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

Key Points

• Consensus "Moderate Buy": Six brokerages covering MINISO (3 hold, 3 buy) give a consensus rating of Moderate Buy with an average 1‑year price target of about $23.73.
• Recent analyst activity includes Zacks moving the stock from "strong sell" to "hold" and Deutsche Bank initiating coverage with a buy rating and a $23 target, showing mixed but improving sentiment.
• Shares trade around $16.92, below the 50‑day ($19.03) and 200‑day ($20.93) averages; the company has a market cap of ~$5.23 billion, a P/E of 17.44, and about 17.16% institutional/hedge fund ownership.

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $23.7333.

Several equities research analysts recently issued reports on the stock. Zacks Research raised shares of MINISO Group from a "strong sell" rating to a "hold" rating in a research note on Thursday, February 5th. Weiss Ratings reissued a "hold (c)" rating on shares of MINISO Group in a research report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft started coverage on MINISO Group in a research note on Tuesday, November 25th. They set a "buy" rating and a $23.00 target price for the company.

Institutional Investors Weigh In On MINISO Group

Several hedge funds and other institutional investors have recently bought and sold shares of MNSO. Caitong International Asset Management Co. Ltd purchased a new position in shares of MINISO Group during the 3rd quarter valued at approximately $25,000. PNC Financial Services Group Inc. boosted its stake in MINISO Group by 141.0% during 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 during the last quarter. EverSource Wealth Advisors LLC grew its holdings in MINISO Group by 37.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company's stock worth $41,000 after acquiring an additional 608 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of MINISO Group by 137.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 5,087 shares of the company's stock worth $114,000 after purchasing an additional 2,948 shares during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of MINISO Group in the 4th quarter valued at about $126,000. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

MINISO Group Trading Up 1.7%

NYSE MNSO opened at $16.92 on Friday. The company's fifty day simple moving average is $19.03 and its 200-day simple moving average is $20.93. MINISO Group has a 52 week low of $13.94 and a 52 week high of $26.74. The company has a current ratio of 1.65, a quick ratio of 1.26 and a debt-to-equity ratio of 0.73. The stock has a market cap of $5.23 billion, a P/E ratio of 17.44, a PEG ratio of 1.19 and a beta of 0.16.

About MINISO Group

MINISO Group NYSE: MNSO is a global retailer specializing in lifestyle and consumer goods. Since its founding in 2013, the company has focused on offering affordable, design-driven products across a broad range of categories. MINISO's stores feature a clean, minimalist layout and emphasize a “fast fashion” inventory model designed to turn over goods quickly and respond to emerging trends.

The company's product mix spans household items, kitchenware, cosmetics and personal care, stationery, toys, digital accessories, apparel and seasonal items.

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