Insider Selling: Blue Nile VP Unloads 1,000 Shares of Stock (NILE)
Blue Nile (NASDAQ:NILE) VP Dwight Gaston sold 1,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $39.63, for a total value of $39,630.00. Following the completion of the transaction, the vice president now directly owns 5,500 shares of the company’s stock, valued at approximately $217,965. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at B. Riley initiated coverage on shares of Blue Nile (NASDAQ:NILE) in a research note to investors on Thursday, September 26th. They set a “buy” rating and a $49.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $39.43.
Blue Nile (NASDAQ:NILE) traded up 1.09% during mid-day trading on Friday, hitting $39.77. The stock had a trading volume of 80,495 shares. Blue Nile has a 52-week low of $28.90 and a 52-week high of $43.00. The stock’s 50-day moving average is $38.65 and its 200-day moving average is $36.3. The company has a market cap of $494.3 million and a price-to-earnings ratio of 51.09.
Blue Nile (NASDAQ:NILE) last announced its earnings results on Thursday, August 1st. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 18.7% on a year-over-year basis.
Blue Nile, Inc (NASDAQ:NILE) is the online retailer of diamonds and jewelry.
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