OLD Mission Capital LLC Invests $952,000 in MINISO Group Holding Limited Unsponsored ADR $MNSO

Key Points

• OLD Mission Capital LLC has acquired 51,491 shares of MINISO Group Holding Limited, representing an investment of approximately $952,000.
• Analysts have a generally positive outlook on MINISO Group, with ratings ranging from "Moderate Buy" to "Strong Buy" and an average price target of $24.86.
• MINISO Group recently reported disappointing earnings, with EPS of $0.22, falling significantly short of analysts' expectations of $1.74.

OLD Mission Capital LLC acquired a new position in shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 51,491 shares of the company's stock, valued at approximately $952,000.

Several other large investors also recently modified their holdings of the stock. Barclays PLC bought a new position in shares of MINISO Group during the 4th quarter worth about $36,000. Brooklyn Investment Group grew its stake in shares of MINISO Group by 579.4% in the 1st quarter. Brooklyn Investment Group now owns 1,651 shares of the company's stock valued at $31,000 after buying an additional 1,408 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of MINISO Group in the 1st quarter valued at about $74,000. Caitong International Asset Management Co. Ltd grew its stake in shares of MINISO Group by 884.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,719 shares of the company's stock valued at $106,000 after buying an additional 5,138 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of MINISO Group in the 4th quarter valued at about $231,000. Institutional investors and hedge funds own 17.16% of the company's stock.

Wall Street Analyst Weigh In

MNSO has been the subject of several research reports. Dbs Bank upgraded MINISO Group to a "moderate buy" rating in a research note on Friday, August 22nd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $20.00 target price on shares of MINISO Group in a research note on Tuesday, May 27th. Bank of America upgraded MINISO Group from an "underperform" rating to a "neutral" rating in a research note on Thursday, August 21st. Finally, Jefferies Financial Group upgraded MINISO Group from a "hold" rating to a "buy" rating and raised their target price for the company from $18.50 to $26.20 in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.86.

MINISO Group Stock Up 0.6%

NYSE MNSO traded up $0.14 on Friday, reaching $24.51. The company had a trading volume of 624,370 shares, compared to its average volume of 1,333,202. The company has a quick ratio of 1.50, a current ratio of 1.92 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $7.61 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.55 and a beta of 0.18. The company's fifty day moving average is $20.34 and its 200 day moving average is $19.15. MINISO Group Holding Limited Unsponsored ADR has a 52-week low of $12.51 and a 52-week high of $27.71.

MINISO Group (NYSE:MNSO - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($1.52). The firm had revenue of $692.93 million for the quarter, compared to analysts' expectations of $4.85 billion. MINISO Group had a return on equity of 22.60% and a net margin of 12.63%. Sell-side analysts anticipate that MINISO Group Holding Limited Unsponsored ADR will post 1.19 earnings per share for the current fiscal year.

MINISO Group Cuts Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.2896 per share. This represents a yield of 236.0%. The ex-dividend date of this dividend is Friday, September 5th. MINISO Group's payout ratio is currently 58.88%.

MINISO Group Company 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.