MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Receives $25.13 Average Price Target from Analysts

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) have earned an average rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $25.1250.

Several research firms have issued reports on MNSO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MINISO Group in a report on Monday, December 29th. Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Deutsche Bank Aktiengesellschaft started coverage on MINISO Group in a report on Tuesday, November 25th. They issued a “buy” rating and a $23.00 price objective on the stock.

MINISO Group Stock Up 0.8%

MINISO Group stock opened at $19.25 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.26. The stock has a market capitalization of $5.96 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 1.36 and a beta of 0.13. The business has a 50 day simple moving average of $19.41 and a 200-day simple moving average of $21.08. MINISO Group has a 12 month low of $13.94 and a 12 month high of $26.74.

Institutional Investors Weigh In On MINISO Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP raised its position in shares of 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 buying an additional 270,765 shares during the last quarter. WFM ASIA BVI Ltd purchased a new stake in MINISO Group during the 3rd quarter valued at about $35,624,000. Serenity Capital Management PTE. LTD. raised its holdings in MINISO Group by 149.8% in the 2nd quarter. Serenity Capital Management PTE. LTD. now owns 1,157,662 shares of the company’s stock valued at $21,093,000 after acquiring an additional 694,212 shares during the last quarter. HCEP Management Ltd lifted its stake in MINISO Group by 2.4% in the 3rd quarter. HCEP Management Ltd now owns 998,251 shares of the company’s stock worth $22,461,000 after purchasing an additional 23,300 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in MINISO Group by 167.5% in 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. 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.