Sylebra Capital LLC Has $32.40 Million Stock Position in MINISO Group Holding Limited (NYSE:MNSO)

Sylebra Capital LLC cut its stake in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,356,368 shares of the company's stock after selling 110,667 shares during the quarter. MINISO Group comprises about 0.9% of Sylebra Capital LLC's investment portfolio, making the stock its 20th largest position. Sylebra Capital LLC owned approximately 0.43% of MINISO Group worth $32,404,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KEYWISE CAPITAL MANAGEMENT HK Ltd grew its holdings in MINISO Group by 76.6% during the 4th quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 9,201,950 shares of the company's stock valued at $219,835,000 after buying an additional 3,992,300 shares during the last quarter. HCEP Management Ltd purchased a new stake in shares of MINISO Group during the fourth quarter worth about $40,613,000. MY.Alpha Management HK Advisors Ltd raised its position in shares of MINISO Group by 37.5% in the fourth quarter. MY.Alpha Management HK Advisors Ltd now owns 554,964 shares of the company's stock valued at $13,258,000 after buying an additional 151,364 shares during the last quarter. Candriam S.C.A. acquired a new stake in MINISO Group during the fourth quarter worth approximately $9,986,000. Finally, Tairen Capital Ltd grew its stake in MINISO Group by 211.7% in the 4th quarter. Tairen Capital Ltd now owns 218,170 shares of the company's stock worth $5,212,000 after acquiring an additional 148,170 shares during the period. 17.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. HSBC assumed coverage on MINISO Group in a research report on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price objective for the company. Hsbc Global Res raised shares of MINISO Group to a "strong-buy" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of MINISO Group from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $15.00 to $22.00 in a research note on Tuesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $20.00 price objective on shares of MINISO Group in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.53.

MINISO Group Stock Down 4.7%

NYSE:MNSO traded down $0.87 during trading hours on Tuesday, hitting $17.42. The stock had a trading volume of 2,225,917 shares, compared to its average volume of 1,727,126. MINISO Group Holding Limited has a 1-year low of $12.51 and a 1-year high of $27.71. The company has a market cap of $5.45 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The business has a 50 day simple moving average of $18.02 and a two-hundred day simple moving average of $20.63.

MINISO Group (NYSE:MNSO - Get Free Report) last released its quarterly earnings results on Friday, May 23rd. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $2.04 by ($1.85). MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. The business had revenue of $609.87 million during the quarter, compared to analyst estimates of $4.35 billion. Analysts predict that MINISO Group Holding Limited will post 1.19 EPS for the current year.

MINISO Group Dividend Announcement

The firm also recently announced a -- dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.3268 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a dividend yield of 1.4%. MINISO Group's dividend payout ratio (DPR) is 56.76%.

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.