Systematic Financial Management LP boosted its position in shares of Blue Nile Inc. (NASDAQ:NILE) by 9.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,220 shares of the company’s stock after buying an additional 5,115 shares during the period. Systematic Financial Management LP owned approximately 0.49% of Blue Nile worth $1,566,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Emerald Acquisition Ltd. purchased a new stake in Blue Nile during the second quarter worth approximately $2,882,000. Hosking Partners LLP raised its stake in Blue Nile by 15.1% in the second quarter. Hosking Partners LLP now owns 183,420 shares of the company’s stock worth $5,022,000 after buying an additional 24,029 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Blue Nile during the first quarter worth approximately $586,000. University of Notre Dame DU Lac raised its stake in 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 worth $1,285,000 after buying an additional 21,101 shares in the last quarter. Finally, State Street Corp raised its stake in Blue Nile by 5.6% in the first quarter. State Street Corp now owns 322,374 shares of the company’s stock worth $8,292,000 after buying an additional 17,043 shares in the last quarter. 92.45% of the stock is owned by institutional investors.
Blue Nile Inc. (NASDAQ:NILE) opened at 36.01 on Friday. The firm has a market cap of $418.29 million, a P/E ratio of 41.30 and a beta of 0.54. The company has a 50-day moving average price of $33.65 and a 200-day moving average price of $28.38. Blue Nile Inc. has a 12-month low of $22.33 and a 12-month high of $39.00.
Blue Nile (NASDAQ:NILE) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.03. The firm earned $113.77 million during the quarter, compared to analyst estimates of $113.95 million. Blue Nile had a return on equity of 71.40% and a net margin of 2.14%. Blue Nile’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 earnings per share. On average, analysts predict that Blue Nile Inc. will post $0.88 earnings per share for the current year.
NILE has been the subject of a number of analyst reports. TheStreet raised shares of Blue Nile from a “hold” rating to a “buy” rating in a research note on Monday, September 12th. Zacks Investment Research downgraded Blue Nile from a “hold” rating to a “sell” rating in a report on Saturday, June 25th. Finally, William Blair reiterated a “market perform” rating on shares of Blue Nile in a report on Tuesday, August 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Blue Nile has an average rating of “Hold” and a consensus target price of $25.67.
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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