MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Stock Has Consensus Price Target of $15.27 According to Brokerages

Key Points

• Analyst consensus is “Hold” for MINISO, with eight analysts issuing ratings: one sell, four holds, two buys and one strong buy.
• The average 12-month price target is $15.27, while the stock recently opened at $8.93 and has traded between $8.55 and $23.55 over the past year.
• MINISO reported quarterly earnings of $0.26 per share on revenue of $855.25 million; institutional investors own 17.16% of the company.

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report) have earned a consensus recommendation of "Hold" from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $15.27.

MNSO has been the topic of several analyst reports. Zacks Research raised MINISO Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 28th. Weiss Ratings reissued a "sell (d+)" rating on shares of MINISO Group in a research report on Tuesday. China Intl Cap raised shares of MINISO Group to a "strong-buy" rating in a research report on Monday, August 31st. Nomura cut MINISO Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 31st. Finally, HSBC reissued a "hold" rating and issued a $10.80 price objective on shares of MINISO Group in a report on Monday, August 31st.

MINISO Group Stock Performance

MNSO opened at $8.93 on Friday. The stock has a market cap of $2.71 billion, a PE ratio of 15.39 and a beta of 0.10. The company has a current ratio of 1.57, a quick ratio of 1.18 and a debt-to-equity ratio of 0.94. MINISO Group has a 1 year low of $8.55 and a 1 year high of $23.55. The stock's 50 day simple moving average is $10.91 and its 200-day simple moving average is $13.05.

MINISO Group (NYSE:MNSO - Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.26 earnings per share for the quarter. The firm 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%. Sell-side analysts forecast that MINISO Group will post 1.12 EPS for the current year.

Institutional Trading of MINISO Group

A number of hedge funds and other institutional investors have recently modified their holdings of MNSO. XY Capital Ltd bought a new stake in shares of MINISO Group during the first quarter worth about $2,841,000. Hsbc Holdings PLC grew its holdings in MINISO Group by 243.5% during the 1st quarter. Hsbc Holdings PLC now owns 298,482 shares of the company's stock worth $4,844,000 after acquiring an additional 211,587 shares during the period. Parallel Advisors LLC grew its stake in MINISO Group by 794.7% during the first quarter. Parallel Advisors LLC now owns 2,192 shares of the company's stock worth $36,000 after purchasing an additional 1,947 shares during the period. WINTON GROUP Ltd bought a new stake in shares of MINISO Group in the 2nd quarter valued at $140,000. Finally, Allworth Financial LP increased its stake in MINISO Group by 5,641.7% in 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. Institutional investors 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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