MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $8.55 and last traded at $8.8310, with a volume of 1041752 shares traded. The stock had previously closed at $8.60.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. Wall Street Zen cut MINISO Group from a “hold” rating to a “sell” rating in a research note on Saturday, September 12th. China Intl Cap raised MINISO Group to a “strong-buy” rating in a research note on Monday, August 31st. Nomura cut MINISO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. HSBC reiterated a “hold” rating and issued a $10.80 price target on shares of MINISO Group in a report on Monday, August 31st. Finally, Weiss Ratings lowered MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, MINISO Group currently has an average rating of “Hold” and a consensus target price of $15.27.
Read Our Latest Report on MNSO
MINISO Group Stock Up 2.3%
MINISO Group (NYSE:MNSO – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a return on equity of 19.41% and a net margin of 5.32%.The business had revenue of $855.25 million for the quarter. On average, research analysts forecast 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
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP increased its stake in shares of MINISO Group by 5,641.7% in the 2nd quarter. Allworth Financial LP now owns 2,067 shares of the company’s stock valued at $25,000 after acquiring an additional 2,031 shares during the last quarter. Parallel Advisors LLC boosted its stake in 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 acquiring an additional 1,947 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in MINISO Group by 34.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,842 shares of the company’s stock worth $78,000 after acquiring an additional 1,251 shares during the last quarter. WINTON GROUP Ltd bought a new position in MINISO Group during the 2nd quarter worth approximately $140,000. Finally, Hantz Financial Services Inc. grew its holdings in MINISO Group by 70.6% during the fourth quarter. Hantz Financial Services Inc. now owns 8,680 shares of the company’s stock valued at $163,000 after purchasing an additional 3,593 shares during the period. Institutional investors 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.
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