Blue Nile Price Target Raised to $44.00 at RBC Capital (NILE)
Equities research analysts at RBC Capital hoisted their price objective on shares of Blue Nile (NASDAQ:NILE) from $39.00 to $44.00 in a research note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s target price would indicate a potential upside of 7.58% from the stock’s previous close.
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. The stock currently has an average rating of “Hold” and a consensus target price of $40.57.
In other Blue Nile news, Director Mark C. Vadon sold 14,400 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $41.19, for a total value of $593,136.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Blue Nile (NASDAQ:NILE) opened at 40.90 on Friday. Blue Nile has a 1-year low of $28.90 and a 1-year high of $42.34. The stock’s 50-day moving average is $39.54 and its 200-day moving average is $37.10. The company has a market cap of $508.3 million and a P/E ratio of 53.34.
Blue Nile (NASDAQ:NILE) last released its earnings data on Thursday, October 31st. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.01. The company had revenue of $98.90 million for the quarter, compared to the consensus estimate of $99.82 million. During the same quarter last year, the company posted $0.14 earnings per share. Blue Nile’s revenue was up 10.1% compared to the same quarter last year. On average, analysts predict that Blue Nile will post $0.84 earnings per share for the current fiscal year.
Blue Nile, Inc (NASDAQ:NILE) is the online retailer of diamonds and jewelry.
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