MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Given Average Rating of “Hold” by Analysts

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) have been given an average rating of “Hold” by the six brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $21.7333.

MNSO has been the subject of several recent analyst reports. Weiss Ratings cut MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. cut their price target on MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Wall Street Zen raised shares of MINISO Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, Zacks Research upgraded shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th.

Insiders Place Their Bets

In related news, CEO Guofu Ye purchased 150,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was purchased at an average cost of $3.35 per share, with a total value of $502,500.00. Following the completion of the purchase, the chief executive officer owned 315,740,482 shares in the company, valued at approximately $1,057,730,614.70. This trade represents a 0.05% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Yunyun (Alice) Yang acquired 150,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were bought at an average price of $3.35 per share, for a total transaction of $502,500.00. Following the acquisition, the vice president directly owned 315,740,482 shares of the company’s stock, valued at approximately $1,057,730,614.70. This trade represents a 0.05% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 4,200,000 shares of company stock valued at $13,797,000 over the last 90 days. Corporate insiders own 73.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MNSO. Caitong International Asset Management Co. Ltd bought a new stake in shares of MINISO Group during the third quarter valued at approximately $25,000. Parallel Advisors LLC lifted its holdings in shares of MINISO Group by 794.7% in the 1st quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock worth $36,000 after purchasing an additional 1,947 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in MINISO Group by 37.6% in 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 during the period. PNC Financial Services Group Inc. grew its position in MINISO Group by 28.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock valued at $56,000 after purchasing an additional 547 shares during the period. Finally, Atlas Capital Advisors Inc. bought a new stake in MINISO Group during the 4th quarter valued at $126,000. Institutional investors own 17.16% of the company’s stock.

MINISO Group Price Performance

Shares of NYSE MNSO opened at $12.51 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $3.87 billion, a PE ratio of 13.31, a P/E/G ratio of 1.56 and a beta of 0.11. The firm has a fifty day simple moving average of $12.36 and a 200 day simple moving average of $15.09. MINISO Group has a twelve month low of $11.12 and a twelve month high of $26.74.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.17). The business had revenue of $825.04 million during the quarter, compared to the consensus estimate of $805.60 million. MINISO Group had a return on equity of 18.98% and a net margin of 9.03%. On average, sell-side analysts forecast that MINISO Group will post 1.12 EPS for the current year.

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.