Baozun (NASDAQ:BZUN) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Baozun (NASDAQ:BZUN) from a hold rating to a buy rating in a research report released on Sunday morning.

Separately, Citigroup lifted their price objective on shares of Baozun from $3.90 to $4.20 and gave the company a “buy” rating in a research note on Tuesday, November 26th.

Baozun Price Performance

Shares of BZUN stock opened at $3.64 on Friday. The business has a fifty day moving average of $3.09 and a 200 day moving average of $2.88. The firm has a market capitalization of $224.08 million, a price-to-earnings ratio of -6.74 and a beta of 0.32. Baozun has a 1 year low of $2.11 and a 1 year high of $4.38.

Baozun (NASDAQ:BZUN) last announced its quarterly earnings data on Thursday, November 21st. The technology company reported ($0.21) earnings per share (EPS) for the quarter. Baozun had a negative return on equity of 5.58% and a negative net margin of 2.55%.

Hedge Funds Weigh In On Baozun

Institutional investors and hedge funds have recently modified their holdings of the stock. Wolverine Trading LLC grew its holdings in Baozun by 42.5% during the third quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company’s stock worth $52,000 after acquiring an additional 4,545 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Baozun by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 598,184 shares of the technology company’s stock worth $1,628,000 after purchasing an additional 5,915 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Baozun by 138.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,651 shares of the technology company’s stock valued at $32,000 after purchasing an additional 6,772 shares in the last quarter. QRG Capital Management Inc. lifted its stake in shares of Baozun by 50.8% in the 4th quarter. QRG Capital Management Inc. now owns 21,092 shares of the technology company’s stock valued at $57,000 after purchasing an additional 7,108 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in shares of Baozun by 95.5% in the 4th quarter. New York State Common Retirement Fund now owns 23,914 shares of the technology company’s stock valued at $65,000 after purchasing an additional 11,683 shares during the period. Institutional investors and hedge funds own 47.29% of the company’s stock.

Baozun Company Profile

Baozun Inc, through its subsidiaries, provides end-to-end e-commerce solutions to brand partners in the People’s Republic of China. The company operates through two segments, E-Commerce and Brand Management (BBM). The E-Commerce segment offers brands’ store operations, customer services and value-added services in logistics and supply chain management, IT, and digital marketing.