MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are 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 issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $21.7333.

Several equities research analysts have issued reports on the stock. Weiss Ratings cut shares of MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. reduced their target price on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Wall Street Zen raised shares of MINISO Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Finally, Zacks Research cut shares of MINISO Group from a “hold” rating to a “strong sell” rating in a research note on Monday, June 15th.

Insider Activity at MINISO Group

In related news, CEO Guofu Ye purchased 1,950,000 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was acquired at an average cost of $3.28 per share, for a total transaction of $6,396,000.00. Following the completion of the transaction, the chief executive officer directly owned 315,590,482 shares of the company’s stock, valued at approximately $1,035,136,780.96. This trade represents a 0.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Yunyun (Alice) Yang purchased 1,950,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average cost of $3.28 per share, with a total value of $6,396,000.00. Following the acquisition, the vice president 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 disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have bought 4,200,000 shares of company stock worth $13,797,000. Insiders own 73.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in MINISO Group during the third quarter worth about $25,000. Parallel Advisors LLC grew its stake in shares of MINISO Group by 794.7% in the 1st quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock valued at $36,000 after buying an additional 1,947 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of MINISO Group by 37.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock worth $41,000 after buying an additional 608 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of MINISO Group by 28.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock worth $56,000 after buying an additional 547 shares during the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of MINISO Group during the 4th quarter valued at approximately $126,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

MINISO Group Price Performance

Shares of MINISO Group stock opened at $12.76 on Friday. The stock has a market capitalization of $3.95 billion, a P/E ratio of 13.58, a PEG ratio of 1.58 and a beta of 0.10. The business has a 50 day simple moving average of $12.73 and a two-hundred day simple moving average of $15.89. MINISO Group has a 12 month low of $11.12 and a 12 month high of $26.74. 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 issued its quarterly earnings results on Friday, May 15th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.17). MINISO Group had a return on equity of 18.98% and a net margin of 9.03%.The firm had revenue of $825.04 million during the quarter, compared to analyst estimates of $805.60 million. As a group, analysts predict that MINISO Group will post 1.12 EPS 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.