Analysts Set MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Price Target at $24.60

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) have been given a consensus rating of “Hold” by the five research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $24.60.

Several analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MINISO Group in a research report on Friday, March 27th. Zacks Research raised MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th.

Institutional Trading of MINISO Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Long Corridor Asset Management Ltd purchased a new stake in shares of MINISO Group during the 3rd quarter valued at $2,368,000. Fox Run Management L.L.C. purchased a new stake in shares of MINISO Group during the 3rd quarter valued at $1,275,000. WFM ASIA BVI Ltd acquired a new stake in MINISO Group in the 3rd quarter worth approximately $35,624,000. Persistent Asset Partners Ltd acquired a new stake in MINISO Group in the 3rd quarter worth approximately $948,000. Finally, Keystone Investors PTE Ltd. boosted its stake in 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 purchasing an additional 46,800 shares in the last quarter. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Stock Down 4.1%

Shares of NYSE MNSO opened at $12.97 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $4.02 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 1.49 and a beta of 0.14. The stock’s fifty day simple moving average is $15.37 and its two-hundred day simple moving average is $17.94. MINISO Group has a 12-month low of $12.93 and a 12-month high of $26.74.

MINISO Group (NYSE:MNSO) last announced its earnings results on Tuesday, May 26th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.35. The business had revenue of $824.42 million for the quarter, compared to analysts’ expectations of $805.60 million. MINISO Group had a return on equity of 11.15% and a net margin of 5.56%. As a group, analysts expect that MINISO Group will post 1.47 EPS for the current fiscal year.

MINISO Group Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, May 4th. Stockholders of record on Monday, April 20th were issued a dividend of $0.3764 per share. This represents a dividend yield of 479.0%. The ex-dividend date was Monday, April 20th. MINISO Group’s dividend payout ratio is currently 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.