Analysts Set MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Price Target at $21.73

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) has earned a consensus recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $21.7333.

A number of equities analysts have issued reports on the company. Weiss Ratings lowered MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. decreased their price target 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. Zacks Research lowered shares of MINISO Group from a “hold” rating to a “strong sell” rating in a research note on Monday, June 15th. Finally, Wall Street Zen raised shares of MINISO Group from a “hold” rating to a “buy” rating in a report on Saturday, May 30th.

MINISO Group Stock Performance

NYSE:MNSO opened at $11.52 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.53 and a quick ratio of 1.14. The firm has a 50-day moving average of $12.84 and a two-hundred day moving average of $16.01. The stock has a market cap of $3.57 billion, a P/E ratio of 12.25, a PEG ratio of 1.42 and a beta of 0.10. MINISO Group has a 1-year low of $11.12 and a 1-year high of $26.74.

MINISO Group (NYSE:MNSO) last announced its earnings results on Friday, May 15th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.17). MINISO Group had a net margin of 9.03% and a return on equity of 18.98%. The business had revenue of $825.04 million for the quarter, compared to analyst estimates of $805.60 million. On average, research analysts expect that MINISO Group will post 1.12 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Yunyun (Alice) Yang bought 150,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were acquired at an average price of $3.35 per share, for a total transaction of $502,500.00. Following the purchase, the vice president owned 315,740,482 shares in the company, valued at $1,057,730,614.70. This trade represents a 0.05% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Guofu Ye purchased 150,000 shares of MINISO Group stock in a transaction dated Monday, June 1st. The shares were bought at an average cost of $3.35 per share, for a total transaction of $502,500.00. Following the transaction, 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 bought a total of 4,200,000 shares of company stock valued at $13,797,000 in the last three months. Insiders own 73.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MNSO. Renaissance Technologies LLC acquired a new stake in shares of MINISO Group during the first quarter worth $478,000. XY Capital Ltd bought a new position in shares of MINISO Group in the 1st quarter worth about $2,841,000. PNC Financial Services Group Inc. boosted its holdings in shares of MINISO Group by 34.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,842 shares of the company’s stock valued at $78,000 after buying an additional 1,251 shares during the period. Parallel Advisors LLC boosted its holdings 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. Finally, Hsbc Holdings PLC grew its position in shares of MINISO Group by 243.5% during the 1st quarter. Hsbc Holdings PLC now owns 298,482 shares of the company’s stock valued at $4,844,000 after buying an additional 211,587 shares during the last quarter. Institutional investors own 17.16% of the company’s stock.

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.