Insider Selling: Mark Vadon Unloads 18,041 Shares of Blue Nile Stock (NILE)
Blue Nile (NASDAQ:NILE) Director Mark Vadon unloaded 18,041 shares of the stock on the open market in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $37.30, for a total transaction of $672,929.30. Following the completion of the sale, the director now directly owns 130,768 shares of the company’s stock, valued at approximately $4,877,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Blue Nile (NASDAQ:NILE) traded down 2.21% on Tuesday, hitting $36.79. 89,858 shares of the company’s stock traded hands. Blue Nile has a 1-year low of $28.90 and a 1-year high of $43.00. The stock has a 50-day moving average of $38.62 and a 200-day moving average of $36.48. The company has a market cap of $457.2 million and a P/E ratio of 48.86.
Blue Nile (NASDAQ:NILE) last released its earnings data on Thursday, August 1st. The company reported $0.17 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.11 earnings per share. Blue Nile’s revenue was up 18.7% compared to the same quarter last year. 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $39.43.
Blue Nile, Inc (NASDAQ:NILE) is the online retailer of diamonds and jewelry.
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