Insider Selling: Blue Nile Director Sells 37,416 Shares of Stock (NILE)
Blue Nile (NASDAQ:NILE) Director Mark Vadon unloaded 37,416 shares of Blue Nile stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $38.93, for a total value of $1,456,604.88. Following the completion of the sale, the director now directly owns 130,768 shares in the company, valued at approximately $5,090,798. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Blue Nile (NASDAQ:NILE) traded down 3.10% during mid-day trading on Tuesday, hitting $37.57. 116,256 shares of the company’s stock traded hands. Blue Nile has a 52-week low of $28.90 and a 52-week high of $43.00. The stock has a 50-day moving average of $38.70 and a 200-day moving average of $36.37. The company has a market cap of $466.9 million and a price-to-earnings ratio of 50.35.
Blue Nile (NASDAQ:NILE) last released its earnings data 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. On average, analysts predict that Blue Nile will post $0.82 earnings per share for the current fiscal year.
Separately, analysts at B. Riley initiated coverage on shares of Blue 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 assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.43.
Blue Nile, Inc (NASDAQ:NILE) is the online retailer of diamonds and jewelry.
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