Blue Nile Inc. (NASDAQ:NILE)’s share price rose 2.7% during mid-day trading on Friday . The stock traded as high as $33.31 and last traded at $33.18, with a volume of 179,739 shares traded. The stock had previously closed at $32.30.

NILE has been the subject of several analyst reports. Zacks Investment Research lowered Blue Nile from a “hold” rating to a “sell” rating in a research report on Saturday, June 25th. William Blair initiated coverage on Blue Nile in a research report on Friday, June 10th. They set a “market perform” rating for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $25.67.

The firm’s 50-day moving average is $29.59 and its 200-day moving average is $27.14. The firm has a market cap of $384.95 million and a price-to-earnings ratio of 38.00.

Blue Nile (NASDAQ:NILE) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.03. The company earned $113.77 million during the quarter, compared to analyst estimates of $113.95 million. During the same period in the prior year, the company posted $0.20 EPS. The firm’s revenue was up .1% compared to the same quarter last year. On average, equities analysts forecast that Blue Nile Inc. will post $0.88 earnings per share for the current fiscal 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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