Blue Nile Inc. (NASDAQ:NILE) – Equities research analysts at KeyCorp increased their FY2016 EPS estimates for shares of Blue Nile in a report issued on Monday. KeyCorp analyst E. Yruma now forecasts that the brokerage will post earnings of $0.85 per share for the year, up from their prior forecast of $0.84. KeyCorp also issued estimates for Blue Nile’s Q4 2016 earnings at $0.46 EPS.

Blue Nile (NASDAQ:NILE) last announced its earnings results on Monday, November 7th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the prior year, the business earned $0.17 EPS. Blue Nile’s quarterly revenue was down 4.4% on a year-over-year basis.

Earnings History and Estimates for Blue Nile (NASDAQ:NILE)

Other equities analysts have also recently issued research reports about the stock. 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 raised shares of Blue Nile from a “sell” rating to a “hold” rating in a research note on Friday, September 9th. Finally, William Blair reissued a “market perform” rating on shares of Blue Nile in a research note on Tuesday, August 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $22.50.

Blue Nile (NASDAQ:NILE) opened at 40.20 on Thursday. Blue Nile has a 52 week low of $22.33 and a 52 week high of $41.39. The company has a market cap of $466.96 million, a P/E ratio of 46.10 and a beta of 0.02. The company’s 50-day moving average is $35.57 and its 200-day moving average is $30.74.

Large investors have recently made changes to their positions in the stock. Emerald Acquisition Ltd. acquired a new stake in shares of Blue Nile during the second quarter worth about $2,882,000. BlackRock Fund Advisors boosted its stake in shares of Blue Nile by 6.6% in the third quarter. BlackRock Fund Advisors now owns 792,905 shares of the company’s stock worth $27,292,000 after buying an additional 49,185 shares during the period. Harber Asset Management LLC acquired a new stake in shares of Blue Nile during the second quarter worth about $690,000. Hosking Partners LLP boosted its stake in shares of Blue Nile by 13.5% in the third quarter. Hosking Partners LLP now owns 208,243 shares of the company’s stock worth $7,168,000 after buying an additional 24,823 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Blue Nile during the first quarter worth about $586,000. 92.54% of the stock is owned by institutional investors.

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

Receive News & Stock Ratings for Blue Nile Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Nile Inc. and related stocks with our FREE daily email newsletter.