Blue Nile (NASDAQ:NILE) Director Mark Vadon sold 37,416 shares of the company’s stock on the open market in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $38.93, for a total value of $1,456,604.88. Following the completion of the transaction, the director now directly owns 130,768 shares of the company’s stock, valued at approximately $5,090,798. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at B. Riley initiated coverage on shares of Blue Nile in a research note to investors on Thursday, September 26th. They set a “buy” rating and a $49.00 price target on the stock. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.43.
Blue Nile (NASDAQ:NILE) opened at 37.57 on Wednesday. Blue Nile has a 52 week low of $28.90 and a 52 week high of $43.00. The stock’s 50-day moving average is $38.71 and its 200-day moving average is $36.39. The company has a market cap of $466.9 million and a P/E ratio of 48.79.
Blue Nile (NASDAQ:NILE) last released its earnings data on Thursday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The company had revenue of $108.00 million for the quarter, compared to the consensus estimate of $103.40 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. Analysts expect that Blue Nile will post $0.82 EPS for the current fiscal year.
Blue Nile, Inc (NASDAQ:NILE) is the online retailer of diamonds and jewelry.
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