MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• MINISO Group has a consensus “Hold” rating among five analysts: two rate it a buy, two a hold and one a sell. The average 12-month price target is $16.60.
• Recent analyst sentiment has been mixed, with JPMorgan cutting its target to $16, HSBC maintaining a $10.80 target and hold rating, and Weiss Ratings downgrading the stock to sell.
• MNSO opened at $10.33, near its 52-week low of $10.01 and well below its 52-week high of $25.92. The company reported quarterly EPS of $0.26 on revenue of $855.25 million, while institutional investors own 17.16% of its shares.

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

MNSO has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their price target 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 lowered shares of MINISO Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, June 25th. Zacks Research upgraded MINISO Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 28th. HSBC reissued a "hold" rating and issued a $10.80 price objective on shares of MINISO Group in a research note on Monday. Finally, Wall Street Zen downgraded MINISO Group from a "buy" rating to a "hold" rating in a report on Saturday.

Hedge Funds Weigh In On MINISO Group

Several institutional investors have recently made changes to their positions in MNSO. Caitong International Asset Management Co. Ltd bought a new stake in shares of MINISO Group in the third quarter valued at about $25,000. Parallel Advisors LLC grew its holdings in MINISO Group by 794.7% during the 1st quarter. Parallel Advisors LLC now owns 2,192 shares of the company's stock worth $36,000 after acquiring an additional 1,947 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in MINISO Group by 37.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company's stock valued at $41,000 after purchasing an additional 608 shares during the period. PNC Financial Services Group Inc. increased its position 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 during the period. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of MINISO Group in the 4th quarter valued at about $126,000. Hedge funds and other institutional investors own 17.16% of the company's stock.

MINISO Group Price Performance

MNSO opened at $10.33 on Monday. The business has a fifty day moving average of $11.91 and a 200 day moving average of $14.32. The stock has a market cap of $3.20 billion, a P/E ratio of 17.81, a PEG ratio of 1.28 and a beta of 0.11. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.76. MINISO Group has a 52-week low of $10.01 and a 52-week high of $25.92.

MINISO Group (NYSE:MNSO - Get Free Report) last released its 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 for the quarter. MINISO Group had a return on equity of 19.40% and a net margin of 5.32%. As a group, sell-side analysts anticipate that MINISO Group will post 1.12 EPS for the current year.

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.

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