Shares of Baozun Inc (NASDAQ:BZUN) shot up 6.9% during trading on Tuesday . The stock traded as high as $48.14 and last traded at $47.03, 2,122,193 shares traded hands during mid-day trading. An increase of 19% from the average session volume of 1,777,264 shares. The stock had previously closed at $44.01.
Several brokerages have commented on BZUN. Jefferies Financial Group began coverage on shares of Baozun in a research note on Monday, August 5th. They issued a “buy” rating and a $59.20 price target on the stock. Macquarie began coverage on shares of Baozun in a research note on Friday, July 5th. They issued a “buy” rating and a $60.00 price target on the stock. Credit Suisse Group reiterated an “outperform” rating on shares of Baozun in a research note on Wednesday, July 17th. BidaskClub cut shares of Baozun from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, ValuEngine upgraded shares of Baozun from a “hold” rating to a “buy” rating in a research note on Saturday, July 6th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $55.55.
The company has a market cap of $2.73 billion, a price-to-earnings ratio of 71.26 and a beta of 3.22. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.50 and a current ratio of 1.84. The stock has a 50 day simple moving average of $49.79.
Baozun (NASDAQ:BZUN) last announced its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Baozun had a return on equity of 13.77% and a net margin of 4.99%. The firm’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 EPS. As a group, research analysts predict that Baozun Inc will post 1.07 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in BZUN. Bank of New York Mellon Corp lifted its stake in shares of Baozun by 40.2% during the fourth quarter. Bank of New York Mellon Corp now owns 53,562 shares of the technology company’s stock valued at $1,564,000 after acquiring an additional 15,367 shares during the period. Northern Trust Corp lifted its stake in Baozun by 11.2% in the fourth quarter. Northern Trust Corp now owns 256,967 shares of the technology company’s stock valued at $7,507,000 after buying an additional 25,960 shares during the period. Dimensional Fund Advisors LP lifted its stake in Baozun by 24.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 235,257 shares of the technology company’s stock valued at $6,880,000 after buying an additional 46,740 shares during the period. Geode Capital Management LLC lifted its stake in Baozun by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 99,776 shares of the technology company’s stock valued at $2,899,000 after buying an additional 1,722 shares during the period. Finally, Norges Bank acquired a new position in Baozun in the fourth quarter valued at about $5,425,000. Hedge funds and other institutional investors own 57.52% of the company’s stock.
Baozun Company Profile (NASDAQ:BZUN)
Baozun Inc provides brand e-commerce service to brand partners in the People's Republic of China. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, sale 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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