Vetr Inc. Lowers Baozun Inc. (BZUN) to Hold
Vetr downgraded shares of Baozun Inc. (NASDAQ:BZUN) from a strong-buy rating to a hold rating in a research report report published on Tuesday. Vetr currently has $37.25 target price on the technology company’s stock.
Several other research firms have also recently commented on BZUN. Zacks Investment Research upgraded Baozun from a hold rating to a buy rating and set a $38.00 target price for the company in a research note on Tuesday, July 25th. Citigroup Inc. initiated coverage on Baozun in a research note on Thursday, August 31st. They set a buy rating and a $38.00 target price for the company. BidaskClub cut Baozun from a strong-buy rating to a buy rating in a research note on Friday, August 4th. Deutsche Bank AG cut Baozun from a buy rating to a hold rating and increased their target price for the company from $25.00 to $30.00 in a research note on Wednesday, August 23rd. Finally, Bank of America Corporation increased their target price on Baozun from $26.00 to $36.00 and gave the company a buy rating in a research note on Friday, July 21st. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $36.85.
Baozun (BZUN) traded up 0.730% during mid-day trading on Tuesday, reaching $34.611. 242,411 shares of the company’s stock were exchanged. Baozun has a 52 week low of $10.87 and a 52 week high of $40.65.
Baozun (NASDAQ:BZUN) last released its earnings results on Monday, August 21st. The technology company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). The business 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%. Equities research analysts expect that Baozun will post $0.69 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. boosted its stake in shares of Baozun by 29.3% during the 2nd quarter. Citigroup Inc. now owns 5,781 shares of the technology company’s stock valued at $128,000 after buying an additional 1,311 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of Baozun by 1.6% during the 2nd quarter. Global X Management Co. LLC now owns 6,759 shares of the technology company’s stock valued at $150,000 after buying an additional 105 shares during the last quarter. Sei Investments Co. boosted its stake 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 valued at $105,000 after buying an additional 1,373 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Baozun by 18.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,700 shares of the technology company’s stock valued at $171,000 after buying an additional 1,200 shares during the last quarter. Finally, Pacad Investment Ltd. purchased a new position in shares of Baozun during the 2nd quarter valued at approximately $197,000. Institutional investors own 30.98% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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