Baozun Inc. (BZUN) Stock Rating Lowered by BidaskClub
Baozun Inc. (NASDAQ:BZUN) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.
Several other brokerages have also recently weighed in on BZUN. Zacks Investment Research raised shares of Baozun from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Tuesday, July 25th. Bank of America Corporation boosted their price objective on shares of Baozun from $26.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, July 21st.
Baozun (NASDAQ BZUN) traded up 1.43% on Friday, hitting $32.02. The stock had a trading volume of 1,828,370 shares. Baozun has a 12-month low of $7.65 and a 12-month high of $34.98. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 130.69 and a beta of 4.66.
Baozun (NASDAQ:BZUN) last issued its quarterly earnings data on Tuesday, May 16th. The technology company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.01. Baozun had a return on equity of 7.82% and a net margin of 2.62%. The business had revenue of $804.90 million during the quarter, compared to the consensus estimate of $802.98 million. During the same period in the prior year, the firm earned $0.04 EPS. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. Analysts anticipate that Baozun will post $0.71 EPS for the current fiscal year.
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Several hedge funds have recently modified their holdings of the company. Matthews International Capital Management LLC boosted its stake in shares of Baozun by 12.9% in the first quarter. Matthews International Capital Management LLC now owns 1,882,441 shares of the technology company’s stock valued at $28,124,000 after buying an additional 215,600 shares in the last quarter. Green Court Capital Management Ltd acquired a new stake in shares of Baozun during the second quarter valued at $32,278,000. Macquarie Group Ltd. acquired a new stake in shares of Baozun during the fourth quarter valued at $16,064,000. Kora Management LP acquired a new stake in shares of Baozun during the first quarter valued at $9,562,000. Finally, Neuberger Berman Group LLC acquired a new stake in shares of Baozun during the first quarter valued at $7,740,000. 28.32% of the stock is currently 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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