Sylebra Capital LLC trimmed its holdings in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,356,368 shares of the company's stock after selling 110,667 shares during the period. MINISO Group makes up about 0.9% of Sylebra Capital LLC's investment portfolio, making the stock its 20th largest holding. Sylebra Capital LLC owned 0.43% of MINISO Group worth $32,404,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of MINISO Group by 83.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock valued at $39,000 after acquiring an additional 734 shares during the last quarter. Northern Trust Corp boosted its position in shares of MINISO Group by 3.3% during the 4th 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. SBI Securities Co. Ltd. purchased a new position in MINISO Group in the fourth quarter worth about $31,000. Barclays PLC purchased a new position in MINISO Group in the fourth quarter worth about $36,000. Finally, Blue Trust Inc. lifted its stake in MINISO Group by 66.5% in the fourth quarter. Blue Trust Inc. now owns 8,674 shares of the company's stock worth $207,000 after purchasing an additional 3,464 shares during the last quarter. 17.16% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on MNSO. JPMorgan Chase & Co. raised shares of MINISO Group from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $15.00 to $22.00 in a research note on Tuesday, March 25th. Hsbc Global Res raised shares of MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $20.00 price target on shares of MINISO Group in a report on Tuesday. Finally, HSBC initiated coverage on shares of MINISO Group in a report on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.53.
View Our Latest Stock Analysis on MINISO Group
MINISO Group Stock Performance
NYSE:MNSO traded down $0.09 during mid-day trading on Wednesday, hitting $17.32. The company's stock had a trading volume of 481,651 shares, compared to its average volume of 1,722,278. MINISO Group Holding Limited has a 1 year low of $12.51 and a 1 year high of $27.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 0.80 and a beta of 0.18. The business's fifty day moving average is $17.95 and its two-hundred day moving average is $20.61.
MINISO Group (NYSE:MNSO - Get Free Report) last issued its quarterly earnings data on Friday, May 23rd. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $2.04 by ($1.85). The firm had revenue of $609.87 million during the quarter, compared to analyst estimates of $4.35 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. Analysts anticipate that MINISO Group Holding Limited will post 1.19 EPS for the current fiscal year.
MINISO Group Announces Dividend
The company also recently disclosed a -- dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th were given a $0.3268 dividend. 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 currently 56.76%.
MINISO Group Company Profile
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Free Report)
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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