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

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $21.7333.

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of MINISO Group in a report on Friday, March 27th. Finally, Wall Street Zen raised shares of MINISO Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th.

Insider Buying and Selling at MINISO Group

In other MINISO Group news, VP Yunyun (Alice) Yang acquired 150,000 shares of the stock in a transaction dated Monday, June 1st. The stock was acquired at an average price of $3.35 per share, with a total value of $502,500.00. Following the completion of the transaction, the vice president directly owned 315,740,482 shares in the company, valued at approximately $1,057,730,614.70. This trade represents a 0.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Guofu Ye bought 150,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average price of $3.35 per share, with a total value of $502,500.00. Following the completion of the purchase, the chief executive officer directly owned 315,740,482 shares of the company’s stock, valued at approximately $1,057,730,614.70. The trade was a 0.05% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 4,200,000 shares of company stock worth $13,797,000 in the last 90 days. Insiders own 73.50% of the company’s stock.

Institutional Investors Weigh In On MINISO Group

Hedge funds have recently modified their holdings of the stock. Serenity Capital Management PTE. LTD. grew its holdings in MINISO Group by 74.9% in the fourth quarter. Serenity Capital Management PTE. LTD. now owns 2,024,455 shares of the company’s stock valued at $37,959,000 after purchasing an additional 866,793 shares during the period. Marshall Wace LLP grew its stake in shares of MINISO Group by 15.8% during the 4th quarter. Marshall Wace LLP now owns 1,981,202 shares of the company’s stock valued at $37,148,000 after buying an additional 270,765 shares during the period. Orbis Allan Gray Ltd grew its stake in shares of MINISO Group by 0.7% during the 4th quarter. Orbis Allan Gray Ltd now owns 1,792,873 shares of the company’s stock valued at $33,616,000 after buying an additional 12,468 shares during the period. WFM ASIA BVI Ltd acquired a new stake in shares of MINISO Group during the 3rd quarter worth $35,624,000. Finally, Millennium Management LLC raised its position in shares of MINISO Group by 38.3% in the 4th quarter. Millennium Management LLC now owns 1,344,121 shares of the company’s stock worth $25,202,000 after buying an additional 372,237 shares during the period. 17.16% of the stock is owned by institutional investors and hedge funds.

MINISO Group Stock Performance

NYSE MNSO opened at $12.87 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.76. MINISO Group has a fifty-two week low of $12.30 and a fifty-two week high of $26.74. The business has a fifty day moving average of $14.44 and a 200-day moving average of $17.18. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 1.24 and a beta of 0.08.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.18). The company had revenue of $825.04 million for the quarter, compared to analyst estimates of $805.60 million. MINISO Group had a net margin of 9.03% and a return on equity of 18.98%. As a group, analysts predict that MINISO Group will post 1.47 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, May 4th. Shareholders of record on Monday, April 20th were paid a dividend of $0.3764 per share. This represents a dividend yield of 479.0%. The ex-dividend date of this dividend was Monday, April 20th. MINISO Group’s dividend payout ratio is currently 77.66%.

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.