MINISO Group Holding Limited Unsponsored ADR $MNSO Shares Purchased 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 MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Free Report) by 0.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,212,650 shares of the company's stock after acquiring an additional 10,700 shares during the quarter. MINISO Group comprises approximately 18.4% of KEYWISE CAPITAL MANAGEMENT HK Ltd's holdings, making the stock its 2nd biggest position. KEYWISE CAPITAL MANAGEMENT HK Ltd owned about 2.94% of MINISO Group worth $170,342,000 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. Barclays PLC bought a new position in MINISO Group in the 4th quarter worth approximately $36,000. The Manufacturers Life Insurance Company boosted its stake in MINISO Group by 54.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 215,206 shares of the company's stock worth $5,141,000 after purchasing an additional 75,697 shares during the period. Northern Trust Corp boosted its stake in MINISO Group by 3.3% in the 4th quarter. Northern Trust Corp now owns 24,232 shares of the company's stock worth $579,000 after purchasing an additional 784 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in MINISO Group in the 4th quarter worth approximately $1,085,000. Finally, BNP Paribas Financial Markets bought a new position in MINISO Group in the 4th quarter worth approximately $3,780,000. 17.16% of the stock is owned by hedge funds and other institutional investors.

MINISO Group Trading Down 2.1%

MNSO stock traded down $0.55 during midday trading on Wednesday, reaching $25.34. The company's stock had a trading volume of 275,326 shares, compared to its average volume of 1,152,416. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.50 and a current ratio of 1.92. The stock has a fifty day simple moving average of $20.64 and a two-hundred day simple moving average of $19.19. MINISO Group Holding Limited Unsponsored ADR has a 1 year low of $12.51 and a 1 year high of $27.71. The firm has a market capitalization of $7.87 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.63 and a beta of 0.17.

MINISO Group (NYSE:MNSO - Get Free Report) last issued its earnings results on Thursday, August 21st. The company reported $0.22 earnings per share (EPS) 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 business had revenue of $692.93 million for the quarter, compared to the consensus estimate of $4.85 billion. On average, equities research analysts predict that MINISO Group Holding Limited Unsponsored ADR will post 1.19 EPS for the current year.

MINISO Group Cuts Dividend

The company also recently announced 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 payout ratio is 51.40%.

Wall Street Analyst Weigh In

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