MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Shares of MINISO (NYSE:MNSO) carry a consensus analyst rating of Hold from five firms (three holds, two buys) with an average 12‑month target of $24.60.
• The stock opened at $16.34, has a market cap of $5.05 billion and a P/E of 30.25, and is trading well below its 1‑year high of $26.74 and its 200‑day moving average of $19.90.
• Institutional ownership is 17.16%, with notable stake increases by Marshall Wace and Serenity Capital and new positions added by Long Corridor and WFM ASIA.

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report) have been assigned a consensus rating of "Hold" from the five research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $24.60.

A number of analysts recently weighed in on the stock. Zacks Research upgraded shares of MINISO Group from a "strong sell" rating to a "hold" rating in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of MINISO Group in a research note on Friday, March 27th.

MINISO Group Price Performance

Shares of MNSO opened at $16.34 on Thursday. The stock has a market cap of $5.05 billion, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 1.14 and a beta of 0.25. MINISO Group has a 1 year low of $13.94 and a 1 year high of $26.74. The stock's 50-day moving average price is $17.98 and its two-hundred day moving average price is $19.90. The company has a current ratio of 1.65, a quick ratio of 1.26 and a debt-to-equity ratio of 0.73.

Institutional Trading of MINISO Group

Hedge funds have recently added to or reduced their stakes in the business. Long Corridor Asset Management Ltd acquired a new position in MINISO Group in the third quarter valued at about $2,368,000. Marshall Wace LLP raised its position in shares of MINISO Group by 131.1% during the second quarter. Marshall Wace LLP now owns 1,776,960 shares of the company's stock worth $32,376,000 after purchasing an additional 1,008,048 shares during the period. Serenity Capital Management PTE. LTD. lifted its holdings in shares of MINISO Group by 149.8% during the 2nd quarter. Serenity Capital Management PTE. LTD. now owns 1,157,662 shares of the company's stock valued at $21,093,000 after purchasing an additional 694,212 shares in the last quarter. WFM ASIA BVI Ltd acquired a new position in shares of MINISO Group in the 3rd quarter valued at approximately $35,624,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of MINISO Group in the 3rd quarter valued at approximately $1,275,000. Institutional investors and hedge funds own 17.16% of the company's stock.

MINISO Group Company Profile

MINISO Group NYSE: MNSO is a global retailer specializing in lifestyle and consumer goods. Since its founding in 2013, the company has focused on offering affordable, design-driven products across a broad range of categories. MINISO's stores feature a clean, minimalist layout and emphasize a “fast fashion” inventory model designed to turn over goods quickly and respond to emerging trends.

The company's product mix spans household items, kitchenware, cosmetics and personal care, stationery, toys, digital accessories, apparel and seasonal items.

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