Mackenzie Financial Corp Buys 14,278 Shares of 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 first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,620 shares of the company's stock after purchasing an additional 14,278 shares during the quarter. Mackenzie Financial Corp owned 0.06% of MINISO Group worth $3,562,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Infini Capital Management Ltd purchased a new position in MINISO Group during the first quarter worth about $289,000. Norges Bank bought a new position in shares of MINISO Group in the fourth quarter valued at approximately $2,839,000. The Manufacturers Life Insurance Company increased its position in shares of MINISO Group by 54.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 215,206 shares of the company's stock valued at $5,141,000 after acquiring an additional 75,697 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in 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 acquiring an additional 79,455 shares during the period. Finally, Caption Management LLC purchased a new position in MINISO Group in the fourth quarter worth $516,000. Institutional investors own 17.16% of the company's stock.

Analyst Ratings Changes

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

MINISO Group Stock Performance

NYSE:MNSO traded up $0.78 during trading hours on Monday, reaching $19.34. The stock had a trading volume of 521,255 shares, compared to its average volume of 1,150,321. The stock has a market cap of $6.05 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 1.09 and a beta of 0.16. The stock has a 50 day simple moving average of $18.08 and a 200 day simple moving average of $19.21. 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 Holding Limited Unsponsored ADR has a 12-month low of $12.51 and a 12-month high of $27.71.

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