MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Receives $21.73 Average PT from Analysts

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) has been given a consensus rating of “Hold” by the six analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $21.7333.

Several equities analysts recently commented on the stock. Weiss Ratings lowered 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 target price on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Zacks Research cut shares of MINISO Group from a “hold” rating to a “strong sell” rating in a report on Monday, June 15th. Finally, Wall Street Zen upgraded shares of MINISO Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th.

Insider Buying and Selling at MINISO Group

In other news, VP Yunyun (Alice) Yang bought 1,950,000 shares of MINISO Group stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average price of $3.28 per share, for a total transaction of $6,396,000.00. Following the purchase, the vice president directly owned 315,590,482 shares of the company’s stock, valued at approximately $1,035,136,780.96. The trade was a 0.62% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Guofu Ye purchased 1,950,000 shares of the stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of $3.28 per share, with a total value of $6,396,000.00. Following the transaction, the chief executive officer owned 315,590,482 shares in the company, valued at $1,035,136,780.96. This trade represents a 0.62% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 4,200,000 shares of company stock worth $13,797,000. 73.50% of the stock is owned by insiders.

Institutional Investors Weigh In On MINISO Group

A number of institutional investors and hedge funds have recently modified their holdings of MNSO. Creative Planning increased its holdings in MINISO Group by 83.4% in the 3rd quarter. Creative Planning now owns 30,552 shares of the company’s stock worth $687,000 after buying an additional 13,890 shares during the period. Vident Advisory LLC raised its position in MINISO Group by 4.9% during the 4th quarter. Vident Advisory LLC now owns 29,440 shares of the company’s stock worth $552,000 after buying an additional 1,377 shares during the last quarter. Royal Bank of Canada lifted its stake in MINISO Group by 66.4% during the 1st quarter. Royal Bank of Canada now owns 26,928 shares of the company’s stock valued at $498,000 after acquiring an additional 10,747 shares during the period. Invesco Ltd. lifted its stake in MINISO Group by 13.1% during the 4th quarter. Invesco Ltd. now owns 25,800 shares of the company’s stock valued at $484,000 after acquiring an additional 2,984 shares during the period. Finally, Vise Technologies Inc. purchased a new stake in shares of MINISO Group in the 3rd quarter valued at $214,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

MINISO Group Trading Up 2.9%

Shares of NYSE:MNSO opened at $12.98 on Friday. The business’s 50-day moving average is $12.76 and its 200 day moving average is $15.91. MINISO Group has a 1 year low of $11.12 and a 1 year high of $26.74. The firm has a market capitalization of $4.02 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.56 and a beta of 0.10. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.53 and a quick ratio of 1.14.

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

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.