Baozun (NASDAQ:BZUN) Rating Increased to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of Baozun (NASDAQ:BZUN) from a sell rating to a hold rating in a research note published on Monday morning, Zacks.com reports.

According to Zacks, “Baozun Inc. offers digital and e-commerce service primarily in China. The Company’s services include website design, development and hosting, information technology infrastructure, customer service, warehousing and logistics services as well as digital marketing. Baozun Inc. is based in SHANGHAI, China. “

Other research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Baozun from a buy rating to a hold rating in a report on Tuesday, August 6th. Credit Suisse Group reissued an outperform rating on shares of Baozun in a report on Wednesday, July 17th. ValuEngine raised shares of Baozun from a hold rating to a buy rating in a report on Saturday, July 6th. CLSA set a $64.00 target price on shares of Baozun and gave the stock a buy rating in a report on Friday, July 12th. Finally, Macquarie began coverage on shares of Baozun in a report on Friday, July 5th. They set a buy rating and a $60.00 target price for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $55.55.

NASDAQ:BZUN opened at $42.26 on Monday. Baozun has a 12 month low of $27.81 and a 12 month high of $58.01. The firm has a fifty day simple moving average of $48.99 and a 200-day simple moving average of $42.82. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $3.11 billion, a P/E ratio of 71.54 and a beta of 3.22.

Baozun (NASDAQ:BZUN) last posted its quarterly earnings data on Wednesday, August 21st. The technology company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($1.21). Baozun had a return on equity of 13.77% and a net margin of 4.99%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The company’s quarterly revenue was up 47.0% on a year-over-year basis. Equities analysts forecast that Baozun will post 1.19 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its holdings in Baozun by 4.1% in the second quarter. Envestnet Asset Management Inc. now owns 5,994 shares of the technology company’s stock valued at $299,000 after buying an additional 235 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Baozun by 0.4% in the second quarter. Fisher Asset Management LLC now owns 72,022 shares of the technology company’s stock valued at $3,591,000 after buying an additional 270 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Baozun by 5.2% in the second quarter. Commonwealth Equity Services LLC now owns 7,938 shares of the technology company’s stock valued at $395,000 after buying an additional 389 shares in the last quarter. Creative Planning increased its holdings in Baozun by 7.2% in the second quarter. Creative Planning now owns 7,373 shares of the technology company’s stock valued at $368,000 after buying an additional 495 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in Baozun by 4,736.4% in the second quarter. Canada Pension Plan Investment Board now owns 532 shares of the technology company’s stock valued at $27,000 after buying an additional 521 shares in the last quarter. 61.97% of the stock is owned by institutional investors.

About Baozun

Baozun Inc provides brand e-commerce service to brand partners in the People's Republic of China. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, sale of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing, and order fulfillment.

Further Reading: Growth and Income Funds

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