MINISO Group (NYSE:MNSO) Shares Up 3.8% - What's Next?

Key Points

• MINISO shares rose 3.8% to $10.295, although trading volume was 47% below the average session volume.
• Analyst sentiment remains mixed but centers on a “Hold” consensus; the average price target is $15.27, with ratings ranging from Strong Buy to Sell.
• The company reported quarterly revenue of $855.25 million and earnings per share of $0.26. Institutional investors and hedge funds own 17.16% of MINISO’s outstanding stock.

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report)'s share price shot up 3.8% during trading on Wednesday. The stock traded as high as $10.37 and last traded at $10.2950. 356,167 shares traded hands during trading, a decline of 47% from the average session volume of 669,185 shares. The stock had previously closed at $9.92.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MNSO shares. HSBC restated a "hold" rating and issued a $10.80 price objective on shares of MINISO Group in a report on Monday, August 31st. China Intl Cap raised shares of MINISO Group to a "strong-buy" rating in a report on Monday, August 31st. Wall Street Zen raised MINISO Group from a "sell" rating to a "hold" rating in a report on Saturday, September 26th. Citigroup cut shares of MINISO Group from a "buy" rating to a "neutral" rating and set a $11.30 target price for the company. in a research note on Monday, August 31st. Finally, Zacks Research upgraded MINISO Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.27.

MINISO Group Stock Up 3.3%

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 business has a 50-day moving average price of $10.01 and a 200-day moving average price of $12.36. The firm has a market cap of $3.11 billion, a P/E ratio of 17.66 and a beta of 0.16.

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

Institutional Trading of MINISO Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sequoia Financial Advisors LLC purchased a new stake in shares of MINISO Group during the 2nd quarter worth about $200,000. WINTON GROUP Ltd purchased a new position in shares of MINISO Group in the second quarter worth about $140,000. Allworth Financial LP boosted its holdings 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 worth $25,000 after purchasing an additional 2,031 shares during the last quarter. Nykredit A S acquired a new position in MINISO Group during the second quarter worth $242,000. Finally, Parallel Advisors LLC grew its holdings in MINISO Group by 794.7% in 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 in the last quarter. 17.16% of the stock is currently owned by institutional investors and hedge funds.

About MINISO Group

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.

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