Baozun Inc. (BZUN) Stock Rating Lowered by Vetr Inc.
Baozun Inc. (NASDAQ:BZUN) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday. They currently have a $37.25 price objective on the technology company’s stock. Vetr‘s target price would suggest a potential upside of 9.30% from the company’s previous close.
A number of other brokerages have also recently commented on BZUN. Zacks Investment Research raised shares of Baozun from a “sell” rating to a “hold” rating and set a $41.00 target price on the stock in a report on Wednesday, September 13th. BidaskClub raised shares of Baozun from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Bank of America Corporation lifted their target price on shares of Baozun from $26.00 to $36.00 and gave the company a “buy” rating in a report on Friday, July 21st. Citigroup Inc. began coverage on shares of Baozun in a report on Thursday, August 31st. They issued a “buy” rating and a $38.00 target price on the stock. Finally, Deutsche Bank AG cut shares of Baozun from a “buy” rating to a “hold” rating and lifted their target price for the company from $25.00 to $30.00 in a report on Wednesday, August 23rd. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $36.85.
Baozun (NASDAQ:BZUN) traded up 1.70% during mid-day trading on Tuesday, hitting $34.68. 733,149 shares of the stock were exchanged. Baozun has a 52-week low of $10.87 and a 52-week high of $40.65.
Baozun (NASDAQ:BZUN) last announced its earnings results on Monday, August 21st. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The business had revenue of $131.04 million during the quarter. Baozun had a net margin of 3.26% and a return on equity of 9.19%. Equities research analysts expect that Baozun will post $0.69 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in BZUN. First Trust Advisors LP increased its stake in Baozun by 37.3% in the 1st quarter. First Trust Advisors LP now owns 106,370 shares of the technology company’s stock valued at $1,589,000 after buying an additional 28,909 shares during the period. Sei Investments Co. boosted its position in shares of 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. Neuberger Berman Group LLC purchased a new stake in shares of Baozun during the 1st quarter worth $7,740,000. Baillie Gifford & Co. purchased a new stake in shares of Baozun during the 1st quarter worth $1,585,000. Finally, Matthews International Capital Management LLC boosted its position in shares of Baozun by 12.9% during the 1st quarter. Matthews International Capital Management LLC now owns 1,882,441 shares of the technology company’s stock worth $28,124,000 after purchasing an additional 215,600 shares in the last quarter. 30.98% of the stock is currently owned by 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.
Receive News & Stock Ratings for Baozun Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baozun Inc. and related stocks with our FREE daily email newsletter.