Baozun Inc (NASDAQ:BZUN) has been given an average broker rating score of 1.25 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a 12-month consensus price objective of $14.00 for the company, according to Zacks. Zacks has also assigned Baozun an industry rank of 103 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered Baozun from a “buy” rating to a “hold” rating in a research report on Monday, August 8th.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. acquired a new position in shares of Baozun during the first quarter valued at about $21,544,000. Indus Capital Partners LLC increased its stake in Baozun by 27.8% in the second quarter. Indus Capital Partners LLC now owns 395,110 shares of the company’s stock valued at $2,627,000 after buying an additional 86,023 shares in the last quarter. BlackRock Institutional Trust Company N.A. bought a new stake in Baozun during the second quarter valued at $558,000. State Street Corp bought a new stake in Baozun during the second quarter valued at $210,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in Baozun during the first quarter valued at $175,000.
Shares of Baozun (NASDAQ:BZUN) opened at 15.41 on Tuesday. The stock has a market cap of $765.63 million, a P/E ratio of 197.56 and a beta of 5.03. The company has a 50 day moving average price of $12.08 and a 200 day moving average price of $7.79. Baozun has a 1-year low of $4.50 and a 1-year high of $15.96.
Baozun (NASDAQ:BZUN) last announced its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.13. The business had revenue of $700.30 million for the quarter, compared to analysts’ expectations of $101.81 million. During the same quarter last year, the firm earned $0.24 EPS. The firm’s quarterly revenue was up 35.3% on a year-over-year basis. On average, equities analysts anticipate that Baozun will post $0.29 EPS for the current year.
Baozun Inc, formerly Baozun Cayman Inc, is a holding company. The Company through its wholly owned subsidiary, Shanghai Baozun E-Commerce Limited, provides e-commerce solutions in China. The Company is a digital and e-commerce service partner in China. The Company is engaged in providing 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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