Baozun Inc. (BZUN) Stock Rating Upgraded by Vetr Inc.
Baozun Inc. (NASDAQ:BZUN) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a report released on Tuesday. The brokerage currently has a $39.68 price objective on the technology company’s stock. Vetr‘s price target would suggest a potential upside of 12.66% from the stock’s current price.
Several other equities analysts have also recently issued reports on BZUN. BidaskClub raised Baozun from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Zacks Investment Research cut Baozun from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Bank of America Corporation boosted their price objective on Baozun from $26.00 to $36.00 and gave the company a “buy” rating in a report on Friday, July 21st. Deutsche Bank AG cut Baozun from a “buy” rating to a “hold” rating and boosted their price objective for the company from $25.00 to $30.00 in a report on Wednesday, August 23rd. Finally, Citigroup Inc. started coverage on Baozun in a report on Thursday, August 31st. They issued a “buy” rating and a $38.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $37.34.
Shares of Baozun (NASDAQ:BZUN) traded down 4.01% during mid-day trading on Tuesday, reaching $35.22. The company’s stock had a trading volume of 3,061,416 shares. Baozun has a 12-month low of $10.87 and a 12-month high of $40.65.
Baozun (NASDAQ:BZUN) last issued its quarterly earnings data on Monday, August 21st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). The company had revenue of $131.04 million during the quarter. Baozun had a net margin of 3.26% and a return on equity of 9.19%. Equities analysts forecast that Baozun will post $0.69 earnings per share for the current fiscal year.
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A number of large investors have recently bought and sold shares of BZUN. Green Court Capital Management Ltd purchased a new position in Baozun in the second quarter valued at $32,278,000. Tairen Capital Ltd grew its holdings in shares of Baozun by 94.6% during the second quarter. Tairen Capital Ltd now owns 1,777,650 shares of the technology company’s stock worth $21,456,000 after purchasing an additional 864,041 shares during the last quarter. Franklin Resources Inc. purchased a new position in shares of Baozun during the second quarter worth about $16,599,000. Myriad Asset Management Ltd. purchased a new position in shares of Baozun during the second quarter worth about $8,868,000. Finally, Flowering Tree Investment Management Pte. Ltd. purchased a new position in shares of Baozun during the second quarter worth about $8,567,000. 30.98% of the stock is currently owned by hedge funds and other institutional investors.
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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