Blue Nile Director Mark Vadon Sells 14,400 Shares (NILE)
Blue Nile (NASDAQ:NILE) Director Mark Vadon sold 14,400 shares of the stock on the open market in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $37.19, for a total transaction of $535,536.00. Following the completion of the sale, the director now directly owns 130,768 shares of the company’s stock, valued at approximately $4,863,262. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Blue Nile (NASDAQ:NILE) traded up 1.52% during mid-day trading on Thursday, hitting $37.52. The stock had a trading volume of 97,791 shares. 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 $38.68 and a 200-day moving average of $36.40. The company has a market cap of $466.3 million and a price-to-earnings ratio of 48.00.
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. Analysts expect that Blue Nile will post $0.82 EPS 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $39.43.
Blue Nile, Inc (NASDAQ:NILE) is the online retailer of diamonds and jewelry.
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