MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• MINISO Group Holding Limited has received a consensus recommendation of "Moderate Buy" from seven analysts, with an average 12-month target price of $24.86.
• Institutional investment in MINISO has surged, with Brooklyn Investment Group increasing its stake by 579.4% and other institutions also making significant purchases recently.
• The company recently missed earnings estimates, reporting $0.22 EPS against a consensus of $1.74, alongside a revenue of $692.93 million which was below the expected $4.85 billion.

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $24.86.

MNSO has been the subject of a number of research reports. Dbs Bank upgraded shares of MINISO Group to a "moderate buy" rating in a report on Friday, August 22nd. Bank of America upgraded shares of MINISO Group from an "underperform" rating to a "neutral" rating in a report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $20.00 target price on shares of MINISO Group in a report on Tuesday, May 27th. Finally, Jefferies Financial Group upgraded shares of MINISO Group from a "hold" rating to a "buy" rating and upped their price target for the company from $18.50 to $26.20 in a research report on Friday, August 22nd.

Institutional Investors Weigh In On MINISO Group

Hedge funds have recently made changes to their positions in the company. Brooklyn Investment Group lifted its position in shares of MINISO Group by 579.4% in 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 in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of MINISO Group by 141.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,933 shares of the company's stock valued at $35,000 after acquiring an additional 1,131 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of MINISO Group by 3,465.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,139 shares of the company's stock valued at $39,000 after acquiring an additional 2,079 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of MINISO Group by 37.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company's stock valued at $41,000 after acquiring an additional 608 shares in the last quarter. Finally, GFG Capital LLC purchased a new stake in MINISO Group in the 2nd quarter worth approximately $58,000. Hedge funds and other institutional investors own 17.16% of the company's stock.

MINISO Group Trading Down 2.3%

Shares of NYSE:MNSO opened at $24.73 on Friday. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.61 and a beta of 0.18. MINISO Group has a 1-year low of $12.51 and a 1-year high of $27.71. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.50 and a current ratio of 1.92. The company has a 50 day moving average price of $21.06 and a 200 day moving average price of $19.29.

MINISO Group (NYSE:MNSO - Get Free Report) last issued its earnings results on Thursday, August 21st. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($1.52). The business had revenue of $692.93 million for the quarter, compared to the consensus estimate of $4.85 billion. MINISO Group had a return on equity of 22.60% and a net margin of 12.63%. On average, research analysts anticipate that MINISO Group will post 1.19 EPS for the current fiscal year.

MINISO Group Cuts Dividend

The company also recently declared a -- dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be given a $0.2896 dividend. This represents a dividend yield of 236.0%. The ex-dividend date is Friday, September 5th. MINISO Group's dividend payout ratio is 51.40%.

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.

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