MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) have been given an average recommendation of “Hold” by the eight research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $15.27.

MNSO has been the topic of several research reports. Wall Street Zen raised shares of MINISO Group from a “sell” rating to a “hold” rating in a report on Saturday, September 26th. China Intl Cap raised shares of MINISO Group to a “strong-buy” rating in a research note on Monday, August 31st. Nomura lowered MINISO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Zacks Research raised MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings cut MINISO Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday.

MINISO Group Stock Down 0.5%

Shares of MINISO Group stock opened at $9.98 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.57 and a quick ratio of 1.18. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 17.22 and a beta of 0.16. The firm’s 50-day moving average is $9.70 and its two-hundred day moving average is $13.90. MINISO Group has a 1 year low of $8.55 and a 1 year high of $22.82.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.26 EPS for the quarter. MINISO Group had a net margin of 5.32% and a return on equity of 19.41%. The business had revenue of $855.25 million during the quarter. As a group, research analysts expect that MINISO Group will post 1.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MINISO Group

A number of hedge funds have recently made changes to their positions in MNSO. Allworth Financial LP boosted its position in MINISO Group by 5,641.7% during the second quarter. Allworth Financial LP now owns 2,067 shares of the company’s stock valued at $25,000 after purchasing an additional 2,031 shares in the last quarter. Parallel Advisors LLC grew its stake in MINISO Group by 794.7% in the first quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock valued at $36,000 after purchasing an additional 1,947 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in MINISO Group by 34.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,842 shares of the company’s stock valued at $78,000 after purchasing an additional 1,251 shares during the last quarter. WINTON GROUP Ltd purchased a new position in MINISO Group in the second quarter valued at about $140,000. Finally, Sequoia Financial Advisors LLC bought a new position in MINISO Group in the second quarter worth about $200,000. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

MINISO Group Company Profile

MINISO Group Holding Limited is a global value retailer that designs, develops, and sells a broad range of lifestyle products. Its offerings include household goods, personal care products, cosmetics, accessories, electronics accessories, stationery, toys, food, and seasonal merchandise, generally emphasizing affordable prices, practical design, and frequent product refreshes.

The company operates primarily through the MINISO brand, which is supported by a combination of directly operated and partner-operated stores.