MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Stock Now Rated “Hold” by Sell-Side Brokerages

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) has earned a consensus rating of “Hold” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $15.27.

Several research firms recently commented on MNSO. Nomura downgraded MINISO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Citigroup cut shares of MINISO Group from a “buy” rating to a “neutral” rating and set a $11.30 target price on the stock. in a research note on Monday, August 31st. Weiss Ratings reiterated a “sell (d+)” rating on shares of MINISO Group in a research report on Tuesday. HSBC reaffirmed a “hold” rating and set a $10.80 price objective on shares of MINISO Group in a report on Monday, August 31st. Finally, JPMorgan Chase & Co. dropped their target price on MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday, May 29th.

MINISO Group Stock Down 0.6%

MINISO Group stock opened at $8.93 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.18 and a current ratio of 1.57. The stock has a market cap of $2.71 billion, a PE ratio of 15.39 and a beta of 0.10. The firm’s 50-day simple moving average is $10.91 and its 200 day simple moving average is $13.05. MINISO Group has a fifty-two week low of $8.55 and a fifty-two week high of $23.55.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.26 earnings per share for the quarter. The business had revenue of $855.25 million for the quarter. MINISO Group had a return on equity of 19.41% and a net margin of 5.32%. Research analysts predict that MINISO Group will post 1.12 EPS for the current fiscal year.

Institutional Trading of MINISO Group

A number of institutional investors have recently made changes to their positions in the stock. Allworth Financial LP increased its stake in shares of MINISO Group by 5,641.7% in the second quarter. Allworth Financial LP now owns 2,067 shares of the company’s stock worth $25,000 after buying an additional 2,031 shares during the period. Parallel Advisors LLC grew its holdings in 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 acquiring an additional 1,947 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of MINISO Group by 34.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,842 shares of the company’s stock valued at $78,000 after acquiring an additional 1,251 shares during the period. Hantz Financial Services Inc. increased its position in shares of MINISO Group by 70.6% in the fourth quarter. Hantz Financial Services Inc. now owns 8,680 shares of the company’s stock valued at $163,000 after acquiring an additional 3,593 shares during the period. Finally, WINTON GROUP Ltd bought a new position in shares of MINISO Group during the second quarter valued at about $140,000. 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 designs, sources and sells a broad range of lifestyle products under the MINISO brand. Its merchandise includes household goods, personal accessories, beauty and personal-care products, electronics, toys, stationery, food and other everyday consumer items. The company emphasizes affordable pricing, frequent product updates and collaborations with well-known intellectual property brands.

MINISO also operates TOP TOY, a brand focused on collectible toys and related products.