Shares of Blue Nile Inc. (NASDAQ:NILE) have been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the stock. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $26.50.

NILE has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Blue Nile from a “hold” rating to a “sell” rating in a research report on Thursday, September 15th. William Blair initiated coverage on shares of Blue Nile in a research report on Friday, June 10th. They set a “market perform” rating on the stock. Finally, TheStreet upgraded shares of Blue Nile from a “hold” rating to a “buy” rating in a research report on Monday, September 12th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NILE. Nisa Investment Advisors L.L.C. raised its position in Blue Nile by 145.6% in the first quarter. Nisa Investment Advisors L.L.C. now owns 16,700 shares of the company’s stock valued at $429,000 after buying an additional 9,900 shares during the last quarter. Prudential Financial Inc. raised its position in 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 last quarter. Geode Capital Management LLC raised its position in Blue Nile by 1.5% in the first quarter. Geode Capital Management LLC now owns 82,932 shares of the company’s stock valued at $2,132,000 after buying an additional 1,220 shares during the last quarter. University of Notre Dame DU Lac raised its position 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 valued at $1,285,000 after buying an additional 21,101 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Blue Nile during the first quarter valued at about $586,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

Shares of Blue Nile (NASDAQ:NILE) opened at 35.47 on Tuesday. The company’s 50 day moving average is $34.90 and its 200-day moving average is $28.97. The company has a market capitalization of $412.02 million, a P/E ratio of 40.68 and a beta of 0.46. Blue Nile has a 1-year low of $22.33 and a 1-year high of $39.00.

Blue Nile (NASDAQ:NILE) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.03. Blue Nile had a net margin of 2.14% and a return on equity of 71.40%. The company earned $113.77 million during the quarter, compared to analyst estimates of $113.95 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities research analysts forecast that Blue Nile will post $0.88 EPS for the current year.

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.

5 Day Chart for NASDAQ:NILE

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