Baozun (NASDAQ:BZUN) Upgraded by ValuEngine to Hold

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ValuEngine upgraded shares of Baozun (NASDAQ:BZUN) from a sell rating to a hold rating in a research note released on Tuesday morning, ValuEngine reports.

BZUN has been the topic of a number of other research reports. CLSA set a $64.00 price objective on Baozun and gave the company a buy rating in a report on Friday, July 12th. Macquarie began coverage on Baozun in a report on Friday, July 5th. They set a buy rating and a $60.00 price objective on the stock. Bank of America lowered their price objective on Baozun from $53.00 to $49.00 and set a buy rating on the stock in a report on Monday, August 26th. Jefferies Financial Group began coverage on Baozun in a report on Monday, August 5th. They set a buy rating and a $59.20 price objective on the stock. Finally, BidaskClub lowered Baozun from a buy rating to a hold rating in a report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Baozun has an average rating of Buy and an average target price of $54.24.

BZUN opened at $41.09 on Tuesday. Baozun has a fifty-two week low of $27.81 and a fifty-two week high of $56.47. The business has a 50-day moving average of $44.82 and a 200-day moving average of $45.15. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.94 and a quick ratio of 2.55. The company has a market capitalization of $2.59 billion, a PE ratio of 54.09 and a beta of 3.21.

Baozun (NASDAQ:BZUN) last posted its quarterly earnings results on Wednesday, August 21st. The technology company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($1.21). Baozun had a return on equity of 14.50% and a net margin of 5.05%. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the business earned $0.96 earnings per share. The firm’s revenue for the quarter was up 47.0% on a year-over-year basis. On average, equities research analysts expect that Baozun will post 1.04 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board grew its holdings in shares of Baozun by 4,736.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 532 shares of the technology company’s stock worth $27,000 after purchasing an additional 521 shares in the last quarter. SevenBridge Financial Group LLC acquired a new stake in shares of Baozun during the 2nd quarter worth approximately $72,000. AdvisorNet Financial Inc acquired a new stake in shares of Baozun during the 2nd quarter worth approximately $78,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Baozun during the 2nd quarter worth approximately $79,000. Finally, Korea Investment CORP grew its holdings in shares of Baozun by 325.0% during the 2nd quarter. Korea Investment CORP now owns 1,700 shares of the technology company’s stock worth $85,000 after purchasing an additional 1,300 shares in the last quarter. 66.59% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Baozun (NASDAQ:BZUN)

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