Baozun (NASDAQ:BZUN) Trading Down 3.6%

Baozun Inc. (NASDAQ:BZUN) shares traded down 3.6% during mid-day trading on Wednesday . The company traded as low as $19.78 and last traded at $19.98. 2,593 shares were traded during trading, a decline of 100% from the average session volume of 968,787 shares. The stock had previously closed at $20.73.

A number of brokerages have recently commented on BZUN. HSBC dropped their price objective on shares of Baozun from $38.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, August 20th. Daiwa Capital Markets cut shares of Baozun from a “buy” rating to a “neutral” rating and dropped their price target for the company from $42.00 to $20.00 in a research note on Friday, August 20th. Citigroup dropped their price target on shares of Baozun from $57.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, August 3rd. Credit Suisse Group cut shares of Baozun from an “outperform” rating to an “underperform” rating and set a $23.00 price target on the stock. in a research note on Friday, July 23rd. Finally, Zacks Investment Research cut shares of Baozun from a “hold” rating to a “strong sell” rating in a research note on Monday, August 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $34.43.

The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 24.67, a P/E/G ratio of 0.84 and a beta of 1.06. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.69 and a current ratio of 4.20. The firm has a 50-day simple moving average of $25.37 and a two-hundred day simple moving average of $32.88.

Baozun (NASDAQ:BZUN) last announced its quarterly earnings data on Wednesday, August 18th. The technology company reported $2.01 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.86. Baozun had a return on equity of 6.36% and a net margin of 4.06%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.48 billion. During the same period in the previous year, the company posted $2.43 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities analysts forecast that Baozun Inc. will post 0.64 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP lifted its stake in Baozun by 65.2% in the first quarter. First Trust Advisors LP now owns 45,323 shares of the technology company’s stock valued at $1,883,000 after buying an additional 17,882 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Baozun by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 711,313 shares of the technology company’s stock worth $24,419,000 after purchasing an additional 10,292 shares during the last quarter. US Bancorp DE raised its stake in shares of Baozun by 20.9% during the first quarter. US Bancorp DE now owns 2,671 shares of the technology company’s stock worth $102,000 after purchasing an additional 462 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Baozun by 60.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,273 shares of the technology company’s stock worth $697,000 after purchasing an additional 6,900 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Baozun by 51.6% in the first quarter. The Manufacturers Life Insurance Company now owns 9,700 shares of the technology company’s stock worth $370,000 after acquiring an additional 3,300 shares in the last quarter. 57.99% of the stock is owned by hedge funds and other institutional investors.

Baozun Company Profile (NASDAQ:BZUN)

Baozun, Inc operates as an holding company, which through its subsidiaries provides brand electronic commerce (e-commerce) services and solutions. Its services include apparel and accessories; appliances; electronics; home and furnishings; food and health products; beauty and cosmetics; fast moving consumer goods, and mother and baby products; and insurance and automobiles.

Read More: High-Yield Dividend Stocks

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.