MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Given Consensus Recommendation of “Moderate Buy” by Analysts

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $25.1250.

A number of equities analysts recently weighed in on MNSO shares. Deutsche Bank Aktiengesellschaft started coverage on MINISO Group in a report on Tuesday, November 25th. They set a “buy” rating and a $23.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of MINISO Group in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of MINISO Group from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP increased its holdings in shares of MINISO Group by 131.1% in the second quarter. Marshall Wace LLP now owns 1,776,960 shares of the company’s stock worth $32,376,000 after buying an additional 1,008,048 shares during the period. WFM ASIA BVI Ltd bought a new position in MINISO Group during the 3rd quarter worth approximately $35,624,000. Serenity Capital Management PTE. LTD. increased its stake in MINISO Group by 149.8% in the 2nd quarter. Serenity Capital Management PTE. LTD. now owns 1,157,662 shares of the company’s stock worth $21,093,000 after purchasing an additional 694,212 shares during the period. HCEP Management Ltd lifted its position in MINISO Group by 2.4% in the third quarter. HCEP Management Ltd now owns 998,251 shares of the company’s stock valued at $22,461,000 after purchasing an additional 23,300 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of MINISO Group by 167.5% during the third quarter. Millennium Management LLC now owns 971,884 shares of the company’s stock valued at $21,867,000 after purchasing an additional 608,544 shares during the period. 17.16% of the stock is owned by institutional investors.

MINISO Group Trading Up 0.8%

NYSE MNSO opened at $19.24 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.65 and a debt-to-equity ratio of 0.73. The stock’s 50-day simple moving average is $19.41 and its two-hundred day simple moving average is $21.09. MINISO Group has a twelve month low of $13.94 and a twelve month high of $26.74. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 1.34 and a beta of 0.13.

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.