MINISO Group (NYSE:MNSO) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Trading volume surged 90% to nearly 1.3 million shares, while MINISO stock rose to $10.53 from a $10.22 previous close.
• Analyst sentiment is mixed but leans toward caution: the consensus rating is “Hold”, with an average price target of $15.27. Recent actions included downgrades from Citigroup and Nomura, while HSBC maintained its hold rating.
• MINISO reported quarterly EPS of $0.26 on $855.25 million in revenue, with a 5.32% net margin and 19.41% return on equity; institutional investors own 17.16% of the company.

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report) saw an uptick in trading volume on Thursday. 1,295,674 shares were traded during trading, an increase of 90% from the previous session's volume of 680,587 shares. The stock last traded at $10.5250 and had previously closed at $10.22.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. HSBC reissued a "hold" rating and issued a $10.80 price target on shares of MINISO Group in a research note on Monday, August 31st. Citigroup downgraded MINISO Group from a "buy" rating to a "neutral" rating and set a $11.30 price objective on the stock. in a report on Monday, August 31st. Wall Street Zen raised shares of MINISO Group from a "sell" rating to a "hold" rating in a research note on Saturday, September 26th. Weiss Ratings reiterated a "sell (d+)" rating on shares of MINISO Group in a report on Tuesday, September 22nd. Finally, Nomura cut shares of MINISO Group from a "strong-buy" rating to a "hold" rating in a report on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $15.27.

MINISO Group Stock Performance

The firm's 50-day simple moving average is $9.97 and its two-hundred day simple moving average is $12.32. The company has a current ratio of 1.57, a quick ratio of 1.18 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $3.21 billion, a PE ratio of 18.23 and a beta of 0.16.

MINISO Group (NYSE:MNSO - Get Free Report) last released its earnings results on Friday, August 14th. The company reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $855.25 million during the quarter. MINISO Group had a return on equity of 19.41% and a net margin of 5.32%. On average, equities research analysts expect that MINISO Group Holding Limited Unsponsored ADR will post 1.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MINISO Group

Large investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC acquired a new position in MINISO Group in the 2nd quarter valued at approximately $200,000. WINTON GROUP Ltd purchased a new stake in MINISO Group in the 2nd quarter worth approximately $140,000. Allworth Financial LP boosted its stake in shares of MINISO Group by 5,641.7% during the 2nd quarter. Allworth Financial LP now owns 2,067 shares of the company's stock valued at $25,000 after buying an additional 2,031 shares during the period. Nykredit A S acquired a new stake in shares of MINISO Group during the 2nd quarter valued at $242,000. Finally, Parallel Advisors LLC boosted its stake in shares of MINISO Group by 794.7% during the 1st quarter. Parallel Advisors LLC now owns 2,192 shares of the company's stock valued at $36,000 after buying an additional 1,947 shares during the period. Institutional investors and hedge funds own 17.16% of the company's stock.

MINISO Group Company Profile

MINISO Group Holding Limited is a global value retailer that operates the MINISO brand of lifestyle product stores. The company offers a broad range of merchandise, including household goods, personal care products, beauty accessories, electronics, toys, stationery, food and beverages, fashion accessories, and seasonal products. Its retail model emphasizes affordable prices, frequent product updates, and collaborations with popular intellectual property brands.

Founded in 2013, MINISO has expanded from its origins in China into an international retail business.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.