Sylebra Capital LLC Decreases Stake in 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 decreased its position in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Free Report) by 5.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 779,543 shares of the company's stock after selling 46,197 shares during the quarter. MINISO Group makes up approximately 0.7% of Sylebra Capital LLC's portfolio, making the stock its 21st largest holding. Sylebra Capital LLC owned 0.25% of MINISO Group worth $14,414,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of MNSO. Northern Trust Corp boosted 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 in the last quarter. Brooklyn Investment Group grew its stake 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 purchasing an additional 1,408 shares during the period. Barclays PLC bought a new stake in shares of MINISO Group in the fourth quarter valued at about $36,000. Vident Advisory LLC grew its stake in shares of 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 buying an additional 3,121 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of MINISO Group in the first quarter valued at $74,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

MINISO Group Price Performance

MNSO stock traded down $0.70 during midday trading on Friday, reaching $24.60. The stock had a trading volume of 513,663 shares, compared to its average volume of 1,146,976. MINISO Group Holding Limited Unsponsored ADR has a 52-week low of $12.51 and a 52-week high of $27.71. The company has a current ratio of 1.92, a quick ratio of 1.50 and a debt-to-equity ratio of 0.71. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 1.61 and a beta of 0.18. The company's fifty day simple moving average is $20.92 and its 200 day simple moving average is $19.27.

MINISO Group (NYSE:MNSO - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.22 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 company had revenue of $692.93 million during the quarter, compared to analyst estimates of $4.85 billion. As a group, sell-side analysts predict 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. Stockholders of record on Friday, September 5th will be issued a dividend of $0.2896 per share. This represents a dividend yield of 236.0%. The ex-dividend date is Friday, September 5th. MINISO Group's payout ratio is currently 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.