Baozun Inc. (NASDAQ:BZUN) Downgraded to Buy at BidaskClub
BidaskClub downgraded shares of Baozun Inc. (NASDAQ:BZUN) from a strong-buy rating to a buy rating in a research report report published on Friday morning.
Other equities analysts also recently issued reports about the company. Bank of America Corporation lifted their price target on Baozun from $26.00 to $36.00 and gave the stock a buy rating in a research note on Friday, July 21st. Zacks Investment Research upgraded Baozun from a sell rating to a hold rating in a research note on Tuesday, July 18th.
Shares of Baozun (BZUN) traded up 1.43% during mid-day trading on Friday, hitting $32.02. The company had a trading volume of 1,828,370 shares. Baozun has a 52-week low of $7.65 and a 52-week high of $34.98. The firm has a market capitalization of $1.71 billion, a PE ratio of 130.69 and a beta of 4.66.
Baozun (NASDAQ:BZUN) last posted its quarterly earnings results on Tuesday, May 16th. The technology company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.01. The firm had revenue of $804.90 million during the quarter, compared to analyst estimates of $802.98 million. Baozun had a return on equity of 7.82% and a net margin of 2.62%. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the business posted $0.04 earnings per share. Equities research analysts expect that Baozun will post $0.71 EPS for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of BZUN. Global X Management Co. LLC increased its position in shares of Baozun by 1.6% in the second quarter. Global X Management Co. LLC now owns 6,759 shares of the technology company’s stock worth $150,000 after buying an additional 105 shares during the last quarter. Sei Investments Co. increased its position in shares of Baozun by 24.3% in the first quarter. Sei Investments Co. now owns 7,024 shares of the technology company’s stock worth $105,000 after buying an additional 1,373 shares during the last quarter. Credit Suisse AG increased its position in shares of Baozun by 5.7% in the first quarter. Credit Suisse AG now owns 27,208 shares of the technology company’s stock worth $406,000 after buying an additional 1,463 shares during the last quarter. Pioneer Investment Management Inc. increased its position in shares of Baozun by 1.3% in the second quarter. Pioneer Investment Management Inc. now owns 166,131 shares of the technology company’s stock worth $3,683,000 after buying an additional 2,140 shares during the last quarter. Finally, Rehmann Capital Advisory Group bought a new position in shares of Baozun during the second quarter worth approximately $283,000. Institutional investors and hedge funds own 28.32% 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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