Serenity Capital Management PTE. LTD. Purchases Shares of 463,450 MINISO Group Holding Limited Unsponsored ADR $MNSO

Key Points

• Serenity Capital Management PTE. LTD. has acquired 463,450 shares of MINISO Group Holding Limited, valued at approximately $8.57 million, making it the firm's 5th largest holding.
• Shares of MINISO Group are currently trading at $24.51, having a market capitalization of $7.61 billion and a twelve-month stock range of $12.51 to $27.71.
• The company reported earnings of $0.22 per share for the last quarter, significantly missing the consensus estimate, along with announcing a cut in dividend payout.

Serenity Capital Management PTE. LTD. acquired a new stake in shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 463,450 shares of the company's stock, valued at approximately $8,569,000. MINISO Group comprises about 5.1% of Serenity Capital Management PTE. LTD.'s portfolio, making the stock its 5th largest holding. Serenity Capital Management PTE. LTD. owned about 0.15% of MINISO Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Northern Trust Corp raised 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 during the last quarter. Brooklyn Investment Group raised 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 worth $31,000 after buying an additional 1,408 shares in the last quarter. Barclays PLC bought a new position in MINISO Group in the fourth quarter worth about $36,000. Vident Advisory LLC raised 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 worth $456,000 after buying an additional 3,121 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in MINISO Group in the first quarter worth about $74,000. 17.16% of the stock is owned by institutional investors.

MINISO Group Price Performance

Shares of MNSO opened at $24.51 on Monday. The company has a market capitalization of $7.61 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 1.56 and a beta of 0.17. The company has a quick ratio of 1.50, a current ratio of 1.92 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average of $20.34 and a 200 day moving average of $19.11. MINISO Group Holding Limited Unsponsored ADR has a twelve month low of $12.51 and a twelve month high of $27.71.

MINISO Group (NYSE:MNSO - Get Free Report) last announced 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). The firm had revenue of $692.93 million for the quarter, compared to the consensus estimate of $4.85 billion. MINISO Group had a net margin of 12.63% and a return on equity of 22.60%. As a group, equities research analysts anticipate 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 announced a -- dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be issued a $0.2896 dividend. The ex-dividend date is Friday, September 5th. This represents a yield of 236.0%. MINISO Group's dividend payout ratio (DPR) is currently 52.34%.

Analyst Upgrades and Downgrades

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

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.

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