Keywise Capital Management recently announced the acquisition of new stake in MINISO Group Holding Limited (NYSE:MNSO). The institutional investor has increased its shareholding in the Consumer Cyclical company by 49.56% to 4.36 million shares with purchase of 1.45 million shares. This fresh investment now brings its stake to 1.38% valued currently at $80.43 million. In addition, Acadian Asset Management LLC raised its holdings by 2.95 million to 2.95 million shares. And BlackRock Fund Advisors has lifted its position by 356,351.06% or 2.7 million shares – to 2.7 million shares.
With over 1.44 million MINISO Group Holding Limited (MNSO) shares trading Monday and a closing price of $16.99 on the day, the dollar volume was approximately $24.46 million. The shares have shown a positive half year performance of 69.56% and its price on 05/22/23 gained nearly 5.46%. Currently, there are 314.69M common shares owned by the public and among those 299.99M shares have been available to trade.
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The analysts have set the share’s price value over the next 12 months at a high of $185.94 and a low of $37.64. The average price target is 27.08% above its recent price level and an upside to the estimated low will see the stock gain 54.86% over that period. But an upside of 90.86% will see the stock hit the forecast high price target while median target price for the stock is $159.07.
The top 3 mutual fund holders in MINISO Group Holding Limited are Canada Pension Plan, Government Pension Fund – Global, and Schroder ISF – Greater China. Canada Pension Plan owns 13.47 million shares of the company’s stock, all valued at over $248.41 million. The company bought an additional 6.55 million shares recently to bring their total holdings to about 4.26% of the shares outstanding. Government Pension Fund – Global bought 4.17 million shares to see its total holdings expand to 5.18 million shares valued at over $95.43 million and representing 1.64% of the shares outstanding. Schroder ISF – Greater China now owns shares totaling to 0.86% of the shares outstanding.
Shares of MINISO Group Holding Limited (NYSE: MNSO) opened at $16.23, up $0.12 from a prior closing price of $16.11. However, the script later moved the day high at 17.09, up 5.46%. The company’s stock has a 5-day price change of -1.96% and 9.54% over the past three months. MNSO shares are trading 58.34% year to date (YTD), with the 12-month market performance up to 213.26% higher. It has a 12-month low price of $4.45 and touched a high of $19.49 over the same period. MNSO has an average intraday trading volume of 1.61 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.45%, -0.65%, and 45.60% respectively.
Institutional ownership of MINISO Group Holding Limited (NYSE: MNSO) shares accounts for 17.30% of the company’s 314.69M shares outstanding. Mutual fund holders own 13.62%, while other institutional holders and individual stakeholders account for 7.76% and — respectively.
It has a market capitalization of $5.83B. The stock’s trailing 12-month PE ratio is 35.03, while the earnings-per-share (ttm) stands at $0.48. The company has a PEG of 0.70 and a Quick Ratio of 2.00 with the debt-to-equity ratio at 0.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.15% over the week and 5.70% over the month.
Analysts forecast that MINISO Group Holding Limited (MNSO) will achieve an EPS of $0.18 for the current quarter, $0.2 for the next quarter and $0.96 for 2024. The lowest estimate earnings-per-share for the quarter is $0.18 while analysts give the company a high EPS estimate of $0.19. Comparatively, EPS for the current quarter was $0.1 a year ago. Earnings per share for the fiscal year are expected to increase by 140.90%, and 23.40% over the next financial year. EPS should shrink at an annualized rate of 50.01% over the next five years, compared to 75.99% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 16 brokerage firm advisors rate MINISO Group Holding Limited (MNSO) as a “Strong Buy” at a consensus score of 1.60. Specifically, 13 Wall Street analysts polled rate the stock as a buy, while 0 of the 16 advise that investors “hold,” and 0 rated it as a “Sell.”
