MINISO Group (NYSE:MNSO) Shares Up 3.8% – Should You Buy?

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO)’s share price traded up 3.8% on Wednesday. The stock traded as high as $10.37 and last traded at $10.2950. 356,167 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 669,185 shares. The stock had previously closed at $9.92.

Analyst Upgrades and Downgrades

MNSO has been the subject of several research analyst reports. Wall Street Zen upgraded shares of MINISO Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 26th. Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Citigroup cut shares of MINISO Group from a “buy” rating to a “neutral” rating and set a $11.30 price objective on the stock. in a research report on Monday, August 31st. Weiss Ratings reissued a “sell (d+)” rating on shares of MINISO Group in a research note on Tuesday, September 22nd. Finally, China Intl Cap upgraded MINISO Group to a “strong-buy” rating in a report on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.27.

MINISO Group Price Performance

The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 18.28 and a beta of 0.16. The company has a current ratio of 1.57, a quick ratio of 1.18 and a debt-to-equity ratio of 0.94. The stock has a 50-day simple moving average of $9.93 and a 200 day simple moving average of $12.28.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.26 EPS for the quarter. MINISO Group had a net margin of 5.32% and a return on equity of 19.41%. The business had revenue of $855.25 million during the quarter. On average, equities research analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.12 EPS for the current fiscal year.

Institutional Investors Weigh In On MINISO Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP grew its holdings in shares of MINISO Group by 5,641.7% during the 2nd quarter. Allworth Financial LP now owns 2,067 shares of the company’s stock valued at $25,000 after acquiring an additional 2,031 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of MINISO Group by 794.7% in the first quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock worth $36,000 after acquiring an additional 1,947 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of MINISO Group by 34.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,842 shares of the company’s stock worth $78,000 after acquiring an additional 1,251 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of MINISO Group during the second quarter worth $140,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of MINISO Group during the second quarter worth $200,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

About MINISO Group

MINISO Group Holding Limited is a global value retailer that operates the MINISO brand of lifestyle product stores. The company offers a broad range of merchandise, including household goods, personal care products, beauty accessories, electronics, toys, stationery, food and beverages, fashion accessories, and seasonal products. Its retail model emphasizes affordable prices, frequent product updates, and collaborations with popular intellectual property brands.

Founded in 2013, MINISO has expanded from its origins in China into an international retail business.