MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) have been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $25.1250.

A number of research firms recently commented on MNSO. Zacks Research downgraded MINISO Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 7th. Weiss Ratings restated a “hold (c)” rating on shares of MINISO Group in a report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on MINISO Group in a research report on Tuesday, November 25th. They set a “buy” rating and a $23.00 price target for the company.

MINISO Group Stock Down 1.8%

Shares of NYSE:MNSO opened at $19.30 on Friday. The company has a 50 day moving average of $19.87 and a 200-day moving average of $20.93. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 1.38 and a beta of 0.09. MINISO Group has a one year low of $13.94 and a one year high of $26.74. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.26.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MNSO. Caitong International Asset Management Co. Ltd bought a new position in shares of MINISO Group during the third quarter worth approximately $25,000. PNC Financial Services Group Inc. boosted its stake in shares of MINISO Group by 141.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,933 shares of the company’s stock valued at $35,000 after buying an additional 1,131 shares during the period. Hantz Financial Services Inc. grew its position in MINISO Group by 3,465.0% during the second quarter. Hantz Financial Services Inc. now owns 2,139 shares of the company’s stock worth $39,000 after buying an additional 2,079 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in 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 acquiring an additional 608 shares during the period. Finally, GFG Capital LLC acquired a new position in MINISO Group in the 2nd quarter valued at $58,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

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.