MINISO Group Holding Limited Unsponsored ADR $MNSO Shares Bought by KEYWISE CAPITAL MANAGEMENT HK Ltd

Key Points

• KEYWISE CAPITAL MANAGEMENT HK Ltd has increased its stake in MINISO Group to 9,212,650 shares, representing approximately 18.4% of its total holdings, making it the fund's second largest position.
• MINISO Group reported $0.22 EPS for the latest quarter, significantly missing analysts' expectations, with revenues of $692.93 million compared to estimated $4.85 billion.
• The company announced a dividend yield of 238.0% with a payout ratio of 58.88% on shares, showing a notable financial strategy adjustment.

KEYWISE CAPITAL MANAGEMENT HK Ltd increased its position in shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Free Report) by 0.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,212,650 shares of the company's stock after buying an additional 10,700 shares during the period. MINISO Group comprises about 18.4% of KEYWISE CAPITAL MANAGEMENT HK Ltd's portfolio, making the stock its 2nd biggest position. KEYWISE CAPITAL MANAGEMENT HK Ltd owned 2.94% of MINISO Group worth $170,342,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of MINISO Group by 66.4% during the first quarter. Royal Bank of Canada now owns 26,928 shares of the company's stock worth $498,000 after buying an additional 10,747 shares during the period. OLD Mission Capital LLC purchased a new position in MINISO Group in the first quarter valued at approximately $952,000. Vident Advisory LLC increased its stake in MINISO Group by 14.5% in the first quarter. Vident Advisory LLC now owns 24,680 shares of the company's stock valued at $456,000 after purchasing an additional 3,121 shares during the last quarter. Linden Advisors LP purchased a new position in MINISO Group in the first quarter valued at approximately $1,566,000. Finally, Brooklyn Investment Group increased its stake in MINISO Group by 579.4% in the first quarter. Brooklyn Investment Group now owns 1,651 shares of the company's stock valued at $31,000 after purchasing an additional 1,408 shares during the last quarter. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

MINISO Group Stock Performance

Shares of MNSO stock traded up $0.25 during trading hours on Tuesday, hitting $25.89. The stock had a trading volume of 508,369 shares, compared to its average volume of 1,157,737. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.92 and a quick ratio of 1.50. The stock's 50 day moving average is $20.49 and its 200 day moving average is $19.15. MINISO Group Holding Limited Unsponsored ADR has a twelve month low of $12.51 and a twelve month high of $27.71. The firm has a market capitalization of $8.04 billion, a PE ratio of 24.20, a PEG ratio of 1.56 and a beta of 0.17.

MINISO Group (NYSE:MNSO - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($1.52). MINISO Group had a return on equity of 22.60% and a net margin of 12.63%.The company had revenue of $692.93 million for the quarter, compared to analyst estimates of $4.85 billion. As a group, research analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.19 earnings per share for the current fiscal year.

MINISO Group Cuts Dividend

The business also recently declared a -- dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be issued a dividend of $0.2896 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a dividend yield of 236.0%. MINISO Group's dividend payout ratio (DPR) is currently 52.34%.

Analyst Ratings Changes

Several equities analysts have commented on MNSO shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $20.00 price target on shares of MINISO Group in a research note on Tuesday, May 27th. Jefferies Financial Group upgraded shares of MINISO Group from a "hold" rating to a "buy" rating and increased their price target for the company from $18.50 to $26.20 in a research note on Friday, August 22nd. Dbs Bank upgraded shares of MINISO Group to a "moderate buy" rating in a research note on Friday, August 22nd. Finally, Bank of America raised MINISO Group from an "underperform" rating to a "neutral" rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.86.

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.