MINISO Group (NYSE:MNSO) Upgraded at Zacks Research

Zacks Research upgraded shares of MINISO Group (NYSE:MNSO) from a strong sell rating to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of MINISO Group in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft began coverage on MINISO Group in a research note on Tuesday, November 25th. They set a “buy” rating and a $23.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, MINISO Group currently has a consensus rating of “Moderate Buy” and an average target price of $25.13.

MINISO Group Trading Down 0.6%

MNSO opened at $18.92 on Thursday. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.33 and a beta of 0.13. The company has a quick ratio of 1.26, a current ratio of 1.65 and a debt-to-equity ratio of 0.73. MINISO Group has a twelve month low of $13.94 and a twelve month high of $26.74. The company has a 50-day simple moving average of $19.44 and a 200 day simple moving average of $21.06.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of MINISO Group during the 3rd quarter valued at $25,000. PNC Financial Services Group Inc. boosted its stake in shares of MINISO Group by 141.0% during the second quarter. PNC Financial Services Group Inc. now owns 1,933 shares of the company’s stock valued at $35,000 after purchasing an additional 1,131 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of 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 purchasing an additional 2,079 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of MINISO Group by 37.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock valued at $41,000 after buying an additional 608 shares during the period. Finally, Venturi Wealth Management LLC bought a new position in MINISO Group in the 4th quarter valued at approximately $199,000. 17.16% of the stock is currently owned by institutional investors.

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.