Analysts Set MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Price Target at $25.13

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) have received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $25.1250.

MNSO has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on MINISO Group in a report on Tuesday, November 25th. They issued a “buy” rating and a $23.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MINISO Group in a research report on Monday.

MINISO Group Price Performance

MINISO Group stock opened at $19.46 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.26. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 2.24 and a beta of 0.15. The firm has a 50-day moving average of $20.55 and a two-hundred day moving average of $20.76. MINISO Group has a 1 year low of $13.94 and a 1 year high of $27.71.

Institutional Trading of MINISO Group

Hedge funds have recently added to or reduced their stakes in the business. Brooklyn Investment Group increased its position in MINISO Group by 579.4% during the 1st quarter. Brooklyn Investment Group now owns 1,651 shares of the company’s stock valued at $31,000 after purchasing an additional 1,408 shares during the period. Linden Advisors LP purchased a new stake in shares of MINISO Group in the 1st quarter worth approximately $1,566,000. Vident Advisory LLC boosted its stake in shares of MINISO Group by 14.5% during the first quarter. Vident Advisory LLC now owns 24,680 shares of the company’s stock valued at $456,000 after purchasing an additional 3,121 shares in the last quarter. OLD Mission Capital LLC purchased a new position in MINISO Group during the first quarter valued at approximately $952,000. Finally, Royal Bank of Canada increased its holdings in MINISO Group by 66.4% during the first quarter. Royal Bank of Canada now owns 26,928 shares of the company’s stock valued at $498,000 after buying an additional 10,747 shares during the period. 17.16% of the stock is owned by hedge funds and other institutional investors.

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.