Blue Nile Inc. (NASDAQ:NILE) rose 2.7% during 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 topic of several recent research reports. Zacks Investment Research lowered shares of Blue Nile from a “hold” rating to a “sell” rating in a research report on Saturday, June 25th. William Blair began coverage on shares of Blue Nile in a report on Friday, June 10th. They issued a “market perform” rating on the stock. Two 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. Blue Nile has an average rating of “Hold” and an average target price of $25.67.

The company has a market capitalization of $384.95 million and a P/E ratio of 38.00. The company’s 50-day moving average price is $29.59 and its 200-day moving average price is $27.14.

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