Blue Nile Inc. (NASDAQ:NILE) shot up 5.3% during trading on Thursday . The stock traded as high as $30.58 and last traded at $30.49, with a volume of 51,009 shares trading hands. The stock had previously closed at $28.95.

Several brokerages recently commented on NILE. William Blair restated a “market perform” rating on shares of Blue Nile in a research report on Tuesday. Zacks Investment Research lowered Blue Nile from a “hold” rating to a “sell” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Blue Nile presently has an average rating of “Hold” and an average target price of $25.67.

The company has a market capitalization of $356.15 million and a PE ratio of 35.16. The company has a 50 day moving average of $28.85 and a 200 day moving average of $27.22.

Blue Nile (NASDAQ:NILE) last released its quarterly earnings data on Monday, August 8th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.03. The firm earned $113.77 million during the quarter, compared to analysts’ expectations of $113.95 million. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 EPS. On average, analysts predict that Blue Nile Inc. will post $0.88 EPS for the current year.

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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