Baozun Inc. (BZUN) Given Average Recommendation of “Strong Buy” by Brokerages
Baozun Inc. (NASDAQ:BZUN) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating. Baozun’s rating score has improved by 20% from 90 days ago as a result of various analysts’ ratings changes.
Analysts have set a 12-month consensus target price of $36.00 for the company, according to Zacks. Zacks has also assigned Baozun an industry rank of 169 out of 265 based on the ratings given to its competitors.
A number of equities research analysts recently weighed in on the stock. Bank of America Corporation raised their price target on shares of Baozun from $26.00 to $36.00 and gave the company a “buy” rating in a report on Friday, July 21st. 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. Finally, BidaskClub raised shares of Baozun from a “buy” rating to a “strong-buy” rating in a report on Monday, July 17th.
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Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in Baozun by 94.8% in the first quarter. Bank of America Corp DE now owns 174,506 shares of the technology company’s stock worth $2,608,000 after buying an additional 84,936 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its position in shares of Baozun by 367.6% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 159,000 shares of the technology company’s stock valued at $2,376,000 after buying an additional 125,000 shares in the last quarter. UBS Group AG raised its position in shares of Baozun by 1,170.6% in the first quarter. UBS Group AG now owns 309,758 shares of the technology company’s stock valued at $4,628,000 after buying an additional 338,690 shares in the last quarter. Matthews International Capital Management LLC raised its position in shares of 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 valued at $28,124,000 after buying an additional 215,600 shares in the last quarter. Finally, Baillie Gifford & Co. bought a new position in shares of Baozun during the first quarter valued at $1,585,000. 28.32% of the stock is owned by institutional investors and hedge funds.
Baozun (BZUN) traded up 3.17% during trading on Thursday, hitting $31.57. 1,567,701 shares of the company’s stock traded hands. Baozun has a 12-month low of $7.65 and a 12-month high of $34.98. The firm has a market cap of $1.54 billion, a P/E ratio of 137.26 and a beta of 4.64.
Baozun (NASDAQ:BZUN) last released its quarterly earnings data on Tuesday, May 16th. The technology company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.01. The business had revenue of $804.90 million during the quarter, compared to analyst estimates of $802.98 million. Baozun had a return on equity of 7.82% and a net margin of 2.62%. Baozun’s revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 EPS. On average, equities research analysts expect that Baozun will post $0.70 EPS for the current year.
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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