MINISO Group (NYSE:MNSO) Stock Price Up 3.6% Following Analyst Upgrade

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO)’s stock price traded up 3.6% during mid-day trading on Tuesday after China Intl Cap upgraded the stock to a strong-buy rating. The company traded as high as $9.62 and last traded at $9.6350. Approximately 282,359 shares were traded during trading, a decline of 54% from the average session volume of 608,550 shares. The stock had previously closed at $9.30.

MNSO has been the topic of a number of other research reports. Citigroup cut shares of MINISO Group from a “buy” rating to a “neutral” rating and set a $11.30 target price on the stock. in a research note on Monday. HSBC reiterated a “hold” rating and issued a $10.80 price target on shares of MINISO Group in a research report on Monday. Wall Street Zen downgraded shares of MINISO Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Zacks Research upgraded shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.27.

Institutional Investors Weigh In On MINISO Group

Institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its holdings in shares of MINISO Group by 3.4% in the third quarter. Ameriprise Financial Inc. now owns 15,268 shares of the company’s stock worth $344,000 after buying an additional 498 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in MINISO Group by 28.3% during the third quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock valued at $56,000 after acquiring an additional 547 shares in the last quarter. American Century Companies Inc. grew its stake in MINISO Group by 0.4% during the second quarter. American Century Companies Inc. now owns 133,224 shares of the company’s stock valued at $2,427,000 after acquiring an additional 595 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in MINISO Group by 37.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock valued at $41,000 after acquiring an additional 608 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in MINISO Group by 1.4% in the 4th quarter. Quadrant Capital Group LLC now owns 42,897 shares of the company’s stock valued at $804,000 after acquiring an additional 609 shares during the last quarter. 17.16% of the stock is owned by hedge funds and other institutional investors.

MINISO Group Stock Performance

The firm has a market cap of $2.99 billion, a PE ratio of 16.62, a PEG ratio of 1.19 and a beta of 0.10. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.94. The firm’s 50 day simple moving average is $11.79 and its 200 day simple moving average is $14.12.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.26 earnings per share for the quarter. MINISO Group had a return on equity of 19.41% and a net margin of 5.32%.The firm had revenue of $855.25 million during the quarter. On average, research analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.12 EPS for the current fiscal year.

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.