MINISO Group (NYSE:MNSO) Shares Gap Up – What’s Next?

MINISO Group Holding Limited (NYSE:MNSO) gapped up prior to trading on Friday . The stock had previously closed at $19.72, but opened at $20.70. MINISO Group shares last traded at $20.87, with a volume of 260,628 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Hsbc Global Res raised MINISO Group to a “strong-buy” rating in a research report on Wednesday, February 26th. HSBC started coverage on MINISO Group in a research report on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, MINISO Group presently has a consensus rating of “Moderate Buy” and an average target price of $23.70.

MINISO Group Price Performance

The company has a market cap of $6.47 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10. The company has a fifty day moving average price of $22.22 and a two-hundred day moving average price of $20.30. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17.

Institutional Trading of MINISO Group

Several institutional investors have recently bought and sold shares of MNSO. LMR Partners LLP acquired a new stake in MINISO Group in the 3rd quarter valued at $11,384,000. Citigroup Inc. boosted its stake in MINISO Group by 553.7% in the 3rd quarter. Citigroup Inc. now owns 390,286 shares of the company’s stock valued at $6,846,000 after buying an additional 330,579 shares in the last quarter. FMR LLC boosted its stake in MINISO Group by 230.2% in the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock valued at $73,000 after buying an additional 2,884 shares in the last quarter. Erste Asset Management GmbH acquired a new position in MINISO Group in the third quarter worth $685,000. Finally, Centiva Capital LP acquired a new position in MINISO Group in the third quarter worth $255,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

MINISO Group Company Profile

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.