Baozun (BZUN) Lowered to “Hold” at Zacks Investment Research

Baozun (NASDAQ:BZUN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday, November 10th.

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. “

A number of other brokerages have also issued reports on BZUN. Vetr lowered Baozun from a “strong-buy” rating to a “hold” rating and set a $37.25 target price on the stock. in a research report on Tuesday, October 3rd. Citigroup started coverage on Baozun in a report on Thursday, August 31st. They set a “buy” rating and a $38.00 price target on the stock. BidaskClub downgraded Baozun from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Deutsche Bank downgraded Baozun from a “buy” rating to a “hold” rating and boosted their target price for the company from $25.00 to $30.00 in a research note on Wednesday, August 23rd. Finally, Bank of America boosted their target price on Baozun from $26.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $36.54.

Shares of Baozun (NASDAQ:BZUN) traded down $1.00 during trading on Friday, hitting $28.00. The stock had a trading volume of 4,030,800 shares, compared to its average volume of 2,015,663. The firm has a market capitalization of $1,663.64, a price-to-earnings ratio of 82.78 and a beta of 4.64. Baozun has a 12 month low of $10.87 and a 12 month high of $40.65.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global X Management Co. LLC boosted its stake in shares of Baozun by 1.6% during the 2nd quarter. Global X Management Co. LLC now owns 6,759 shares of the technology company’s stock worth $150,000 after acquiring an additional 105 shares in the last quarter. Veritable L.P. lifted its position in shares of Baozun by 1.1% during the 2nd quarter. Veritable L.P. now owns 38,400 shares of the technology company’s stock worth $851,000 after purchasing an additional 400 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Baozun by 18.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,700 shares of the technology company’s stock worth $171,000 after purchasing an additional 1,200 shares during the last quarter. Citigroup Inc. lifted its position in shares of Baozun by 29.3% during the 2nd quarter. Citigroup Inc. now owns 5,781 shares of the technology company’s stock worth $128,000 after purchasing an additional 1,311 shares during the last quarter. Finally, Credit Suisse AG lifted its position in shares of Baozun by 5.7% during the 1st quarter. Credit Suisse AG now owns 27,208 shares of the technology company’s stock worth $406,000 after purchasing an additional 1,463 shares during the last quarter. Institutional investors own 38.54% of the company’s stock.

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About Baozun

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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