State Board of Administration of Florida Retirement System Has $347,000 Position in Blue Nile Inc. (NILE)
State Board of Administration of Florida Retirement System lowered its stake in shares of Blue Nile Inc. (NASDAQ:NILE) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,668 shares of the company’s stock after selling 125 shares during the period. State Board of Administration of Florida Retirement System owned about 0.11% of Blue Nile worth $347,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of NILE. Emerald Acquisition Ltd. bought a new stake in Blue Nile during the second quarter valued at about $2,882,000. Hosking Partners LLP boosted its stake in Blue Nile by 15.1% in the second quarter. Hosking Partners LLP now owns 183,420 shares of the company’s stock valued at $5,022,000 after buying an additional 24,029 shares during the last quarter. American Century Companies Inc. bought a new stake in Blue Nile during the second quarter valued at about $330,000. BNP Paribas Arbitrage SA boosted its stake in Blue Nile by 107.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,689 shares of the company’s stock valued at $101,000 after buying an additional 1,912 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Blue Nile by 1,894.5% in the first quarter. Royal Bank of Canada now owns 3,989 shares of the company’s stock valued at $103,000 after buying an additional 3,789 shares during the last quarter. 92.45% of the stock is currently owned by institutional investors and hedge funds.
Blue Nile Inc. (NASDAQ:NILE) traded up 0.87% on Wednesday, reaching $35.80. 31,393 shares of the company’s stock traded hands. Blue Nile Inc. has a 52 week low of $22.33 and a 52 week high of $39.00. The stock has a market capitalization of $415.85 million, a price-to-earnings ratio of 41.06 and a beta of 0.46. The firm has a 50-day moving average price of $35.16 and a 200-day moving average price of $29.23.
Blue Nile (NASDAQ:NILE) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.03. The business had revenue of $113.77 million for the quarter, compared to analyst estimates of $113.95 million. Blue Nile had a return on equity of 71.40% and a net margin of 2.14%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 earnings per share. On average, analysts predict that Blue Nile Inc. will post $0.88 earnings per share for the current year.
Several equities research analysts recently weighed in on NILE shares. Zacks Investment Research upgraded shares of Blue Nile from a “sell” rating to a “hold” rating in a research report on Wednesday. TheStreet upgraded shares of Blue Nile from a “hold” rating to a “buy” rating in a research report on Monday, September 12th. Finally, William Blair restated a “market perform” rating on shares of Blue Nile in a research report on Tuesday, August 9th. One equities research analyst has 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 an average rating of “Hold” and an average price target of $25.67.
About Blue Nile
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.
Want to see what other hedge funds are holding NILE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blue Nile Inc. (NASDAQ:NILE).
Receive News & Ratings for Blue Nile Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Nile Inc. and related companies with MarketBeat.com's FREE daily email newsletter.