Insider Selling: Blue Nile Director Sells 67,902 Shares of Stock (NILE)
Blue Nile (NASDAQ:NILE) Director Mark Vadon sold 67,902 shares of the company’s stock on the open market in a transaction dated Friday, September 20th. The stock was sold at an average price of $39.71, for a total transaction of $2,696,388.42. Following the completion of the transaction, the director now directly owns 130,768 shares in the company, valued at approximately $5,192,797. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Blue Nile (NASDAQ:NILE) traded up 0.75% on Friday, hitting $40.15. The stock had a trading volume of 177,903 shares. Blue Nile has a 1-year low of $28.90 and a 1-year high of $43.00. The stock’s 50-day moving average is $38.06 and its 200-day moving average is $35.94. The company has a market cap of $499.0 million and a price-to-earnings ratio of 51.75.
Blue Nile (NASDAQ:NILE) last announced its earnings results on Thursday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The company had revenue of $108.00 million for the quarter, compared to the consensus estimate of $103.40 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. Analysts expect that Blue Nile will post $0.82 EPS for the current fiscal year.
Blue Nile, Inc (NASDAQ:NILE) is the online retailer of diamonds and jewelry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.