Equities researchers at Citigroup Inc. started coverage on shares of Baozun Inc. (NASDAQ:BZUN) in a report issued on Thursday, August 31st. The firm set a “buy” rating and a $38.00 price target on the technology company’s stock. Citigroup Inc.’s target price would suggest a potential upside of 0.80% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on the stock. BidaskClub upgraded shares of Baozun from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. Deutsche Bank AG lowered shares of Baozun from a “buy” rating to a “hold” rating and raised their target price for the company from $25.00 to $30.00 in a research note on Wednesday, August 23rd. Bank of America Corporation raised their target price on shares of Baozun from $26.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Finally, Zacks Investment Research raised shares of Baozun from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Baozun presently has a consensus rating of “Buy” and a consensus price target of $36.52.
Baozun (BZUN) traded up 3.40% on Thursday, reaching $37.70. The company had a trading volume of 5,588,109 shares. The stock has a 50 day moving average price of $35.71 and a 200 day moving average price of $26.21. Baozun has a 52-week low of $10.87 and a 52-week high of $39.61. The stock has a market capitalization of $2.05 billion, a PE ratio of 118.18 and a beta of 4.70.
Baozun (NASDAQ:BZUN) last announced its earnings results on Monday, August 21st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The firm 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%. Analysts expect that Baozun will post $0.70 EPS for the current year.
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A number of institutional investors and hedge funds have recently modified their holdings of BZUN. Sei Investments Co. increased its holdings in Baozun by 24.3% during the first quarter. Sei Investments Co. now owns 7,024 shares of the technology company’s stock worth $105,000 after buying an additional 1,373 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Baozun by 29.3% in the second quarter. Citigroup Inc. now owns 5,781 shares of the technology company’s stock valued at $128,000 after purchasing an additional 1,311 shares during the last quarter. Global X Management Co. LLC increased its holdings in shares of Baozun by 1.6% in the second quarter. Global X Management Co. LLC now owns 6,759 shares of the technology company’s stock valued at $150,000 after purchasing an additional 105 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Baozun by 18.5% in the second quarter. Public Employees Retirement System of Ohio now owns 7,700 shares of the technology company’s stock valued at $171,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Pacad Investment Ltd. acquired a new position in shares of Baozun in the second quarter valued at $197,000. Institutional investors and hedge funds 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.
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