WFM ASIA BVI Ltd Invests $35.62 Million in MINISO Group Holding Limited Unsponsored ADR $MNSO

WFM ASIA BVI Ltd bought a new stake in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,583,302 shares of the company’s stock, valued at approximately $35,624,000. MINISO Group makes up about 4.0% of WFM ASIA BVI Ltd’s holdings, making the stock its 7th biggest holding. WFM ASIA BVI Ltd owned about 0.51% of MINISO Group as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in shares of MINISO Group by 141.0% during the second quarter. PNC Financial Services Group Inc. now owns 1,933 shares of the company’s stock valued at $35,000 after purchasing an additional 1,131 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of MINISO Group by 3,465.0% in the second quarter. Hantz Financial Services Inc. now owns 2,139 shares of the company’s stock valued at $39,000 after purchasing an additional 2,079 shares during the period. 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 valued at $41,000 after purchasing an additional 608 shares in the last quarter. DNB Asset Management AS purchased a new stake in MINISO Group during the 3rd quarter worth $258,000. Finally, Creative Planning lifted its holdings in MINISO Group by 45.1% in the 2nd quarter. Creative Planning now owns 16,662 shares of the company’s stock worth $304,000 after buying an additional 5,177 shares in the last quarter. Hedge funds and other institutional investors own 17.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Zacks Research raised MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft assumed coverage on MINISO Group in a research note on Tuesday, November 25th. They set a “buy” rating and a $23.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of MINISO Group in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.73.

MINISO Group Trading Down 5.7%

NYSE MNSO opened at $18.24 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.26 and a current ratio of 1.65. MINISO Group Holding Limited Unsponsored ADR has a one year low of $13.94 and a one year high of $26.74. The company has a 50-day simple moving average of $19.32 and a 200-day simple moving average of $21.05. The firm has a market capitalization of $5.64 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 1.36 and a beta of 0.13.

MINISO Group Company Profile

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.