MINISO Group (NYSE:MNSO) Hits New 12-Month Low – What’s Next?

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $8.89 and last traded at $8.8550, with a volume of 119862 shares. The stock had previously closed at $9.07.

Wall Street Analyst Weigh In

MNSO has been the topic of a number of research reports. Nomura lowered shares of MINISO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. HSBC restated a “hold” rating and set a $10.80 price objective on shares of MINISO Group in a research report on Monday, August 31st. JPMorgan Chase & Co. decreased their target price on MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Wall Street Zen lowered MINISO Group from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Zacks Research raised MINISO Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. 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 assigned a Sell rating to the stock. According to MarketBeat.com, MINISO Group has an average rating of “Hold” and a consensus price target of $15.27.

MINISO Group Stock Down 3.0%

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 firm has a market cap of $2.67 billion, a price-to-earnings ratio of 15.18 and a beta of 0.10. The firm’s 50 day simple moving average is $11.40 and its two-hundred day simple moving average is $13.54.

MINISO Group (NYSE:MNSO) last announced its 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 company had revenue of $855.25 million for the quarter. On average, equities analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.12 EPS for the current year.

Hedge Funds Weigh In On MINISO Group

Hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP raised its holdings in MINISO Group by 5,641.7% in 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 grew its holdings in shares of MINISO Group by 794.7% during the 1st quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock worth $36,000 after purchasing an additional 1,947 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in 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 purchasing an additional 1,251 shares in the last quarter. Hantz Financial Services Inc. lifted its position in MINISO Group by 70.6% during the fourth quarter. Hantz Financial Services Inc. now owns 8,680 shares of the company’s stock worth $163,000 after purchasing an additional 3,593 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in MINISO Group during the second quarter worth about $140,000. 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.