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

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

Other equities analysts have also issued research reports about the stock. Wall Street Zen lowered shares of MINISO Group from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings lowered MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 25th. Citigroup cut MINISO Group from a “buy” rating to a “neutral” rating and set a $11.30 price objective on the stock. in a research note on Monday. Finally, Nomura downgraded MINISO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.27.

Institutional Investors Weigh In On MINISO Group

A number of institutional investors have recently made changes to their positions in MNSO. XY Capital Ltd bought a new position in shares of MINISO Group during the first quarter worth about $2,841,000. Hsbc Holdings PLC lifted its position in MINISO Group by 243.5% in the 1st quarter. Hsbc Holdings PLC now owns 298,482 shares of the company’s stock valued at $4,844,000 after purchasing an additional 211,587 shares during the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in MINISO Group in the 4th quarter valued at about $243,000. Hantz Financial Services Inc. boosted its stake in MINISO Group by 70.6% during the 4th quarter. Hantz Financial Services Inc. now owns 8,680 shares of the company’s stock valued at $163,000 after purchasing an additional 3,593 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in MINISO Group by 1.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 673,402 shares of the company’s stock valued at $12,626,000 after purchasing an additional 12,315 shares during the period. 17.16% of the stock is currently owned by institutional investors.

MINISO Group Price Performance

The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.14 and a current ratio of 1.57. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.19 and a beta of 0.10. The business’s 50 day simple moving average is $11.79 and its 200-day simple moving average is $14.12.

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. MINISO Group had a return on equity of 19.41% and a net margin of 5.32%.The company had revenue of $855.25 million during the quarter. Research analysts anticipate that MINISO Group Holding Limited Unsponsored ADR will post 1.12 earnings per share for the current year.

MINISO Group Company Profile

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.