Sylebra Capital LLC Sells 46,197 Shares of MINISO Group Holding Limited Unsponsored ADR $MNSO

Key Points

• Sylebra Capital LLC reduced its ownership in MINISO Group by 5.6% in Q1, owning approximately $14.41 million worth of shares after selling 46,197 during the quarter.
• MINISO Group missed earnings estimates for the last quarter with an EPS of $0.22 against a consensus of $1.74, alongside revenue of $692.93 million versus the expected $4.85 billion.
• Several hedge funds increased their stakes in MINISO Group, with KEYWISE CAPITAL MANAGEMENT HK Ltd's investment surging by 76.6% in the last quarter, highlighting growing institutional interest in the company.

Sylebra Capital LLC reduced its stake in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Free Report) by 5.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 779,543 shares of the company's stock after selling 46,197 shares during the quarter. MINISO Group accounts for 0.7% of Sylebra Capital LLC's portfolio, making the stock its 21st largest position. Sylebra Capital LLC owned approximately 0.25% of MINISO Group worth $14,414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Northern Trust Corp raised its stake in shares of MINISO Group by 3.3% in the 4th quarter. Northern Trust Corp now owns 24,232 shares of the company's stock valued at $579,000 after purchasing an additional 784 shares during the period. Brooklyn Investment Group grew its holdings in shares of MINISO Group by 579.4% during 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 acquired a new stake in MINISO Group in the 4th quarter valued at approximately $36,000. Vident Advisory LLC lifted its stake in MINISO Group by 14.5% in the 1st quarter. Vident Advisory LLC now owns 24,680 shares of the company's stock valued at $456,000 after acquiring an additional 3,121 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in MINISO Group during the 1st quarter worth approximately $74,000. Institutional investors own 17.16% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MNSO. Jefferies Financial Group raised shares of MINISO Group from a "hold" rating to a "buy" rating and raised their price target for the stock from $18.50 to $26.20 in a research note on Friday, August 22nd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $20.00 target price on shares of MINISO Group in a report on Tuesday, May 27th. Dbs Bank upgraded shares of MINISO Group to a "moderate buy" rating in a research note on Friday, August 22nd. Finally, Bank of America upgraded shares of MINISO Group from an "underperform" rating to a "neutral" rating in a research note on Thursday, August 21st. One 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, MINISO Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.86.

MINISO Group Stock Performance

NYSE:MNSO traded down $0.60 during mid-day trading on Wednesday, hitting $25.28. The stock had a trading volume of 620,520 shares, compared to its average volume of 1,376,219. MINISO Group Holding Limited Unsponsored ADR has a twelve month low of $12.51 and a twelve month high of $27.71. 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 market cap of $7.85 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 1.65 and a beta of 0.18. The company's 50 day simple moving average is $20.64 and its 200 day simple moving average is $19.19.

MINISO Group (NYSE:MNSO - Get Free Report) last released its quarterly earnings data 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 net margin of 12.63% and a return on equity of 22.60%. The business had revenue of $692.93 million during the quarter, compared to the consensus estimate of $4.85 billion. On average, equities research analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.19 earnings per share for the current year.

MINISO Group Cuts Dividend

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

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.