Wall Street Zen Downgrades MINISO Group (NYSE:MNSO) to Sell

Key Points

• Wall Street Zen downgraded MINISO Group from “Hold” to “Sell,” adding to mixed analyst opinions. MarketBeat’s consensus rating remains “Hold,” with an average price target of $15.27.
• MNSO opened at $9.07, near its 52-week low of $9.01 and well below its 52-week high of $25.55. The stock’s 50-day and 200-day moving averages were $11.46 and $13.66, respectively.
• MINISO reported quarterly earnings of $0.26 per share on $855.25 million in revenue, with a 5.32% net margin and 19.41% return on equity. Institutional investors own 17.16% of the company.

MINISO Group (NYSE:MNSO - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday, Wall Street Zen reports.

MNSO has been the topic of a number of other reports. Nomura cut MINISO Group from a "strong-buy" rating to a "hold" rating in a report on Monday, August 31st. HSBC reissued a "hold" rating and set a $10.80 target price on shares of MINISO Group in a research note on Monday, August 31st. China Intl Cap upgraded MINISO Group to a "strong-buy" rating in a research report on Monday, August 31st. Weiss Ratings cut MINISO Group from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, June 25th. Finally, Zacks Research upgraded MINISO Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $15.27.

MINISO Group Stock Performance

NYSE:MNSO opened at $9.07 on Friday. 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 firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 15.64 and a beta of 0.10. The company's 50-day moving average is $11.46 and its two-hundred day moving average is $13.66. MINISO Group has a 1-year low of $9.01 and a 1-year high of $25.55.

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 for the quarter. The business had revenue of $855.25 million during the quarter. MINISO Group had a net margin of 5.32% and a return on equity of 19.41%. Analysts forecast that MINISO Group will post 1.12 EPS for the current year.

Institutional Trading of MINISO Group

Several institutional investors have recently added to or reduced their stakes in MNSO. Serenity Capital Management PTE. LTD. lifted its stake in MINISO Group by 74.9% during the fourth quarter. Serenity Capital Management PTE. LTD. now owns 2,024,455 shares of the company's stock worth $37,959,000 after purchasing an additional 866,793 shares in the last quarter. Marshall Wace LLP boosted its position in shares of MINISO Group by 15.8% during the fourth quarter. Marshall Wace LLP now owns 1,981,202 shares of the company's stock worth $37,148,000 after buying an additional 270,765 shares during the period. Orbis Allan Gray Ltd grew its stake in shares of MINISO Group by 0.7% in the fourth quarter. Orbis Allan Gray Ltd now owns 1,792,873 shares of the company's stock valued at $33,616,000 after buying an additional 12,468 shares in the last quarter. Millennium Management LLC grew its stake in shares of MINISO Group by 38.3% in the fourth quarter. Millennium Management LLC now owns 1,344,121 shares of the company's stock valued at $25,202,000 after buying an additional 372,237 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of MINISO Group by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 315,424 shares of the company's stock valued at $5,832,000 after buying an additional 5,086 shares during the period. Institutional investors and hedge funds 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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