MINISO Group (NYSE:MNSO) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of MINISO Group (NYSE:MNSO) from a strong sell rating to a hold rating in a report published on Thursday morning,Zacks.com reports.

Several other research analysts have also recently commented on MNSO. Weiss Ratings restated a “hold (c)” rating on shares of MINISO Group in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft started coverage on shares of MINISO Group in a research report on Tuesday, November 25th. They set a “buy” rating and a $23.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.13.

MINISO Group Stock Performance

Shares of MNSO stock opened at $18.92 on Thursday. The company has a 50 day moving average price of $19.44 and a 200 day moving average price of $21.04. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.34 and a beta of 0.13. MINISO Group has a one year low of $13.94 and a one year high of $26.74. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.26 and a current ratio of 1.65.

Institutional Trading of MINISO Group

Large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in shares of MINISO Group by 44.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,591 shares of the company’s stock worth $67,000 after purchasing an additional 1,111 shares during the last quarter. GSA Capital Partners LLP grew its position in MINISO Group by 8.5% in the fourth quarter. GSA Capital Partners LLP now owns 113,895 shares of the company’s stock worth $2,136,000 after acquiring an additional 8,918 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake 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 purchasing an additional 12,315 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in MINISO Group in the fourth quarter valued at about $199,000. Finally, J. Safra Sarasin Holding AG acquired a new position in shares of MINISO Group in the fourth quarter valued at about $220,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

About MINISO Group

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.