Baozun (NASDAQ:BZUN) Trading Down 12.6%

Baozun Inc (NASDAQ:BZUN)’s stock price traded down 12.6% during trading on Wednesday . The stock traded as low as $43.10 and last traded at $43.77, 7,813,703 shares were traded during trading. An increase of 333% from the average session volume of 1,806,175 shares. The stock had previously closed at $50.08.

A number of equities research analysts have recently issued reports on the company. BidaskClub lowered Baozun from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Macquarie assumed coverage on Baozun in a research note on Friday, July 5th. They issued a “buy” rating and a $60.00 target price for the company. Zacks Investment Research upgraded Baozun from a “sell” rating to a “hold” rating in a research note on Monday. Credit Suisse Group reiterated an “outperform” rating on shares of Baozun in a research note on Wednesday, July 17th. Finally, ValuEngine lowered Baozun from a “buy” rating to a “hold” rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Baozun has an average rating of “Buy” and a consensus price target of $55.55.

The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 66.32 and a beta of 3.22. The business has a 50 day moving average price of $49.25 and a 200-day moving average price of $42.79.

Baozun (NASDAQ:BZUN) last posted its earnings results 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 during the quarter, compared to analyst estimates of $1.28 billion. Baozun had a net margin of 4.99% and a return on equity of 13.77%. Baozun’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. Research analysts anticipate that Baozun Inc will post 1.19 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Federated Investors Inc. PA boosted its holdings in Baozun by 9.0% in the first quarter. Federated Investors Inc. PA now owns 3,653,920 shares of the technology company’s stock valued at $151,784,000 after purchasing an additional 301,992 shares during the last quarter. Invesco Ltd. boosted its holdings in Baozun by 1,808.7% in the second quarter. Invesco Ltd. now owns 3,431,600 shares of the technology company’s stock valued at $171,099,000 after purchasing an additional 3,251,811 shares during the last quarter. RWC Asset Advisors US LLC boosted its holdings in Baozun by 102.1% in the second quarter. RWC Asset Advisors US LLC now owns 2,151,660 shares of the technology company’s stock valued at $107,282,000 after purchasing an additional 1,086,802 shares during the last quarter. Green Court Capital Management Ltd purchased a new position in Baozun in the second quarter valued at about $93,711,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Baozun by 0.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,462,704 shares of the technology company’s stock valued at $72,930,000 after purchasing an additional 12,100 shares during the last quarter. 61.97% of the stock is owned by hedge funds and other institutional investors.

Baozun Company Profile (NASDAQ:BZUN)

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.

See Also: Understanding Analyst Recommendations

Receive News & Ratings for Baozun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baozun and related companies with MarketBeat.com's FREE daily email newsletter.