Baozun Inc. (BZUN) Receives Average Recommendation of “Buy” from Analysts
Baozun Inc. (NASDAQ:BZUN) has received an average recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $36.60.
BZUN has been the subject of several research analyst reports. BidaskClub upgraded Baozun from a “buy” rating to a “strong-buy” rating in a report on Monday, July 17th. Zacks Investment Research cut Baozun from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Citigroup Inc. initiated coverage on Baozun in a report on Thursday, August 31st. They set a “buy” rating and a $38.00 price target for the company. Bank of America Corporation raised their price target on Baozun from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, September 11th. Finally, Vetr cut Baozun from a “strong-buy” rating to a “buy” rating and set a $32.75 price target for the company. in a report on Wednesday, September 6th.
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Shares of Baozun (NASDAQ BZUN) opened at 32.76 on Friday. Baozun has a 52-week low of $10.87 and a 52-week high of $40.65.
Baozun (NASDAQ:BZUN) last released its quarterly earnings results on Monday, August 21st. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $131.04 million for the quarter. Baozun had a net margin of 3.26% and a return on equity of 9.19%. On average, equities research analysts predict that Baozun will post $0.69 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BZUN. First Trust Advisors LP grew its holdings in Baozun by 37.3% during 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 in the last quarter. Sei Investments Co. lifted its stake in shares of Baozun by 24.3% in the 1st quarter. Sei Investments Co. now owns 7,024 shares of the technology company’s stock valued at $105,000 after purchasing an additional 1,373 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in shares of Baozun in the 1st quarter valued at approximately $7,740,000. Formula Growth Ltd. bought a new stake in shares of Baozun in the 1st quarter valued at approximately $811,000. Finally, Baillie Gifford & Co. bought a new stake in shares of Baozun in the 1st quarter valued at approximately $1,585,000. Institutional investors and hedge funds own 30.98% of the company’s stock.
Baozun Company Profile
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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