Baozun Inc (NASDAQ:BZUN) Given Average Rating of “Strong Buy” by Brokerages
Baozun Inc (NASDAQ:BZUN) has been given a consensus broker rating score of 1.25 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a 1-year consensus target price of $14.00 for the company, according to Zacks. Zacks has also assigned Baozun an industry rank of 109 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised Baozun from a “sell” rating to a “buy” rating and set a $8.25 price target on the stock in a research report on Tuesday, July 26th.
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Baozun (NASDAQ:BZUN) traded down 1.3458% during midday trading on Tuesday, reaching $15.0053. The company had a trading volume of 197,447 shares. Baozun has a 1-year low of $4.50 and a 1-year high of $15.96. The company has a market capitalization of $745.52 million, a P/E ratio of 192.3756 and a beta of 5.03. The firm has a 50-day moving average of $11.25 and a 200 day moving average of $7.54.
Baozun (NASDAQ:BZUN) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.13. The firm had revenue of $700.30 million for the quarter, compared to the consensus estimate of $101.81 million. During the same period in the previous year, the company posted $0.24 EPS. Baozun’s quarterly revenue was up 35.3% compared to the same quarter last year. On average, equities research analysts forecast that Baozun will post $0.29 EPS for the current year.
Several institutional investors have recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. purchased a new position in Baozun during the first quarter worth about $175,000. State Street Corp bought a new stake in shares of Baozun during the second quarter worth $210,000. GSA Capital Partners LLP boosted its stake in shares of Baozun by 3.0% in the second quarter. GSA Capital Partners LLP now owns 55,020 shares of the company’s stock worth $357,000 after buying an additional 1,620 shares during the period. BlackRock Institutional Trust Company N.A. bought a new stake in shares of Baozun during the second quarter worth $558,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Baozun by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 116,895 shares of the company’s stock worth $755,000 after buying an additional 740 shares during the period.
Baozun Inc, formerly Baozun Cayman Inc, is a holding company. The Company through its wholly owned subsidiary, Shanghai Baozun E-Commerce Limited, provides e-commerce solutions in China. The Company is a digital and e-commerce service partner in China. The Company is engaged in providing 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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