Sylebra Capital LLC Trims Position in MINISO Group Holding Limited (NYSE:MNSO)

Sylebra Capital LLC reduced its holdings in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 43.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 825,740 shares of the company's stock after selling 641,295 shares during the period. MINISO Group comprises 0.7% of Sylebra Capital LLC's portfolio, making the stock its 22nd largest holding. Sylebra Capital LLC owned 0.26% of MINISO Group worth $19,727,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MNSO. KEYWISE CAPITAL MANAGEMENT HK Ltd increased its holdings in MINISO Group by 76.6% during the fourth 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 bought a new position in shares of MINISO Group in the fourth quarter worth approximately $40,613,000. Candriam S.C.A. bought a new position in shares of MINISO Group in the fourth quarter worth approximately $9,986,000. BNP Paribas Financial Markets bought a new position in shares of MINISO Group in the fourth quarter worth approximately $3,780,000. Finally, MY.Alpha Management HK Advisors Ltd boosted 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 worth $13,258,000 after purchasing an additional 151,364 shares during the period. 17.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MNSO has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $20.00 price target on shares of MINISO Group in a research report on Tuesday. JPMorgan Chase & Co. upgraded shares of MINISO Group from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $15.00 to $22.00 in a research report on Tuesday, March 25th. HSBC initiated coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price target for the company. Finally, Hsbc Global Res upgraded shares of MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, MINISO Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.53.

MINISO Group Price Performance

MNSO stock traded down $0.09 during trading on Wednesday, hitting $17.32. 1,083,932 shares of the company's stock traded hands, compared to its average volume of 1,725,687. MINISO Group Holding Limited has a 52 week low of $12.51 and a 52 week high of $27.71. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. The business has a fifty day simple moving average of $17.92 and a 200 day simple moving average of $20.59. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 0.80 and a beta of 0.18.

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

MINISO Group Dividend Announcement

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