MINISO Group (NYSE:MNSO) Stock Jumps 3.8% – Here’s What Happened

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) shares traded up 3.8% on Wednesday. The company traded as high as $10.37 and last traded at $10.2950. Approximately 356,167 shares changed hands during trading, a decline of 47% from the average session volume of 669,185 shares. The stock had previously closed at $9.92.

Wall Street Analyst Weigh In

MNSO has been the subject of several analyst reports. China Intl Cap raised MINISO Group to a “strong-buy” rating in a research note on Monday, August 31st. Citigroup cut 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. Wall Street Zen upgraded shares of MINISO Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 26th. Nomura lowered shares of MINISO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Finally, Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.27.

MINISO Group Trading Up 3.3%

The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 17.66 and a beta of 0.16. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.18 and a current ratio of 1.57. The firm has a fifty day moving average of $10.01 and a 200-day moving average of $12.36.

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

Institutional Investors Weigh In On MINISO Group

A number of hedge funds have recently bought and sold shares of MNSO. Sequoia Financial Advisors LLC bought a new position in MINISO Group during the second quarter worth $200,000. WINTON GROUP Ltd acquired a new position in shares of MINISO Group in the 2nd quarter valued at $140,000. Allworth Financial LP raised its position in shares of MINISO Group by 5,641.7% in the 2nd quarter. Allworth Financial LP now owns 2,067 shares of the company’s stock valued at $25,000 after acquiring an additional 2,031 shares during the period. Nykredit A S acquired a new stake in MINISO Group during the 2nd quarter worth approximately $242,000. Finally, Parallel Advisors LLC lifted its position in MINISO Group by 794.7% in the 1st quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock valued at $36,000 after acquiring an additional 1,947 shares in the last quarter. 17.16% of the stock is currently owned by institutional investors.

MINISO Group Company Profile

MINISO Group Holding Limited is a global value retailer that operates the MINISO brand of lifestyle product stores. The company offers a broad range of merchandise, including household goods, personal care products, beauty accessories, electronics, toys, stationery, food and beverages, fashion accessories, and seasonal products. Its retail model emphasizes affordable prices, frequent product updates, and collaborations with popular intellectual property brands.

Founded in 2013, MINISO has expanded from its origins in China into an international retail business.