11,597 Shares in MINISO Group Holding Limited Unsponsored ADR $MNSO Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,597 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors have also bought and sold shares of the company. Barclays PLC acquired a new stake in MINISO Group in the fourth quarter worth about $36,000. Banque Cantonale Vaudoise acquired a new stake in MINISO Group in the first quarter worth about $74,000. D. E. Shaw & Co. Inc. acquired a new stake in MINISO Group in the fourth quarter worth about $231,000. Two Sigma Advisers LP acquired a new stake in MINISO Group in the fourth quarter worth about $237,000. Finally, QRG Capital Management Inc. acquired a new stake in MINISO Group in the first quarter worth about $216,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

MINISO Group Price Performance

Shares of MINISO Group stock opened at $20.9170 on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.54 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average price is $18.65 and its two-hundred day moving average price is $18.98. MINISO Group Holding Limited Unsponsored ADR has a 52 week low of $12.51 and a 52 week high of $27.71. The stock has a market cap of $6.50 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 1.18 and a beta of 0.16.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings results on Friday, May 23rd. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $2.04 by ($1.85). MINISO Group had a return on equity of 24.23% and a net margin of 13.85%.The business had revenue of $609.87 million during the quarter, compared to the consensus estimate of $4.35 billion. As a group, sell-side analysts anticipate that MINISO Group Holding Limited Unsponsored ADR will post 1.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $20.00 price objective on shares of MINISO Group in a report on Tuesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $24.53.

MINISO Group Profile

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.