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

Key Points

• Analysts have a consensus “Hold” rating on MINISO, based on eight firms: four Holds, two Buys, one Strong Buy, and one Sell. Their average 12-month price target is $15.27.
• MINISO shares recently traded at $11.21, below their 200-day moving average of $13.27; the stock’s 52-week range is $8.55 to $21.84.
• The company reported quarterly EPS of $0.26 and revenue of $855.25 million. Institutional investors and hedge funds own 17.16% of its shares.

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

Several analysts have recently weighed in on the company. China Intl Cap raised MINISO Group to a "strong-buy" rating in a report on Monday, August 31st. Nomura downgraded MINISO Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 31st. Wall Street Zen raised MINISO Group from a "sell" rating to a "hold" rating in a research report on Saturday, September 26th. 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 upgraded MINISO Group from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, November 4th.

Hedge Funds Weigh In On MINISO Group

Institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC raised its position in MINISO Group by 243.5% in the 1st quarter. Hsbc Holdings PLC now owns 298,482 shares of the company's stock valued at $4,844,000 after purchasing an additional 211,587 shares during the last quarter. XY Capital Ltd purchased a new position in MINISO Group during the 1st quarter worth $2,841,000. Renaissance Technologies LLC acquired a new position in MINISO Group in the first quarter valued at $478,000. Nykredit A S acquired a new position in MINISO Group in the second quarter valued at $242,000. Finally, Sequoia Financial Advisors LLC acquired a new position in MINISO Group in the second quarter valued at $200,000. 17.16% of the stock is owned by institutional investors and hedge funds.

MINISO Group Stock Performance

MNSO traded up $0.28 on Friday, reaching $11.21. The company had a trading volume of 743,984 shares, compared to its average volume of 1,108,191. MINISO Group has a 1 year low of $8.55 and a 1 year high of $21.84. The stock has a market capitalization of $3.40 billion, a PE ratio of 19.34 and a beta of 0.17. The company has a quick ratio of 1.18, a current ratio of 1.57 and a debt-to-equity ratio of 0.94. The stock has a 50-day moving average price of $9.70 and a 200-day moving average price of $13.27.

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

About MINISO Group

MINISO Group is a global lifestyle retailer founded in China in 2013. The company sells a broad range of affordable, design-focused consumer products, including home goods, personal-care items, cosmetics, toys, accessories, stationery and everyday essentials. MINISO offers products through its retail stores and online channels, serving customers in China and international markets. Its merchandise includes both in-house designs and products developed through collaborations with entertainment and consumer brands.

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