Analysts Set MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Price Target at $24.53

Key Points

• MINISO Group Holding Limited has received a consensus rating of "Moderate Buy" from analysts, with the average 12-month target price set at $24.53.
• The company's most recent earnings report showed an earnings per share (EPS) of $0.19, significantly missing the consensus estimate of $2.04.
• Institutional investors currently own 17.16% of MINISO Group's stock, indicating a growing interest from major financial entities.

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight ratings firms that are covering the firm, Marketbeat Ratings reports. One research 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. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $24.53.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $20.00 target price on shares of MINISO Group in a report on Tuesday, May 27th.

MINISO Group Trading Up 2.6%

Shares of NYSE MNSO traded up $0.51 during mid-day trading on Friday, hitting $19.62. 789,213 shares of the company traded hands, compared to its average volume of 565,846. MINISO Group has a 1 year low of $12.51 and a 1 year high of $27.71. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.12 and a beta of 0.16. The company has a quick ratio of 1.54, a current ratio of 1.99 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average of $18.15 and a two-hundred day moving average of $19.31.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MNSO. Brooklyn Investment Group increased its holdings in shares of MINISO Group by 579.4% during the 1st quarter. Brooklyn Investment Group now owns 1,651 shares of the company's stock valued at $31,000 after acquiring an additional 1,408 shares during the last quarter. Barclays PLC acquired a new position in shares of MINISO Group during the 4th quarter valued at about $36,000. GFG Capital LLC acquired a new position in shares of MINISO Group during the 2nd quarter valued at about $58,000. Banque Cantonale Vaudoise acquired a new position in shares of MINISO Group during the 1st quarter valued at about $74,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of MINISO Group by 884.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,719 shares of the company's stock valued at $106,000 after acquiring an additional 5,138 shares during the last quarter. 17.16% of the stock is owned by institutional investors and hedge funds.

About MINISO Group

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.