Baozun (NASDAQ:BZUN) Upgraded by Zacks Investment Research to Hold

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

BZUN has been the subject of several other reports. Macquarie started coverage on shares of Baozun in a research note on Friday, July 5th. They issued a buy rating and a $60.00 price target for the company. CLSA set a $64.00 price target on shares of Baozun and gave the stock a buy rating in a research note on Friday, July 12th. Credit Suisse Group reissued an outperform rating on shares of Baozun in a research note on Wednesday, July 17th. BidaskClub downgraded shares of Baozun from a buy rating to a hold rating in a research note on Tuesday, August 6th. Finally, Jefferies Financial Group started coverage on shares of Baozun in a research note on Monday, August 5th. They issued a buy rating and a $59.20 price target for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Baozun currently has an average rating of Buy and an average price target of $55.55.

NASDAQ BZUN opened at $45.33 on Monday. Baozun has a 52-week low of $27.81 and a 52-week high of $58.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.50 and a current ratio of 1.84. The company has a market capitalization of $2.92 billion, a P/E ratio of 68.68 and a beta of 3.22. The company has a fifty day moving average of $49.71 and a 200-day moving average of $42.58.

Baozun (NASDAQ:BZUN) last posted its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. Baozun had a return on equity of 13.77% and a net margin of 4.99%. The business’s revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 earnings per share. As a group, analysts forecast that Baozun will post 1.07 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. Canada Pension Plan Investment Board increased its position in shares of Baozun by 4,736.4% during 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 during the period. Quadrant Capital Group LLC increased its position in shares of Baozun by 67.0% during the first quarter. Quadrant Capital Group LLC now owns 1,769 shares of the technology company’s stock valued at $72,000 after buying an additional 710 shares during the period. SevenBridge Financial Group LLC purchased a new position in shares of Baozun during the second quarter valued at about $72,000. AdvisorNet Financial Inc purchased a new position in shares of Baozun during the second quarter valued at about $78,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Baozun during the second quarter valued at about $79,000. 57.52% of the stock is owned by hedge funds and other 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.

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