According to Zacks, “Blue Nile Inc is the leading online retailer of diamonds and fine jewelry. It has built a well respected brand by providing consumers with a better way to buy diamonds and fine jewelry. Blue Nile has established some of the highest quality standards in the industry and provides consumers with in-depth educational materials and unique online tools that place consumers in control of the jewelry shopping process. The Blue Nile websites showcase thousands of independently certified diamonds and fine jewelry at prices significantly below traditional retail. “
A number of other equities research analysts have also issued reports on NILE. William Blair restated a market perform rating on shares of Blue Nile in a report on Tuesday, August 9th. TheStreet upgraded shares of Blue Nile from a hold rating to a buy rating in a report on Monday, September 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $25.67.
Shares of Blue Nile (NASDAQ:NILE) traded down 0.45% during trading on Wednesday, reaching $35.27. 2,991 shares of the company’s stock were exchanged. Blue Nile has a 52-week low of $22.33 and a 52-week high of $39.00. The firm has a market capitalization of $409.70 million, a P/E ratio of 40.45 and a beta of 0.46. The company has a 50 day moving average of $35.32 and a 200 day moving average of $29.39.
Blue Nile (NASDAQ:NILE) last released its quarterly earnings results on Monday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.03. Blue Nile had a net margin of 2.14% and a return on equity of 71.40%. The firm had revenue of $113.77 million for the quarter, compared to analyst estimates of $113.95 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The firm’s revenue was up .1% compared to the same quarter last year. Equities analysts anticipate that Blue Nile will post $0.88 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. bought a new position in Blue Nile during the second quarter valued at $2,882,000. Royal Bank of Canada raised its position in shares of Blue Nile by 1,894.5% in the first quarter. Royal Bank of Canada now owns 3,989 shares of the company’s stock valued at $103,000 after buying an additional 3,789 shares during the period. American Century Companies Inc. acquired a new position in shares of Blue Nile during the second quarter valued at approximately $330,000. University of Notre Dame DU Lac raised its position in shares of Blue Nile by 73.0% in the first quarter. University of Notre Dame DU Lac now owns 49,996 shares of the company’s stock valued at $1,285,000 after buying an additional 21,101 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of Blue Nile by 3.0% in the first quarter. Prudential Financial Inc. now owns 45,249 shares of the company’s stock valued at $1,163,000 after buying an additional 1,300 shares during the period. Hedge funds and other institutional investors own 92.48% of the company’s stock.
About Blue Nile
Blue Nile, Inc is an online retailer of diamonds and fine jewelry. The Company operates through the online retail jewelry segment. It sells its products through the Blue Nile Website in over 40 countries and territories across the world. Its domestic sales consist of products delivered to customers within the United States and its international sales consist of products delivered to customers outside the United States.
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