MINISO Group (NYSE:MNSO) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of MINISO Group (NYSE:MNSO) in a research report issued on Tuesday. The firm set a “buy” rating and a $23.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 20.04% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group upgraded MINISO Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $18.50 to $26.20 in a research report on Friday, August 22nd. Dbs Bank raised shares of MINISO Group to a “moderate buy” rating in a research report on Friday, August 22nd. Weiss Ratings cut shares of MINISO Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Finally, Bank of America upgraded shares of MINISO Group from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.13.

MINISO Group Stock Performance

Shares of MINISO Group stock traded down $0.09 on Tuesday, hitting $19.16. The stock had a trading volume of 290,411 shares, compared to its average volume of 1,081,147. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 1.25 and a beta of 0.15. The company has a quick ratio of 1.50, a current ratio of 1.92 and a debt-to-equity ratio of 0.71. MINISO Group has a twelve month low of $13.94 and a twelve month high of $27.71. The business’s 50 day moving average is $21.99 and its two-hundred day moving average is $20.69.

Hedge Funds Weigh In On MINISO Group

Several hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in MINISO Group by 3.4% in the third quarter. Ameriprise Financial Inc. now owns 15,268 shares of the company’s stock valued at $344,000 after buying an additional 498 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of MINISO Group by 28.3% in the third quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock worth $56,000 after acquiring an additional 547 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of 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 purchasing an additional 595 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of MINISO Group by 37.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock valued at $41,000 after purchasing an additional 608 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in MINISO Group in the 3rd quarter valued at approximately $25,000. 17.16% of the stock is owned by institutional investors.

About MINISO Group

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.