Baozun Inc. (BZUN) Receives Consensus Rating of “Buy” from Analysts
Shares of Baozun Inc. (NASDAQ:BZUN) have been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $36.54.
Several research analysts recently issued reports on BZUN shares. Citigroup Inc started coverage on shares of Baozun in a report on Thursday, August 31st. They set a “buy” rating and a $38.00 price target for the company. Zacks Investment Research raised shares of Baozun from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Tuesday, July 25th. Bank of America Corporation increased their price target on shares of Baozun from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, September 11th. Vetr raised shares of Baozun from a “buy” rating to a “strong-buy” rating and set a $39.10 price target for the company in a report on Monday, October 9th. Finally, BidaskClub raised shares of Baozun from a “hold” rating to a “buy” rating in a report on Saturday, July 8th.
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Shares of Baozun (NASDAQ BZUN) opened at 30.45 on Thursday. Baozun has a 52-week low of $10.87 and a 52-week high of $40.65. The stock’s 50 day moving average price is $35.02 and its 200-day moving average price is $35.02. The firm has a market capitalization of $1.65 billion, a PE ratio of 94.27 and a beta of 4.74.
Baozun (NASDAQ:BZUN) last posted its quarterly earnings results on Monday, August 21st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm 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 research analysts anticipate that Baozun will post $0.68 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of BZUN. Sei Investments Co. raised its holdings in Baozun by 24.3% during the first quarter. Sei Investments Co. now owns 7,024 shares of the technology company’s stock worth $105,000 after purchasing an additional 1,373 shares in the last quarter. Citigroup Inc. raised its holdings in Baozun by 29.3% during the second quarter. Citigroup Inc. now owns 5,781 shares of the technology company’s stock worth $128,000 after purchasing an additional 1,311 shares in the last quarter. Global X Management Co. LLC raised its holdings in Baozun by 1.6% during the second quarter. Global X Management Co. LLC now owns 6,759 shares of the technology company’s stock worth $150,000 after purchasing an additional 105 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Baozun by 18.5% during the second quarter. Public Employees Retirement System of Ohio now owns 7,700 shares of the technology company’s stock worth $171,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Pacad Investment Ltd. purchased a new position in Baozun during the second quarter worth about $197,000. 33.69% of the stock is owned by hedge funds and other 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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