MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Receives Average Rating of “Hold” from Brokerages

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) has been given a consensus rating of “Hold” by the five ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $24.60.

MNSO has been the subject of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MINISO Group in a report on Friday, March 27th. Zacks Research raised MINISO Group from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th.

Hedge Funds Weigh In On MINISO Group

Hedge funds have recently modified their holdings of the stock. Long Corridor Asset Management Ltd acquired a new position in shares of MINISO Group in the 3rd quarter worth approximately $2,368,000. Fox Run Management L.L.C. acquired a new position in shares of MINISO Group in the 3rd quarter worth approximately $1,275,000. WFM ASIA BVI Ltd acquired a new position in shares of MINISO Group in the 3rd quarter worth approximately $35,624,000. Persistent Asset Partners Ltd acquired a new position in shares of MINISO Group in the 3rd quarter worth approximately $948,000. Finally, Keystone Investors PTE Ltd. raised its holdings in shares of MINISO Group by 32.2% in the 3rd quarter. Keystone Investors PTE Ltd. now owns 192,100 shares of the company’s stock worth $4,322,000 after buying an additional 46,800 shares in the last quarter. 17.16% of the stock is owned by institutional investors and hedge funds.

MINISO Group Price Performance

NYSE MNSO opened at $14.85 on Monday. MINISO Group has a twelve month low of $14.48 and a twelve month high of $26.74. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.23 and a current ratio of 1.66. The stock has a market capitalization of $4.60 billion, a PE ratio of 27.49, a P/E/G ratio of 1.64 and a beta of 0.14. The stock has a 50-day simple moving average of $16.50 and a 200 day simple moving average of $18.80.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.09 earnings per share for the quarter. MINISO Group had a return on equity of 11.15% and a net margin of 5.56%.The business had revenue of $893.90 million during the quarter. Research analysts anticipate that MINISO Group will post 1.47 EPS for the current year.

MINISO Group Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, May 4th. Shareholders of record on Monday, April 20th will be issued a $0.3764 dividend. The ex-dividend date of this dividend is Monday, April 20th. This represents a yield of 479.0%. MINISO Group’s dividend payout ratio is 135.19%.

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.