Zacks Investment Research cut shares of Baozun Inc. (NASDAQ:BZUN) from a buy rating to a hold rating in a research note issued to investors on Friday morning.
According to Zacks, “Baozun Inc. offers digital and e-commerce service primarily in China. The Company’s services include website design, development and hosting, information technology infrastructure, customer service, warehousing and logistics services as well as digital marketing. Baozun Inc. is based in SHANGHAI, China. “
A number of other brokerages have also weighed in on BZUN. Vetr lowered shares of Baozun from a strong-buy rating to a hold rating and set a $37.25 target price for the company. in a research note on Tuesday, October 3rd. Citigroup Inc. initiated coverage on shares of Baozun in a research note on Thursday, August 31st. They set a buy rating and a $38.00 target price for the company. BidaskClub lowered Baozun from a strong-buy rating to a buy rating in a research note on Friday, August 4th. Deutsche Bank AG lowered Baozun from a buy rating to a hold rating and upped their price objective for the stock from $25.00 to $30.00 in a research note on Wednesday, August 23rd. Finally, Bank of America Corporation upped their price objective on Baozun from $26.00 to $36.00 and gave the stock a buy rating in a research note on Friday, July 21st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Baozun presently has an average rating of Buy and a consensus price target of $36.54.
Shares of Baozun (BZUN) opened at $32.86 on Friday. The firm has a market cap of $1,784.76, a price-to-earnings ratio of 91.28 and a beta of 4.64. Baozun has a 12 month low of $10.87 and a 12 month high of $40.65.
Baozun (NASDAQ:BZUN) last announced its earnings results on Monday, August 21st. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The company had revenue of $131.04 million for the quarter. Baozun had a net margin of 3.26% and a return on equity of 9.19%. analysts expect that Baozun will post 0.58 EPS for the current year.
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Large investors have recently bought and sold shares of the company. Legal & General Group Plc purchased a new stake in shares of Baozun in the 3rd quarter worth $137,000. Russell Investments Group Ltd. purchased a new stake in shares of Baozun in the 3rd quarter worth $187,000. Citigroup Inc. increased its stake in shares of Baozun by 29.3% in the 2nd quarter. Citigroup Inc. now owns 5,781 shares of the technology company’s stock worth $128,000 after purchasing an additional 1,311 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of Baozun by 1.6% in the 2nd quarter. Global X Management Co. LLC now owns 6,759 shares of the technology company’s stock worth $150,000 after purchasing an additional 105 shares in the last quarter. Finally, SignalPoint Asset Management LLC purchased a new stake in shares of Baozun in the 3rd quarter worth $238,000. Hedge funds and other institutional investors own 37.51% of the company’s stock.
Baozun Inc is a brand e-commerce solutions company. The Company is engaged in providing end-to-end e-commerce solutions, including the sales of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing and order fulfillment.
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