic Hit Tech Stocks—But NVIDIA’s Growth Engine Is Intact
Receive News & Ratings for MINISO Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MINISO Group and related companies with MarketBeat.com's FREE daily email newsletter.
