Vetr Inc. Downgrades Baozun Inc. (BZUN) to Sell
Vetr downgraded shares of Baozun Inc. (NASDAQ:BZUN) from a hold rating to a sell rating in a research note issued to investors on Wednesday. The firm currently has $35.58 price objective on the technology company’s stock.
Other equities analysts have also recently issued research reports about the company. Bank of America Corporation boosted their price target on Baozun from $34.00 to $38.00 and gave the stock a buy rating in a report on Monday, September 11th. Citigroup Inc. initiated coverage on Baozun in a report on Thursday, August 31st. They set a buy rating and a $38.00 price target for the company. BidaskClub raised Baozun from a hold rating to a buy rating in a report on Saturday, July 8th. Zacks Investment Research raised Baozun from a hold rating to a buy rating and set a $38.00 price target for the company in a report on Tuesday, July 25th. Finally, Deutsche Bank AG cut Baozun from a buy rating to a hold rating and boosted their price target for the stock from $25.00 to $30.00 in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $36.52.
Shares of Baozun (BZUN) traded up 3.40% on Wednesday, hitting $37.70. The company had a trading volume of 5,588,109 shares. The firm has a 50-day moving average price of $35.71 and a 200 day moving average price of $26.21. Baozun has a 12-month low of $10.87 and a 12-month high of $39.61. The company has a market capitalization of $2.05 billion, a P/E ratio of 118.18 and a beta of 4.70.
Baozun (NASDAQ:BZUN) last posted its quarterly earnings results on Monday, August 21st. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Baozun had a return on equity of 9.19% and a net margin of 3.26%. The business had revenue of $131.04 million for the quarter. Equities analysts expect that Baozun will post $0.70 EPS for the current year.
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Institutional investors and hedge funds have recently modified their holdings of the business. Sei Investments Co. increased its holdings in Baozun by 24.3% in the 1st quarter. Sei Investments Co. now owns 7,024 shares of the technology company’s stock worth $105,000 after purchasing an additional 1,373 shares in the last quarter. Citigroup Inc. increased its holdings in 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 holdings in 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. Public Employees Retirement System of Ohio increased its holdings in Baozun by 18.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,700 shares of the technology company’s stock worth $171,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Pacad Investment Ltd. acquired a new position in Baozun in the 2nd quarter worth about $197,000. 30.98% of the stock is owned by institutional investors and hedge funds.
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.
To view Vetr’s full report, visit Vetr’s official website.
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