Baozun Inc. (NASDAQ:BZUN) had its price objective increased by Bank of America Corporation from $34.00 to $38.00 in a report issued on Monday. The brokerage presently has a “buy” rating on the technology company’s stock. Bank of America Corporation’s price target would suggest a potential upside of 8.88% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Baozun from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Tuesday, July 25th. Citigroup Inc. started coverage on shares of Baozun in a research report on Thursday, August 31st. They set a “buy” rating and a $38.00 price objective for the company. BidaskClub upgraded shares of Baozun from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Deutsche Bank AG cut shares of Baozun from a “buy” rating to a “hold” rating and upped their price objective for the stock from $25.00 to $30.00 in a research report on Wednesday, August 23rd. Finally, Vetr cut shares of Baozun from a “strong-buy” rating to a “buy” rating and set a $32.75 price objective for the company. in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $35.35.

Shares of Baozun (NASDAQ:BZUN) opened at 34.90 on Monday. Baozun has a 12-month low of $10.87 and a 12-month high of $35.67. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 110.44 and a beta of 4.70. The stock’s 50 day moving average is $32.15 and its 200 day moving average is $16.90.

Baozun (NASDAQ:BZUN) last released its quarterly earnings data on Monday, August 21st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.01). The company 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 analysts expect that Baozun will post $0.70 earnings per share for the current year.

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A number of hedge funds have recently added to or reduced their stakes in BZUN. First Trust Advisors LP increased its position in Baozun by 37.3% during the 1st quarter. First Trust Advisors LP now owns 106,370 shares of the technology company’s stock worth $1,589,000 after purchasing an additional 28,909 shares in the last quarter. Sei Investments Co. increased its position in Baozun by 24.3% during the 1st 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. Pioneer Investment Management Inc. acquired a new position in Baozun during the 1st quarter worth approximately $2,450,000. Neuberger Berman Group LLC acquired a new position in Baozun during the 1st quarter worth approximately $7,740,000. Finally, Harvest Fund Management Co. Ltd increased its position in Baozun by 1,673.1% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 443,281 shares of the technology company’s stock worth $6,622,000 after purchasing an additional 418,281 shares in the last quarter. Institutional investors and hedge funds own 30.98% of the company’s stock.

About Baozun

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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