Analysts Set MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) PT at $21.73

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) has earned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $21.7333.

A number of equities analysts have commented on MNSO shares. Wall Street Zen upgraded shares of MINISO Group from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. JPMorgan Chase & Co. cut their target price on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Weiss Ratings restated a “hold (c)” rating on shares of MINISO Group in a research note on Friday, March 27th. Finally, Zacks Research lowered shares of MINISO Group from a “hold” rating to a “strong sell” rating in a research note on Monday, June 15th.

Insider Transactions at MINISO Group

In related news, VP Yunyun (Alice) Yang bought 150,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were acquired at an average price of $3.35 per share, for a total transaction of $502,500.00. Following the purchase, the vice president owned 315,740,482 shares in the company, valued at $1,057,730,614.70. This trade represents a 0.05% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Guofu Ye bought 150,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was bought at an average price of $3.35 per share, for a total transaction of $502,500.00. Following the purchase, the chief executive officer owned 315,740,482 shares in the company, valued at approximately $1,057,730,614.70. This represents a 0.05% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 4,200,000 shares of company stock worth $13,797,000. Company insiders own 73.50% of the company’s stock.

Institutional Investors Weigh In On MINISO Group

Institutional investors have recently modified their holdings of the stock. Long Corridor Asset Management Ltd bought a new stake in shares of MINISO Group during the 3rd quarter valued at about $2,368,000. Fox Run Management L.L.C. bought a new stake in shares of MINISO Group during the 3rd quarter valued at about $1,275,000. WFM ASIA BVI Ltd bought a new stake in shares of MINISO Group during the 3rd quarter valued at about $35,624,000. Persistent Asset Partners Ltd bought a new stake in shares of MINISO Group during the 3rd quarter valued at about $948,000. Finally, Keystone Investors PTE Ltd. grew its position in shares of MINISO Group by 32.2% during the 3rd quarter. Keystone Investors PTE Ltd. now owns 192,100 shares of the company’s stock valued at $4,322,000 after buying an additional 46,800 shares during the last quarter. Institutional investors and hedge funds own 17.16% of the company’s stock.

MINISO Group Stock Performance

Shares of MNSO stock opened at $11.94 on Tuesday. MINISO Group has a 12 month low of $11.86 and a 12 month high of $26.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.53 and a quick ratio of 1.14. The firm has a market capitalization of $3.70 billion, a P/E ratio of 12.70, a P/E/G ratio of 1.48 and a beta of 0.08. The company’s fifty day moving average price is $14.10 and its two-hundred day moving average price is $16.99.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.18). MINISO Group had a return on equity of 18.98% and a net margin of 9.03%.The firm had revenue of $825.04 million during the quarter, compared to analyst estimates of $805.60 million. On average, research analysts anticipate that MINISO Group will post 1.12 earnings per share for the current fiscal year.

MINISO Group Announces Dividend

The business also recently announced a dividend, which was paid on Monday, May 4th. Stockholders of record on Monday, April 20th were paid a $0.3764 dividend. This represents a dividend yield of 479.0%. The ex-dividend date was Monday, April 20th. MINISO Group’s dividend payout ratio is 77.66%.

About MINISO Group

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.