Mackenzie Financial Corp Raises Stock Position in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO)

Key Points

• Mackenzie Financial Corp has increased its stake in MINISO Group by 8.0%, now holding 192,620 shares valued at approximately $3.56 million.
• MINISO Group's latest earnings report showed an EPS of $0.19, significantly below the consensus estimate of $2.04, along with revenue of $609.87 million against expectations of $4.35 billion.
• Deutsche Bank has issued a "hold" rating with a target price of $20.00, while the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.53.

Mackenzie Financial Corp raised its holdings in shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 192,620 shares of the company's stock after acquiring an additional 14,278 shares during the quarter. Mackenzie Financial Corp owned approximately 0.06% of MINISO Group worth $3,562,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the business. Infini Capital Management Ltd acquired a new position in shares of MINISO Group in the 1st quarter valued at $289,000. Norges Bank bought a new stake in MINISO Group during the fourth quarter valued at $2,839,000. The Manufacturers Life Insurance Company lifted its holdings in shares of MINISO Group by 54.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 215,206 shares of the company's stock worth $5,141,000 after purchasing an additional 75,697 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of MINISO Group by 78.0% during the fourth quarter. Hsbc Holdings PLC now owns 181,328 shares of the company's stock worth $4,342,000 after buying an additional 79,455 shares during the period. Finally, Caption Management LLC bought a new stake in shares of MINISO Group during the 4th quarter worth about $516,000. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $20.00 target price on shares of MINISO Group in a report on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.53.

MINISO Group Trading Up 0.5%

Shares of NYSE:MNSO traded up $0.09 during midday trading on Wednesday, hitting $19.70. 212,311 shares of the stock were exchanged, compared to its average volume of 1,139,796. The business's 50-day moving average price is $18.14 and its 200 day moving average price is $19.18. MINISO Group Holding Limited Unsponsored ADR has a 12 month low of $12.51 and a 12 month high of $27.71. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 17.74, a P/E/G ratio of 1.14 and a beta of 0.16. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.54 and a current ratio of 1.99.

MINISO Group (NYSE:MNSO - Get Free Report) last posted its quarterly earnings data on Friday, May 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.04 by ($1.85). The firm had revenue of $609.87 million for the quarter, compared to analysts' expectations of $4.35 billion. MINISO Group had a return on equity of 24.23% and a net margin of 13.85%. Analysts predict that MINISO Group Holding Limited Unsponsored ADR will post 1.19 earnings per share for the current year.

MINISO Group Profile

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.