Baozun (BZUN) Shares Gap Up to $32.49

Baozun Inc (NASDAQ:BZUN) shares gapped up before the market opened on Thursday . The stock had previously closed at $32.35, but opened at $32.49. Baozun shares last traded at $32.71, with a volume of 2238609 shares changing hands.

BZUN has been the topic of a number of analyst reports. BidaskClub lowered Baozun from a “sell” rating to a “strong sell” rating in a report on Thursday, October 11th. Zacks Investment Research raised Baozun from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, ValuEngine lowered Baozun from a “buy” rating to a “hold” rating in a report on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $48.47.

The firm has a market cap of $1.77 billion, a PE ratio of 59.07 and a beta of 3.62. The company has a quick ratio of 1.76, a current ratio of 2.12 and a debt-to-equity ratio of 0.03.

Baozun (NASDAQ:BZUN) last released its earnings results on Tuesday, August 14th. The technology company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.87. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.07 billion. Baozun had a return on equity of 12.12% and a net margin of 4.85%. The company’s revenue was up 30.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. As a group, equities research analysts predict that Baozun Inc will post 0.9 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the business. Gerber Kawasaki Wealth & Investment Management lifted its position in shares of Baozun by 18.2% in the 2nd quarter. Gerber Kawasaki Wealth & Investment Management now owns 6,375 shares of the technology company’s stock worth $355,000 after acquiring an additional 980 shares during the period. Kovack Advisors Inc. lifted its position in shares of Baozun by 26.3% in the 2nd quarter. Kovack Advisors Inc. now owns 5,808 shares of the technology company’s stock worth $318,000 after acquiring an additional 1,210 shares during the period. Sheaff Brock Investment Advisors LLC lifted its position in shares of Baozun by 39.1% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 8,000 shares of the technology company’s stock worth $438,000 after acquiring an additional 2,250 shares during the period. ING Groep NV lifted its position in shares of Baozun by 44.4% in the 3rd quarter. ING Groep NV now owns 7,800 shares of the technology company’s stock worth $379,000 after acquiring an additional 2,400 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Baozun by 10.0% in the 1st quarter. Northern Trust Corp now owns 29,166 shares of the technology company’s stock worth $1,338,000 after acquiring an additional 2,663 shares during the period. Institutional investors own 47.94% of the company’s stock.

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About Baozun (NASDAQ:BZUN)

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

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