MINISO Group (NYSE:MNSO) Sets New 1-Year Low – What’s Next?

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) shares reached a new 52-week low on Monday . The stock traded as low as $8.55 and last traded at $8.8310, with a volume of 1041752 shares traded. The stock had previously closed at $8.60.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Citigroup cut shares of MINISO Group from a “buy” rating to a “neutral” rating and set a $11.30 price objective for the company. in a research report on Monday, August 31st. Nomura downgraded MINISO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Wall Street Zen lowered MINISO Group from a “hold” rating to a “sell” rating in a report on Saturday, September 12th. Finally, China Intl Cap upgraded MINISO Group to a “strong-buy” rating in a report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.27.

MINISO Group Stock Performance

The stock’s 50 day moving average is $11.16 and its two-hundred day moving average is $13.28. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 15.18 and a beta of 0.10. The company has a current ratio of 1.57, a quick ratio of 1.18 and a debt-to-equity ratio of 0.94.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MNSO. Hsbc Holdings PLC grew its stake in shares of MINISO Group by 243.5% in the first quarter. Hsbc Holdings PLC now owns 298,482 shares of the company’s stock valued at $4,844,000 after buying an additional 211,587 shares in the last quarter. XY Capital Ltd acquired a new position in MINISO Group during the first quarter worth $2,841,000. Renaissance Technologies LLC bought a new stake in MINISO Group during the first quarter worth $478,000. Nykredit A S bought a new stake in MINISO Group during the second quarter worth $242,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in MINISO Group in the second quarter valued at $200,000. 17.16% of the stock is currently owned by institutional investors.

About MINISO Group

MINISO Group Holding Limited is a global value retailer that designs, sources and sells a broad range of lifestyle products under the MINISO brand. Its merchandise includes household goods, personal accessories, beauty and personal-care products, electronics, toys, stationery, food and other everyday consumer items. The company emphasizes affordable pricing, frequent product updates and collaborations with well-known intellectual property brands.

MINISO also operates TOP TOY, a brand focused on collectible toys and related products.