Baozun Inc. (BZUN) Rating Lowered to Hold at Deutsche Bank AG
Deutsche Bank AG lowered shares of Baozun Inc. (NASDAQ:BZUN) from a buy rating to a hold rating in a research report sent to investors on Wednesday, MarketBeat Ratings reports. They currently have $30.00 price target on the technology company’s stock, up from their prior price target of $25.00.
A number of other equities analysts have also weighed in on BZUN. Bank of America Corporation restated a buy rating and issued a $26.00 price objective (up from $18.70) on shares of Baozun in a report on Monday, May 15th. BidaskClub upgraded shares of Baozun from a hold rating to a buy rating in a report on Saturday, July 8th. Finally, Zacks Investment Research lowered shares of Baozun from a hold rating to a sell rating in a report on Tuesday, July 11th.
Baozun (BZUN) opened at 26.58 on Wednesday. Baozun has a 52 week low of $10.87 and a 52 week high of $35.91.
Baozun (NASDAQ:BZUN) last announced its quarterly earnings data on Monday, August 21st. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by $0.01. Baozun had a return on equity of 9.19% and a net margin of 3.26%. The firm had revenue of $131.04 million during the quarter. Analysts expect that Baozun will post $0.71 EPS for the current fiscal year.
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Institutional investors have recently made changes to their positions in the company. Guggenheim Capital LLC purchased a new position in shares of Baozun during the fourth quarter worth $410,000. First Trust Advisors LP raised its position in shares of Baozun by 37.3% in the first quarter. First Trust Advisors LP now owns 106,370 shares of the technology company’s stock worth $1,589,000 after buying an additional 28,909 shares during the last quarter. Sei Investments Co. raised its position in shares of Baozun by 24.3% in 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. Pioneer Investment Management Inc. purchased a new position in shares of Baozun during the first quarter worth $2,450,000. Finally, Neuberger Berman Group LLC purchased a new position in shares of Baozun during the first quarter worth $7,740,000. Institutional investors own 27.96% 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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