MINISO Group (NYSE:MNSO) Stock Rating Lowered by Wall Street Zen

MINISO Group (NYSE:MNSO) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts have also recently weighed in on MNSO. Weiss Ratings cut MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. dropped their price target on MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Finally, Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, MINISO Group has a consensus rating of “Hold” and an average price target of $19.50.

MINISO Group Stock Performance

Shares of NYSE MNSO traded down $0.48 during trading hours on Friday, hitting $10.33. 2,133,958 shares of the stock were exchanged, compared to its average volume of 694,409. MINISO Group has a one year low of $10.01 and a one year high of $25.92. The company’s 50 day moving average is $11.91 and its 200 day moving average is $14.36. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.53 and a quick ratio of 1.14. The firm has a market capitalization of $3.20 billion, a P/E ratio of 10.99, a P/E/G ratio of 1.34 and a beta of 0.11.

MINISO Group (NYSE:MNSO) last announced its earnings results on Friday, August 14th. The company reported $0.26 EPS for the quarter. MINISO Group had a net margin of 9.03% and a return on equity of 18.98%. The firm had revenue of $855.25 million for the quarter. On average, research analysts expect that MINISO Group will post 1.12 EPS for the current year.

Insider Activity

In related news, VP Yunyun (Alice) Yang bought 150,000 shares of MINISO Group stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average price of $3.35 per share, for a total transaction of $502,500.00. Following the completion of the purchase, the vice president owned 315,740,482 shares in the company, valued at approximately $1,057,730,614.70. This represents a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Guofu Ye bought 150,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were purchased at an average cost of $3.35 per share, for a total transaction of $502,500.00. Following the completion of the transaction, the chief executive officer owned 315,740,482 shares of the company’s stock, valued at $1,057,730,614.70. This represents a 0.05% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 73.50% of the company’s stock.

Institutional Trading of MINISO Group

Institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. increased its position in shares of MINISO Group by 3.4% during the third quarter. Ameriprise Financial Inc. now owns 15,268 shares of the company’s stock valued at $344,000 after purchasing an additional 498 shares during the period. PNC Financial Services Group Inc. increased its holdings in MINISO Group by 28.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock valued at $56,000 after buying an additional 547 shares during the period. American Century Companies Inc. increased its holdings in MINISO Group by 0.4% in the 2nd quarter. American Century Companies Inc. now owns 133,224 shares of the company’s stock valued at $2,427,000 after buying an additional 595 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of 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 buying an additional 608 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of 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 buying an additional 609 shares in the last quarter. Institutional investors and hedge funds own 17.16% of the company’s stock.

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.