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

A number of brokerages have commented on NILE. Zacks Investment Research cut Blue Nile from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. William Blair began coverage on Blue Nile in a research report on Friday, June 10th. They set a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Blue Nile currently has a consensus rating of “Hold” and a consensus target price of $25.67.

The stock’s 50-day moving average is $29.80 and its 200 day moving average is $27.07. The company has a market capitalization of $389.25 million and a price-to-earnings ratio of 38.43.

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