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. “
Several other analysts have also issued reports on the stock. TheStreet raised shares of Blue Nile from a hold rating to a buy rating in a research report on Monday, September 12th. William Blair reaffirmed a market perform rating on shares of Blue Nile in a research report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $22.50.
Blue Nile (NASDAQ:NILE) opened at 40.40 on Friday. The company has a market capitalization of $472.56 million, a P/E ratio of 49.82 and a beta of 0.02. Blue Nile has a 12-month low of $22.33 and a 12-month high of $41.39. The stock’s 50 day moving average is $36.42 and its 200-day moving average is $31.34.
Blue Nile (NASDAQ:NILE) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Blue Nile had a return on equity of 59.32% and a net margin of 2.02%. The firm had revenue of $105.10 million for the quarter, compared to the consensus estimate of $107.75 million. During the same period last year, the company posted $0.17 earnings per share. The business’s revenue was down 4.4% compared to the same quarter last year. On average, equities analysts predict that Blue Nile will post $0.87 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its position in Blue Nile by 107.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,689 shares of the company’s stock valued at $101,000 after buying an additional 1,912 shares in the last quarter. Penserra Capital Management LLC increased its position in Blue Nile by 0.9% in the third quarter. Penserra Capital Management LLC now owns 3,024 shares of the company’s stock valued at $104,000 after buying an additional 26 shares during the period. Wells Fargo & Company MN increased its position in Blue Nile by 8.7% in the third quarter. Wells Fargo & Company MN now owns 3,935 shares of the company’s stock valued at $135,000 after buying an additional 316 shares during the period. Riverhead Capital Management LLC increased its position in Blue Nile by 300.0% in the second quarter. Riverhead Capital Management LLC now owns 4,312 shares of the company’s stock valued at $164,000 after buying an additional 3,234 shares during the period. Finally, Springbok Capital Management LLC acquired a new position in Blue Nile during the first quarter valued at approximately $170,000. Hedge funds and other institutional investors own 92.75% of the company’s stock.
Blue Nile Company Profile
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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