ABS Direct Equity Fund LLC Decreases Stock Holdings in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO)

ABS Direct Equity Fund LLC lowered its position in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Free Report) by 52.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,054 shares of the company's stock after selling 40,387 shares during the quarter. ABS Direct Equity Fund LLC's holdings in MINISO Group were worth $685,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MNSO. EverSource Wealth Advisors LLC increased its holdings in shares of MINISO Group by 83.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock valued at $39,000 after purchasing an additional 734 shares during the period. Northern Trust Corp grew its stake in shares of MINISO Group by 3.3% during the fourth quarter. Northern Trust Corp now owns 24,232 shares of the company's stock valued at $579,000 after acquiring an additional 784 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of MINISO Group in the 4th quarter valued at about $31,000. Barclays PLC bought a new stake in shares of MINISO Group during the 4th quarter valued at about $36,000. Finally, Quantinno Capital Management LP increased its holdings in shares of MINISO Group by 47.5% in the 4th quarter. Quantinno Capital Management LP now owns 16,067 shares of the company's stock worth $384,000 after acquiring an additional 5,172 shares during the period. Institutional investors and hedge funds own 17.16% of the company's stock.

MINISO Group Price Performance

MNSO traded up $0.09 during midday trading on Wednesday, hitting $17.97. The stock had a trading volume of 489,910 shares, compared to its average volume of 1,717,838. MINISO Group Holding Limited Unsponsored ADR has a 1 year low of $12.51 and a 1 year high of $27.71. The company has a market cap of $5.62 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 1.06 and a beta of 0.15. The business has a fifty day moving average of $18.02 and a 200 day moving average of $20.62. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.54 and a current ratio of 1.99.

MINISO Group (NYSE:MNSO - Get Free Report) last announced its quarterly earnings data on Friday, May 23rd. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $2.04 by ($1.85). The business had revenue of $609.87 million during the quarter, compared to analysts' expectations of $4.35 billion. MINISO Group had a return on equity of 24.23% and a net margin of 13.85%. As a group, equities analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.19 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The company also recently declared a -- dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.3268 per share. This represents a yield of 1.4%. The ex-dividend date was Tuesday, April 8th. MINISO Group's dividend payout ratio is presently 56.76%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MNSO. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $20.00 price target on shares of MINISO Group in a research report on Tuesday, May 27th. HSBC started coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They set a "buy" rating and a $29.30 price target on the stock. Hsbc Global Res upgraded MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded shares of MINISO Group from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $15.00 to $22.00 in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.53.

MINISO Group 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.