EverSource Wealth Advisors LLC Has $39,000 Holdings in MINISO Group Holding Limited (NYSE:MNSO)

EverSource Wealth Advisors LLC increased its holdings in MINISO Group Holding Limited (NYSE:MNSO) by 83.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,618 shares of the company’s stock after buying an additional 734 shares during the period. EverSource Wealth Advisors LLC’s holdings in MINISO Group were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in MINISO Group during the 4th quarter worth $31,000. FMR LLC increased its position in shares of MINISO Group by 230.2% in the third quarter. FMR LLC now owns 4,137 shares of the company’s stock worth $73,000 after purchasing an additional 2,884 shares during the period. SG Americas Securities LLC bought a new stake in MINISO Group during the fourth quarter worth about $163,000. Quantinno Capital Management LP acquired a new stake in MINISO Group during the third quarter worth about $191,000. Finally, Blue Trust Inc. increased its holdings in MINISO Group by 66.5% in the 4th quarter. Blue Trust Inc. now owns 8,674 shares of the company’s stock valued at $207,000 after buying an additional 3,464 shares during the period. 17.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. HSBC started coverage on shares of MINISO Group in a report on Wednesday, February 26th. They set a “buy” rating and a $29.30 price target for the company. Hsbc Global Res raised MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.70.

MINISO Group Trading Down 4.8 %

MNSO opened at $20.75 on Friday. The company’s 50 day moving average is $21.94 and its 200-day moving average is $20.42. The company has a market cap of $6.48 billion, a P/E ratio of 18.70, a PEG ratio of 0.80 and a beta of 0.10. MINISO Group Holding Limited has a 1-year low of $12.51 and a 1-year high of $27.71. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17.

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.