MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Given Average Rating of "Moderate Buy" by 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.

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

A number of research analysts recently issued reports on MNSO shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $20.00 price objective on shares of MINISO Group in a research note on Tuesday, May 27th. Bank of America upgraded MINISO Group from an "underperform" rating to a "neutral" rating in a research note on Thursday, August 21st. Jefferies Financial Group upgraded MINISO Group from a "hold" rating to a "buy" rating and boosted their price objective for the company from $18.50 to $26.20 in a research note on Friday, August 22nd. Finally, Dbs Bank upgraded MINISO Group to a "moderate buy" rating in a research note on Friday, August 22nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MNSO. Marshall Wace LLP boosted its stake in MINISO Group by 131.1% in 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 stake in MINISO Group by 149.8% in 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. bought a new position in MINISO Group in the 2nd quarter worth approximately $3,803,000. Tairen Capital Ltd boosted its stake in MINISO Group by 211.7% in the 4th quarter. Tairen Capital Ltd now owns 218,170 shares of the company's stock worth $5,212,000 after purchasing an additional 148,170 shares during the period. Finally, Linden Advisors LP bought a new position in MINISO Group in the 1st quarter worth approximately $1,566,000. 17.16% of the stock is currently owned by institutional investors.

MINISO Group Stock Performance

Shares of NYSE MNSO traded down $0.28 during midday trading on Friday, hitting $24.75. 1,192,520 shares of the company's stock traded hands, compared to its average volume of 1,417,656. 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 $7.69 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 1.67 and a beta of 0.18. 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 firm has a fifty day moving average of $21.58 and a 200 day moving average of $19.42.

MINISO Group (NYSE:MNSO - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The company reported $0.22 EPS 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 analysts' expectations of $4.85 billion. MINISO Group had a net margin of 12.63% and a return on equity of 22.60%. On average, analysts forecast that MINISO Group will post 1.19 earnings per share for the current year.

MINISO Group Cuts Dividend

The business also recently disclosed a -- dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be paid a dividend of $0.2896 per share. The ex-dividend date is Friday, September 5th. This represents a dividend yield of 236.0%. MINISO Group's payout ratio is 52.34%.

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.