Baozun (BZUN) Stock Price Down 6.7%

Share on StockTwits

Baozun Inc (NASDAQ:BZUN) fell 6.7% during trading on Thursday . The company traded as low as $42.56 and last traded at $43.09. 1,197,122 shares changed hands during trading, a decline of 45% from the average session volume of 2,195,865 shares. The stock had previously closed at $46.16.

A number of research firms recently commented on BZUN. Zacks Investment Research raised shares of Baozun from a “sell” rating to a “hold” rating in a research report on Saturday, July 14th. BidaskClub cut shares of Baozun from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Baozun has a consensus rating of “Buy” and an average price target of $48.47.

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.76 and a current ratio of 2.12. The stock has a market cap of $2.56 billion, a P/E ratio of 73.07 and a beta of 3.62.

Baozun (NASDAQ:BZUN) last posted its earnings results on Tuesday, August 14th. The technology company reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.87. Baozun had a net margin of 4.85% and a return on equity of 12.12%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. Baozun’s revenue for the quarter was up 30.5% compared to the same quarter last year. On average, analysts anticipate that Baozun Inc will post 0.9 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of BZUN. Northwestern Mutual Wealth Management Co. acquired a new position in Baozun during the 2nd quarter valued at approximately $172,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Baozun by 2,531.6% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,000 shares of the technology company’s stock valued at $183,000 after purchasing an additional 3,848 shares in the last quarter. FundX Investment Group LLC acquired a new position in Baozun during the 2nd quarter valued at approximately $209,000. Virginia Retirement Systems ET AL acquired a new position in Baozun during the 2nd quarter valued at approximately $263,000. Finally, LPL Financial LLC acquired a new position in Baozun during the 1st quarter valued at approximately $270,000. 49.00% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Baozun (BZUN) Stock Price Down 6.7%” was published by Week Herald and is owned by of Week Herald. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://weekherald.com/2018/11/10/baozun-bzun-stock-price-down-6-7.html.

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.

Read More: Short Selling – Explanation For Shorting 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.

Leave a Reply