Baozun (NASDAQ:BZUN) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Baozun (NASDAQ:BZUN) from a sell rating to a hold rating in a research report report published on Monday, Zacks.com reports.

According to Zacks, “Baozun Inc. offers digital and e-commerce service primarily in China. The Company’s services include website design, development and hosting, information technology infrastructure, customer service, warehousing and logistics services as well as digital marketing. Baozun Inc. is based in SHANGHAI, China. “

BZUN has been the topic of several other reports. CLSA set a $64.00 target price on shares of Baozun and gave the company a buy rating in a report on Friday, July 12th. BidaskClub downgraded shares of Baozun from a buy rating to a hold rating in a research note on Tuesday, August 6th. Macquarie assumed coverage on shares of Baozun in a research note on Friday, July 5th. They issued a buy rating and a $60.00 price target on the stock. Jefferies Financial Group assumed coverage on shares of Baozun in a research note on Monday, August 5th. They issued a buy rating and a $59.20 price target on the stock. Finally, Credit Suisse Group reissued an outperform rating on shares of Baozun in a research note on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $55.55.

NASDAQ:BZUN opened at $42.26 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.50. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 71.54 and a beta of 3.22. The company’s 50-day moving average is $48.99 and its two-hundred day moving average is $42.82. Baozun has a 1-year low of $27.81 and a 1-year high of $58.01.

Baozun (NASDAQ:BZUN) last posted its earnings results on Wednesday, August 21st. The technology company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($1.21). The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.58 billion. Baozun had a net margin of 4.99% and a return on equity of 13.77%. The business’s revenue for the quarter was up 47.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 earnings per share. As a group, equities analysts anticipate that Baozun will post 1.19 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB purchased a new stake in shares of Baozun in the 1st quarter valued at approximately $233,000. Dimensional Fund Advisors LP increased its stake in Baozun by 24.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 235,257 shares of the technology company’s stock worth $6,880,000 after buying an additional 46,740 shares during the period. Geode Capital Management LLC increased its stake in Baozun by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 99,776 shares of the technology company’s stock worth $2,899,000 after buying an additional 1,722 shares during the period. Ocean Arete Ltd. increased its stake in Baozun by 61.6% during the 1st quarter. Ocean Arete Ltd. now owns 93,900 shares of the technology company’s stock worth $3,901,000 after buying an additional 35,800 shares during the period. Finally, Penserra Capital Management LLC increased its stake in Baozun by 367.9% during the 1st quarter. Penserra Capital Management LLC now owns 136,459 shares of the technology company’s stock worth $5,668,000 after buying an additional 107,294 shares during the period. 61.97% of the stock is currently owned by institutional investors and hedge funds.

About Baozun

Baozun Inc provides brand e-commerce service to brand partners in the People's Republic of China. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, sale 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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