MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Given Consensus Rating of “Hold” by Brokerages

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) has been assigned an average recommendation of “Hold” from the five ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $16.60.

A number of equities research analysts recently weighed in on MNSO shares. Wall Street Zen cut MINISO Group from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings downgraded shares of MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 25th. HSBC reissued a “hold” rating and set a $10.80 price target on shares of MINISO Group in a research report on Monday. Finally, JPMorgan Chase & Co. lowered their price target on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, May 29th.

MINISO Group Price Performance

MINISO Group stock opened at $10.33 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.76. The firm has a market cap of $3.20 billion, a P/E ratio of 17.81, a P/E/G ratio of 1.28 and a beta of 0.11. The business has a fifty day moving average of $11.91 and a two-hundred day moving average of $14.32. MINISO Group has a twelve month low of $10.01 and a twelve month high of $25.92.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.26 earnings per share (EPS) for the quarter. The business had revenue of $855.25 million for the quarter. MINISO Group had a return on equity of 19.40% and a net margin of 5.32%. On average, analysts forecast that MINISO Group will post 1.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MINISO Group

Several institutional investors have recently bought and sold shares of MNSO. Ameriprise Financial Inc. boosted its stake in MINISO Group by 3.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 15,268 shares of the company’s stock worth $344,000 after purchasing an additional 498 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in MINISO Group by 28.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock valued at $56,000 after purchasing an additional 547 shares in the last quarter. American Century Companies Inc. increased its stake in MINISO Group by 0.4% during the 2nd quarter. American Century Companies Inc. now owns 133,224 shares of the company’s stock valued at $2,427,000 after purchasing an additional 595 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of MINISO Group by 37.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock worth $41,000 after buying an additional 608 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of MINISO Group by 1.4% in the fourth quarter. Quadrant Capital Group LLC now owns 42,897 shares of the company’s stock worth $804,000 after buying an additional 609 shares during the last quarter. 17.16% of the stock is currently owned by institutional investors and hedge funds.

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.