Vetr upgraded shares of Baozun (NASDAQ:BZUN) from a sell rating to a hold rating in a research note released on Wednesday. The brokerage currently has $48.97 price objective on the technology company’s stock.

BZUN has been the topic of several other reports. BidaskClub raised shares of Baozun from a hold rating to a buy rating in a research report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Baozun from a hold rating to a sell rating in a research report on Tuesday, November 28th. Finally, Bank of America increased their target price on shares of Baozun from $38.00 to $44.00 and gave the stock a buy rating in a research report on Tuesday, January 30th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Baozun has an average rating of Buy and an average target price of $39.59.

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BZUN stock opened at $50.48 on Wednesday. Baozun has a one year low of $13.95 and a one year high of $52.33. The firm has a market cap of $2,840.74, a price-to-earnings ratio of 91.78 and a beta of 4.29.

Baozun (NASDAQ:BZUN) last posted its quarterly earnings results on Tuesday, March 6th. The technology company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.07. Baozun had a net margin of 5.10% and a return on equity of 13.70%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the business posted $1.26 earnings per share. Baozun’s revenue for the quarter was up 23.0% compared to the same quarter last year. equities research analysts predict that Baozun will post 1.01 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Trustcore Financial Services LLC acquired a new position in Baozun during the fourth quarter worth $103,000. SG Americas Securities LLC acquired a new position in Baozun during the fourth quarter worth $108,000. Legal & General Group Plc acquired a new position in Baozun during the third quarter worth $137,000. Castleark Management LLC acquired a new position in Baozun during the fourth quarter worth $145,000. Finally, Calton & Associates Inc. acquired a new position in Baozun during the fourth quarter worth $199,000. 44.21% of the stock is currently owned by hedge funds and other institutional investors.

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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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