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

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $25.1250.

MNSO has been the topic of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of MINISO Group in a research report on Tuesday, November 25th. They issued a “buy” rating and a $23.00 price target on the stock. Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of MINISO Group in a report on Monday, December 29th.

MINISO Group Stock Performance

Shares of MNSO opened at $19.24 on Wednesday. MINISO Group has a 1 year low of $13.94 and a 1 year high of $26.74. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.26. The stock’s fifty day moving average price is $19.41 and its two-hundred day moving average price is $21.09. The firm has a market cap of $5.95 billion, a PE ratio of 19.84, a PEG ratio of 1.34 and a beta of 0.13.

Institutional Investors Weigh In On MINISO Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Nordea Investment Management AB grew its holdings in shares of MINISO Group by 5.7% during the second quarter. Nordea Investment Management AB now owns 397,322 shares of the company’s stock worth $7,215,000 after purchasing an additional 21,299 shares in the last quarter. Marshall Wace LLP raised its stake in MINISO Group by 131.1% in the second quarter. Marshall Wace LLP now owns 1,776,960 shares of the company’s stock valued at $32,376,000 after purchasing an additional 1,008,048 shares in the last quarter. Serenity Capital Management PTE. LTD. lifted its position in MINISO Group by 149.8% during the second quarter. Serenity Capital Management PTE. LTD. now owns 1,157,662 shares of the company’s stock valued at $21,093,000 after purchasing an additional 694,212 shares during the last quarter. Quadrant Capital Group LLC grew its stake in MINISO Group by 12,244.7% in the 2nd quarter. Quadrant Capital Group LLC now owns 41,972 shares of the company’s stock worth $765,000 after buying an additional 41,632 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in shares of MINISO Group in the 2nd quarter worth $326,000. 17.16% of the stock is owned by hedge funds and other institutional investors.

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.