Blue Nile Inc. (NASDAQ:NILE) was up 0.7% during mid-day trading on Tuesday . The company traded as high as $28.22 and last traded at $27.92, with a volume of 60,326 shares changing hands. The stock had previously closed at $27.72.

A number of equities research analysts have issued reports on NILE shares. Zacks Investment Research cut shares of Blue Nile from a “hold” rating to a “sell” rating in a report on Thursday, April 28th. William Blair started coverage on shares of Blue Nile in a report on Friday, June 10th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Blue Nile has a consensus rating of “Hold” and a consensus target price of $29.75.

The stock has a market cap of $321.08 million and a PE ratio of 30.97. The firm has a 50-day moving average of $26.22 and a 200-day moving average of $28.15.

Blue Nile (NASDAQ:NILE) last issued its earnings results on Thursday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. The company earned $103.10 million during the quarter, compared to analysts’ expectations of $103.35 million. During the same quarter in the prior year, the business posted $0.10 EPS. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities analysts expect that Blue Nile Inc. will post $0.89 EPS for the current year.

In related news, Director Michael J. Potter bought 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The shares were bought at an average price of $25.55 per share, for a total transaction of $102,200.00. Following the completion of the acquisition, the director now owns 16,504 shares of the company’s stock, valued at approximately $421,677.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

A number of large investors recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in shares of Blue Nile by 4.8% in the fourth quarter. Principal Financial Group Inc. now owns 75,910 shares of the company’s stock valued at $2,819,000 after buying an additional 3,487 shares in the last quarter. Numeric Investors LLC boosted its position in shares of Blue Nile by 48.6% in the fourth quarter. Numeric Investors LLC now owns 67,600 shares of the company’s stock valued at $2,510,000 after buying an additional 22,100 shares in the last quarter. New Amsterdam Partners LLC NY boosted its position in shares of Blue Nile by 35.8% in the fourth quarter. New Amsterdam Partners LLC NY now owns 120,189 shares of the company’s stock valued at $4,463,000 after buying an additional 31,666 shares in the last quarter. Finally, Columbia Wanger Asset Management LLC boosted its position in shares of Blue Nile by 10.8% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 501,252 shares of the company’s stock valued at $18,611,000 after buying an additional 48,663 shares in the last quarter.

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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