MINISO Group (NYSE:MNSO) Hits New 52-Week Low – What’s Next?

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) hit a new 52-week low on Monday . The company traded as low as $10.99 and last traded at $10.9780, with a volume of 193454 shares trading hands. The stock had previously closed at $11.80.

Analyst Upgrades and Downgrades

MNSO has been the topic of a number of recent analyst reports. Wall Street Zen raised MINISO Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Weiss Ratings downgraded shares of MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. dropped their price target on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Finally, Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.73.

MINISO Group Stock Down 7.4%

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 firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 11.66, a P/E/G ratio of 1.46 and a beta of 0.11. The stock has a 50 day moving average of $12.26 and a 200 day moving average of $14.87.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.17). MINISO Group had a net margin of 9.03% and a return on equity of 18.98%. The firm had revenue of $825.04 million for the quarter, compared to analyst estimates of $805.60 million. As a group, analysts expect that MINISO Group Holding Limited Unsponsored ADR will post 1.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Yunyun (Alice) Yang purchased 150,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average cost of $3.35 per share, with a total value of $502,500.00. Following the transaction, the vice president owned 315,740,482 shares in the company, valued at approximately $1,057,730,614.70. The trade was a 0.05% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Guofu Ye purchased 150,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were purchased at an average cost of $3.35 per share, for a total transaction of $502,500.00. Following the completion of the transaction, the chief executive officer owned 315,740,482 shares in the company, valued at approximately $1,057,730,614.70. This represents a 0.05% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 4,200,000 shares of company stock valued at $13,797,000 over the last quarter. Company insiders own 73.50% of the company’s stock.

Institutional Trading of MINISO Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Serenity Capital Management PTE. LTD. lifted its position in shares of MINISO Group by 74.9% in the 4th quarter. Serenity Capital Management PTE. LTD. now owns 2,024,455 shares of the company’s stock worth $37,959,000 after buying an additional 866,793 shares during the last quarter. Marshall Wace LLP grew its position in shares of MINISO Group by 15.8% during the 4th quarter. Marshall Wace LLP now owns 1,981,202 shares of the company’s stock valued at $37,148,000 after buying an additional 270,765 shares during the last quarter. Orbis Allan Gray Ltd raised its stake in MINISO Group by 0.7% during the fourth quarter. Orbis Allan Gray Ltd now owns 1,792,873 shares of the company’s stock worth $33,616,000 after acquiring an additional 12,468 shares during the period. Millennium Management LLC lifted its holdings in MINISO Group by 38.3% in the fourth quarter. Millennium Management LLC now owns 1,344,121 shares of the company’s stock worth $25,202,000 after acquiring an additional 372,237 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in MINISO Group by 1.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 673,402 shares of the company’s stock worth $12,626,000 after acquiring an additional 12,315 shares during the last quarter. 17.16% of the stock is owned by institutional investors and hedge funds.

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.