Baozun Inc. (BZUN) Downgraded by Zacks Investment Research to Hold
Zacks Investment Research lowered shares of Baozun Inc. (NASDAQ:BZUN) from a buy rating to a hold rating in a report released on Friday morning.
According to Zacks, “Baozun Inc. offers digital and e-commerce service primarily in China. The Company’s services include website design, development and hosting, information technology infrastructure, customer service, warehousing and logistics services as well as digital marketing. Baozun Inc. is based in SHANGHAI, China. “
Several other equities analysts have also issued reports on BZUN. Vetr raised Baozun from a sell rating to a hold rating and set a $35.98 target price for the company in a report on Tuesday, September 26th. Deutsche Bank AG lowered Baozun from a buy rating to a hold rating and upped their target price for the company from $25.00 to $30.00 in a report on Wednesday, August 23rd. Finally, BidaskClub raised Baozun from a buy rating to a strong-buy rating in a report on Friday, August 11th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $36.54.
Shares of Baozun (NASDAQ:BZUN) opened at $34.63 on Friday. The company has a market capitalization of $1,784.76, a P/E ratio of 91.28 and a beta of 4.64. Baozun has a twelve month low of $10.87 and a twelve month high of $40.65.
Baozun (NASDAQ:BZUN) last issued its quarterly earnings data on Monday, August 21st. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The company had revenue of $131.04 million for the quarter. Baozun had a return on equity of 9.19% and a net margin of 3.26%. equities analysts anticipate that Baozun will post 0.58 EPS for the current year.
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Several hedge funds have recently added to or reduced their stakes in BZUN. Citigroup Inc. grew its holdings in shares of Baozun by 29.3% in the second quarter. Citigroup Inc. now owns 5,781 shares of the technology company’s stock valued at $128,000 after acquiring an additional 1,311 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Baozun in the third quarter valued at approximately $137,000. Global X Management Co. LLC grew its holdings 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 valued at $150,000 after acquiring an additional 105 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Baozun by 18.5% in the second quarter. Public Employees Retirement System of Ohio now owns 7,700 shares of the technology company’s stock valued at $171,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in Baozun in the third quarter valued at approximately $187,000. 37.51% of the stock is owned by institutional investors.
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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