Sylebra Capital LLC lessened its position in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 43.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 825,740 shares of the company's stock after selling 641,295 shares during the quarter. MINISO Group accounts for 0.7% of Sylebra Capital LLC's portfolio, making the stock its 22nd largest position. Sylebra Capital LLC owned about 0.26% of MINISO Group worth $19,727,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Vise Technologies Inc. purchased a new stake in MINISO Group during the 4th quarter worth approximately $366,000. Vident Advisory LLC increased its stake in shares of MINISO Group by 34.4% during the fourth quarter. Vident Advisory LLC now owns 21,559 shares of the company's stock worth $515,000 after purchasing an additional 5,523 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in shares of MINISO Group during the fourth quarter worth about $237,000. Two Sigma Investments LP purchased a new stake in shares of MINISO Group during the fourth quarter worth $1,514,000. Finally, Tairen Capital Ltd grew its stake in shares of MINISO Group by 211.7% in the 4th quarter. Tairen Capital Ltd now owns 218,170 shares of the company's stock valued at $5,212,000 after buying an additional 148,170 shares during the period. Institutional investors own 17.16% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. Hsbc Global Res upgraded shares of MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. HSBC started coverage on shares of MINISO Group in a report on Wednesday, February 26th. They set a "buy" rating and a $29.30 target price on the stock. JPMorgan Chase & Co. raised shares of MINISO Group from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $15.00 to $22.00 in a research report on Tuesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $20.00 price objective on shares of MINISO Group in a research 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.53.
Read Our Latest Research Report on MNSO
MINISO Group Price Performance
Shares of NYSE MNSO traded down $0.51 during midday trading on Friday, hitting $17.01. The company had a trading volume of 1,158,229 shares, compared to its average volume of 1,726,876. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17. MINISO Group Holding Limited has a twelve month low of $12.51 and a twelve month high of $27.71. The business has a 50-day simple moving average of $17.88 and a two-hundred day simple moving average of $20.57. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18.
MINISO Group (NYSE:MNSO - Get Free Report) last announced its earnings results on Friday, May 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $4.35 billion. Equities research analysts anticipate that MINISO Group Holding Limited will post 1.19 earnings per share for the current year.
MINISO Group Dividend Announcement
The business also recently declared a -- dividend, which was paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th were issued a $0.3268 dividend. The ex-dividend date was Tuesday, April 8th. This represents a yield of 1.4%. MINISO Group's dividend payout ratio is presently 56.76%.
MINISO Group Company Profile
(
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.
Further Reading
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