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

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.

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report) has been assigned a consensus rating of "Buy" from the eight ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $24.86.

A number of equities research analysts have recently issued reports on MNSO shares. Bank of America upgraded shares of MINISO Group from an "underperform" rating to a "neutral" rating in a research report on Thursday. Jefferies Financial Group raised shares of MINISO Group from a "hold" rating to a "buy" rating and raised their price objective for the stock from $18.50 to $26.20 in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $20.00 price objective on shares of MINISO Group in a research note on Tuesday, May 27th.

Hedge Funds Weigh In On MINISO Group

A number of hedge funds have recently made changes to their positions in the stock. KEYWISE CAPITAL MANAGEMENT HK Ltd boosted its position in MINISO Group by 76.6% during the 4th quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 9,201,950 shares of the company's stock worth $219,835,000 after purchasing an additional 3,992,300 shares during the period. Marshall Wace LLP boosted its position in MINISO Group by 131.1% during the 2nd 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. boosted its position in 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 worth $21,093,000 after purchasing an additional 694,212 shares during the period. Balyasny Asset Management L.P. purchased a new stake in MINISO Group during the 2nd quarter worth $3,803,000. Finally, BNP Paribas Financial Markets purchased a new stake in MINISO Group during the 4th quarter worth $3,780,000. Institutional investors and hedge funds own 17.16% of the company's stock.

MINISO Group Stock Performance

Shares of MNSO traded up $4.4930 during mid-day trading on Wednesday, hitting $26.6630. 6,837,621 shares of the company's stock were exchanged, compared to its average volume of 830,366. MINISO Group has a fifty-two week low of $12.51 and a fifty-two week high of $27.71. The firm has a market capitalization of $8.28 billion, a P/E ratio of 24.92, a P/E/G ratio of 1.30 and a beta of 0.16. The business's 50 day moving average is $18.91 and its two-hundred day moving average is $18.99. The company has a current ratio of 1.99, a quick ratio of 1.54 and a debt-to-equity ratio of 0.73.

MINISO Group (NYSE:MNSO - Get Free Report) last announced its earnings results on Thursday, August 21st. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($1.52). The business had revenue of $692.93 million for the quarter, compared to analyst estimates of $4.85 billion. MINISO Group had a return on equity of 22.99% and a net margin of 12.63%. On average, equities analysts expect that MINISO Group will post 1.19 earnings per share for the current year.

MINISO Group Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be paid a $0.2896 dividend. This represents a yield of 230.0%. The ex-dividend date of this dividend is Friday, September 5th. MINISO Group's payout ratio is presently 53.27%.

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.