MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Receives $24.53 Consensus Target Price from Analysts

Key Points

• MINISO Group Holding Limited has received an average analyst rating of "Moderate Buy" from eight brokerages, with a target price of $24.53 for the next year.
• Institutional investors have significantly increased their stakes in MINISO Group, with Brooklyn Investment Group boosting its holdings by 579.4% in the first quarter.
• MINISO Group recently reported an earnings miss, with an EPS of $0.19 compared to the expected $2.04, and total revenues of $609.87 million for the quarter.

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report) have received an average recommendation of "Buy" from the eight analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $24.86.

MNSO has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $20.00 price objective on shares of MINISO Group in a research report on Tuesday, May 27th. Jefferies Financial Group upgraded MINISO Group from a "hold" rating to a "buy" rating and upped their price objective for the stock from $18.50 to $26.20 in a research report on Friday. Finally, Bank of America raised MINISO Group from an "underperform" rating to a "neutral" rating in a research note on Thursday.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MNSO. Infini Capital Management Ltd acquired a new stake in shares of MINISO Group in the 1st quarter worth $289,000. The Manufacturers Life Insurance Company boosted its holdings in MINISO Group by 54.3% during the 4th 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 period. Mackenzie Financial Corp boosted its holdings in MINISO Group by 8.0% during the 1st quarter. Mackenzie Financial Corp now owns 192,620 shares of the company's stock valued at $3,562,000 after acquiring an additional 14,278 shares during the period. Hsbc Holdings PLC boosted its holdings in MINISO Group by 78.0% during the 4th quarter. Hsbc Holdings PLC now owns 181,328 shares of the company's stock valued at $4,342,000 after acquiring an additional 79,455 shares during the period. Finally, Caption Management LLC purchased a new position in MINISO Group during the 4th quarter valued at about $516,000. 17.16% of the stock is owned by institutional investors and hedge funds.

MINISO Group Stock Performance

NYSE MNSO traded up $4.4930 during trading hours on Wednesday, reaching $26.6630. The stock had a trading volume of 6,837,621 shares, compared to its average volume of 1,136,508. The stock has a fifty day moving average of $18.91 and a 200 day moving average of $18.94. The stock has a market cap of $8.28 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 1.69 and a beta of 0.16. MINISO Group has a 52-week low of $12.51 and a 52-week high of $27.71. 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 (NYSE:MNSO - Get Free Report) last issued its earnings results on Thursday, August 21st. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($1.52). MINISO Group had a net margin of 12.63% and a return on equity of 22.99%. The firm had revenue of $692.93 million during the quarter, compared to analysts' expectations of $4.85 billion. Sell-side analysts predict that MINISO Group will post 1.19 earnings per share for the current year.

MINISO Group Cuts Dividend

The firm also recently announced a -- dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.2896 per share. This represents a dividend yield of 230.0%. The ex-dividend date of this dividend is Friday, September 5th. MINISO Group's dividend payout ratio is presently 58.88%.

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.