Shares of Blue Nile Inc. (NASDAQ:NILE) traded down 4.1% during mid-day trading on Monday . The company traded as low as $31.58 and last traded at $31.77, with a volume of 80,862 shares trading hands. The stock had previously closed at $33.14.

A number of analysts recently issued reports on the company. Zacks Investment Research lowered Blue Nile from a “hold” rating to a “sell” rating in a report on Thursday, August 11th. William Blair assumed coverage on Blue Nile in a report on Friday, June 10th. They issued a “market perform” rating for the company. Two equities research 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. The stock has a consensus rating of “Hold” and an average price target of $25.67.

The firm has a 50 day moving average price of $29.59 and a 200-day moving average price of $27.14. The company has a market capitalization of $370.55 million and a P/E ratio of 36.58.

Blue Nile (NASDAQ:NILE) last released its earnings results on Monday, August 8th. The company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.03. During the same quarter last year, the business earned $0.20 earnings per share. The business had revenue of $113.77 million for the quarter, compared to analyst estimates of $113.95 million. Blue Nile’s quarterly revenue was up .1% on a year-over-year basis. Equities research analysts forecast 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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