Baozun Inc (NASDAQ:BZUN) announced its quarterly earnings results on Tuesday. The technology company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.01. The business had revenue of $804.90 million during the quarter, compared to analyst estimates of $802.98 million. Baozun had a net margin of 1.23% and a return on equity of 3.15%. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period last year, the company earned $0.04 earnings per share.
Baozun (NASDAQ:BZUN) opened at 20.01 on Thursday. The firm has a market capitalization of $1.07 billion, a P/E ratio of 86.62 and a beta of 4.54. Baozun has a one year low of $5.43 and a one year high of $23.56. The company has a 50-day moving average price of $16.47 and a 200-day moving average price of $14.63.
Separately, Bank of America Corp reaffirmed a “buy” rating and issued a $26.00 price target (up from $18.70) on shares of Baozun in a report on Monday.
A number of large investors have recently modified their holdings of BZUN. Sei Investments Co. raised its stake in shares of Baozun by 24.3% in the first quarter. Sei Investments Co. now owns 7,024 shares of the technology company’s stock worth $105,000 after buying an additional 1,373 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of Baozun during the fourth quarter worth $191,000. Geode Capital Management LLC acquired a new stake in shares of Baozun during the first quarter worth $224,000. Trexquant Investment LP acquired a new stake in shares of Baozun during the fourth quarter worth $232,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Baozun during the fourth quarter worth $302,000. Hedge funds and other institutional investors own 18.95% of the company’s stock.
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Baozun Inc is a brand e-commerce solutions company. The Company is engaged in providing end-to-end e-commerce solutions, including the sales 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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