Baozun (BZUN) Upgraded to Strong-Buy at Vetr

Baozun (NASDAQ:BZUN) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday. The brokerage currently has a $35.93 price target on the technology company’s stock. Vetr‘s price target points to a potential upside of 17.57% from the stock’s previous close.

BZUN has been the topic of several other research reports. Zacks Investment Research raised Baozun from a “sell” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Tuesday, October 24th. Citigroup started coverage on Baozun in a report on Thursday, August 31st. They set a “buy” rating and a $38.00 price objective on the stock. Finally, Bank of America raised their price objective on Baozun from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, September 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $35.79.

Baozun (NASDAQ BZUN) opened at $30.56 on Tuesday. The company has a market capitalization of $1,670.00 and a price-to-earnings ratio of 95.50. Baozun has a twelve month low of $10.87 and a twelve month high of $40.65.

Hedge funds have recently modified their holdings of the business. Citigroup Inc. grew its holdings in shares of Baozun by 29.3% during the second quarter. Citigroup Inc. now owns 5,781 shares of the technology company’s stock worth $128,000 after purchasing an additional 1,311 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Baozun during the third quarter worth about $137,000. Public Employees Retirement System of Ohio grew its holdings in shares of Baozun by 18.5% during the second quarter. Public Employees Retirement System of Ohio now owns 7,700 shares of the technology company’s stock worth $171,000 after purchasing an additional 1,200 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Baozun during the third quarter worth about $187,000. Finally, Pacad Investment Ltd. purchased a new position in shares of Baozun during the second quarter worth about $197,000. 38.35% of the stock is currently owned by institutional investors.

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About Baozun

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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