Blue Nile Inc. (NILE) Given Average Rating of “Hold” by Brokerages
Blue Nile Inc. (NASDAQ:NILE) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the stock. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $21.00.
Several research firms recently issued reports on NILE. Zacks Investment Research raised shares of Blue Nile from a “sell” rating to a “hold” rating in a research note on Wednesday, October 12th. William Blair reissued a “market perform” rating on shares of Blue Nile in a research report on Tuesday, August 9th. Finally, TheStreet raised shares of Blue Nile from a “hold” rating to a “buy” rating in a research report on Monday, September 12th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Emerald Acquisition Ltd. acquired a new position in Blue Nile during the second quarter valued at approximately $2,882,000. Prudential Financial Inc. raised its position in Blue Nile by 15.4% in the second quarter. Prudential Financial Inc. now owns 52,229 shares of the company’s stock valued at $1,430,000 after buying an additional 6,980 shares during the period. Systematic Financial Management LP raised its position in Blue Nile by 9.8% in the second quarter. Systematic Financial Management LP now owns 57,220 shares of the company’s stock valued at $1,566,000 after buying an additional 5,115 shares during the period. American Century Companies Inc. acquired a new position in Blue Nile during the second quarter valued at approximately $330,000. Finally, Ameriprise Financial Inc. raised its position in Blue Nile by 3.8% in the second quarter. Ameriprise Financial Inc. now owns 55,680 shares of the company’s stock valued at $1,524,000 after buying an additional 2,040 shares during the period. 92.54% of the stock is owned by institutional investors and hedge funds.
Blue Nile (NASDAQ:NILE) opened at 40.47 on Tuesday. The stock has a market capitalization of $471.64 million, a PE ratio of 49.90 and a beta of 0.02. The company’s 50-day moving average is $35.68 and its 200 day moving average is $30.84. Blue Nile has a 12-month low of $22.33 and a 12-month high of $41.39.
Blue Nile (NASDAQ:NILE) last released 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 analysts’ expectations of $107.75 million. During the same period last year, the firm earned $0.17 EPS. The business’s quarterly revenue was down 4.4% on a year-over-year basis. On average, analysts predict that Blue Nile will post $0.87 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.
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