Baozun Inc. (BZUN) Lowered to “Hold” at Deutsche Bank AG
Baozun Inc. (NASDAQ:BZUN) was downgraded by Deutsche Bank AG from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
A number of other research firms have also recently issued reports 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 report on Tuesday, July 25th. BidaskClub cut shares of Baozun from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Finally, Bank of America Corporation increased their price objective on shares of Baozun from $26.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, July 21st.
Baozun (BZUN) opened at 26.23 on Wednesday. Baozun has a 52-week low of $9.57 and a 52-week high of $35.91. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 105.77 and a beta of 4.66. Baozun also was the target of some unusual options trading activity on Monday. Stock investors bought 6,008 call options on the company. This is an increase of approximately 264% compared to the average volume of 1,652 call options.
Baozun (NASDAQ:BZUN) last released its quarterly earnings data on Monday, August 21st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.01. The company had revenue of $131.04 million for the quarter. Baozun had a return on equity of 7.82% and a net margin of 2.62%. On average, equities research analysts expect that Baozun will post $0.71 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in BZUN. Matthews International Capital Management LLC boosted its position in 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 worth $28,124,000 after buying an additional 215,600 shares during the period. Tairen Capital Ltd boosted its position in Baozun by 94.6% in the second quarter. Tairen Capital Ltd now owns 1,777,650 shares of the technology company’s stock worth $21,456,000 after buying an additional 864,041 shares during the period. Green Court Capital Management Ltd bought a new position in Baozun during the second quarter worth about $32,278,000. Harvest Fund Management Co. Ltd boosted its position in Baozun by 78.2% in the second quarter. Harvest Fund Management Co. Ltd now owns 790,142 shares of the technology company’s stock worth $17,517,000 after buying an additional 346,861 shares during the period. Finally, Franklin Resources Inc. bought a new position in Baozun during the second quarter worth about $16,599,000. 27.96% 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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