Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Baozun Inc (NASDAQ:BZUN) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 164,908 shares of the technology company’s stock after acquiring an additional 3,137 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Baozun were worth $7,042,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Nvwm LLC purchased a new position in Baozun during the third quarter valued at approximately $307,000. Patriot Financial Group Insurance Agency LLC raised its position in Baozun by 17.2% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,700 shares of the technology company’s stock valued at $73,000 after acquiring an additional 250 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in Baozun by 11.3% in the third quarter. Great West Life Assurance Co. Can now owns 33,600 shares of the technology company’s stock valued at $1,436,000 after purchasing an additional 3,400 shares during the period. Avitas Wealth Management LLC acquired a new stake in Baozun in the third quarter valued at approximately $380,000. Finally, Envestnet Asset Management Inc. grew its holdings in Baozun by 6.8% in the third quarter. Envestnet Asset Management Inc. now owns 6,400 shares of the technology company’s stock valued at $273,000 after purchasing an additional 406 shares during the period. Institutional investors own 66.07% of the company’s stock.
BZUN traded up $1.00 during trading on Monday, hitting $43.48. The company’s stock had a trading volume of 982,927 shares, compared to its average volume of 1,653,255. The company has a current ratio of 2.94, a quick ratio of 2.55 and a debt-to-equity ratio of 0.90. Baozun Inc has a twelve month low of $27.81 and a twelve month high of $56.47. The business’s fifty day simple moving average is $43.42 and its 200 day simple moving average is $45.26. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 65.88 and a beta of 3.20.
Baozun (NASDAQ:BZUN) last issued its quarterly earnings data on Wednesday, August 21st. The technology company reported $0.16 EPS for the quarter, missing the consensus estimate of $1.37 by ($1.21). The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.58 billion. Baozun had a net margin of 5.05% and a return on equity of 14.50%. The firm’s revenue for the quarter was up 47.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 earnings per share. As a group, equities research analysts forecast that Baozun Inc will post 1.04 earnings per share for the current fiscal year.
Several analysts have commented on the company. ValuEngine raised Baozun from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Credit Suisse Group reissued an “outperform” rating on shares of Baozun in a report on Wednesday, July 17th. Bank of America dropped their price objective on Baozun from $53.00 to $49.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Jefferies Financial Group assumed coverage on Baozun in a report on Monday, August 5th. They issued a “buy” rating and a $59.20 price objective on the stock. Finally, Zacks Investment Research raised Baozun from a “sell” rating to a “hold” rating in a report on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Baozun presently has a consensus rating of “Buy” and an average price target of $54.24.
Baozun Company Profile
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.
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