Baozun Inc. (NASDAQ:BZUN) Upgraded to “Strong-Buy” by BidaskClub
Baozun Inc. (NASDAQ:BZUN) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Friday.
Other research analysts have also recently issued research reports about the stock. Bank of America Corporation boosted their price objective on shares of Baozun from $26.00 to $36.00 and gave the company a “buy” rating in a report on Friday, July 21st. Zacks Investment Research upgraded shares of Baozun from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th.
Baozun (BZUN) traded down 2.40% during trading on Friday, reaching $31.72. 1,017,297 shares of the company were exchanged. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 128.42 and a beta of 4.66. The firm has a 50-day moving average of $28.67 and a 200-day moving average of $19.69. Baozun has a 52-week low of $9.02 and a 52-week high of $34.98.
Baozun (NASDAQ:BZUN) last issued its quarterly earnings data on Tuesday, May 16th. The technology company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.01. The firm had revenue of $804.90 million for the quarter, compared to analyst estimates of $802.98 million. Baozun had a net margin of 2.62% and a return on equity of 7.82%. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 EPS. On average, equities analysts forecast that Baozun will post $0.71 EPS for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in BZUN. Global X Management Co. LLC boosted its position in Baozun by 1.6% in the second quarter. Global X Management Co. LLC now owns 6,759 shares of the technology company’s stock valued at $150,000 after buying an additional 105 shares during the period. Sei Investments Co. boosted its position in Baozun by 24.3% in the first quarter. Sei Investments Co. now owns 7,024 shares of the technology company’s stock valued at $105,000 after buying an additional 1,373 shares during the period. Credit Suisse AG boosted its position in Baozun by 5.7% in the first quarter. Credit Suisse AG now owns 27,208 shares of the technology company’s stock valued at $406,000 after buying an additional 1,463 shares during the period. TIAA CREF Investment Management LLC boosted its position in Baozun by 11.3% in the second quarter. TIAA CREF Investment Management LLC now owns 18,700 shares of the technology company’s stock valued at $415,000 after buying an additional 1,900 shares during the period. Finally, Pioneer Investment Management Inc. boosted its position in Baozun by 1.3% in the second quarter. Pioneer Investment Management Inc. now owns 166,131 shares of the technology company’s stock valued at $3,683,000 after buying an additional 2,140 shares during the period. Institutional investors own 28.44% of the company’s stock.
Baozun Company Profile
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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