Baozun (NASDAQ:BZUN) issued its quarterly earnings results on Thursday. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.06), MarketWatch Earnings reports. Baozun had a return on equity of 13.70% and a net margin of 5.10%. The business had revenue of $921.20 million for the quarter, compared to analyst estimates of $884.38 million. During the same period in the prior year, the company posted $0.54 EPS. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year.
Baozun stock traded up $1.14 during mid-day trading on Friday, hitting $54.65. The company had a trading volume of 67,597 shares, compared to its average volume of 2,438,842. The firm has a market capitalization of $2.50 billion, a P/E ratio of 98.42 and a beta of 3.86. Baozun has a 1 year low of $44.68 and a 1 year high of $45.82.
A number of analysts recently weighed in on BZUN shares. Vetr upgraded shares of Baozun from a “hold” rating to a “buy” rating and set a $48.41 target price on the stock in a research note on Tuesday, April 17th. BidaskClub lowered shares of Baozun from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 27th. Bank of America upped their target price on shares of Baozun from $38.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. ValuEngine upgraded shares of Baozun from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research upgraded shares of Baozun from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Baozun presently has an average rating of “Buy” and an average target price of $42.68.
A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in Baozun by 9,500.7% in the first quarter. Royal Bank of Canada now owns 142,474 shares of the technology company’s stock valued at $6,537,000 after purchasing an additional 140,990 shares during the last quarter. Millennium Management LLC purchased a new position in Baozun in the first quarter valued at approximately $16,883,000. Point72 Asset Management L.P. increased its stake in Baozun by 6.5% in the first quarter. Point72 Asset Management L.P. now owns 111,579 shares of the technology company’s stock valued at $5,119,000 after purchasing an additional 6,858 shares during the last quarter. Guggenheim Capital LLC increased its stake in Baozun by 5.6% in the first quarter. Guggenheim Capital LLC now owns 113,849 shares of the technology company’s stock valued at $5,223,000 after purchasing an additional 6,071 shares during the last quarter. Finally, Kovack Advisors Inc. purchased a new position in Baozun in the first quarter valued at approximately $211,000. Institutional investors own 42.97% of the company’s stock.
Baozun Inc provides e-commerce solutions for brand partners in the People's Republic of China. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, online store design and setup, visual merchandizing and marketing campaigns, store operations, customer services, warehousing, and order fulfillment.
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