Brokerages Set MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) PT at $24.53

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $24.53.

MNSO has been the subject of several recent research reports. JPMorgan Chase & Co. raised shares of MINISO Group from a "neutral" rating to an "overweight" rating and raised their price target for the company from $15.00 to $22.00 in a research report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $20.00 price target on shares of MINISO Group in a report on Tuesday, May 27th.

Institutional Investors Weigh In On MINISO Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in MINISO Group during the 4th quarter valued at approximately $31,000. Brooklyn Investment Group increased its holdings in shares of MINISO Group by 579.4% in the first quarter. Brooklyn Investment Group now owns 1,651 shares of the company's stock valued at $31,000 after purchasing an additional 1,408 shares during the period. Barclays PLC purchased a new stake in shares of MINISO Group during the fourth quarter worth approximately $36,000. EverSource Wealth Advisors LLC lifted its holdings in shares of MINISO Group by 83.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock worth $39,000 after purchasing an additional 734 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new position in MINISO Group in the 1st quarter valued at $74,000. 17.16% of the stock is owned by hedge funds and other institutional investors.

MINISO Group Trading Up 1.0%

Shares of NYSE MNSO traded up $0.19 during trading on Tuesday, reaching $18.41. The stock had a trading volume of 426,191 shares, compared to its average volume of 1,706,257. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.54 and a current ratio of 1.99. The company has a market cap of $5.76 billion, a P/E ratio of 16.58, a PEG ratio of 1.05 and a beta of 0.15. MINISO Group has a fifty-two week low of $12.51 and a fifty-two week high of $27.71. The business's 50-day moving average price is $18.37 and its 200-day moving average price is $20.20.

MINISO Group (NYSE:MNSO - Get Free Report) last released its earnings results on Friday, May 23rd. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($1.85). The firm had revenue of $609.87 million during the quarter, compared to analyst estimates of $4.35 billion. MINISO Group had a net margin of 13.85% and a return on equity of 24.23%. On average, equities research analysts predict that MINISO Group will post 1.19 EPS for the current fiscal year.

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.