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Blue Nile (NASDAQ:NILE) VP Dwight Gaston sold 1,000 shares of Blue Nile stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $40.49, for a total transaction of $40,490.00. Following the completion of the sale, the vice president now directly owns 5,500 shares in the company, valued at approximately $222,695. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Blue Nile (NASDAQ:NILE) traded down 2.82% during mid-day trading on Friday, hitting $34.45. 499,990 shares of the company’s stock traded hands. Blue Nile has a 1-year low of $28.90 and a 1-year high of $49.14. The stock’s 50-day moving average is $44.03 and its 200-day moving average is $41.4. The company has a market cap of $441.1 million and a P/E ratio of 40.89.

Blue Nile (NASDAQ:NILE) last announced its earnings results on Thursday, February 6th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.04. The company had revenue of $164.00 million for the quarter, compared to the consensus estimate of $153.40 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts predict that Blue Nile will post $1.03 earnings per share for the current fiscal year.

Separately, analysts at Deutsche Bank cut their price target on shares of Blue Nile from $52.00 to $43.00 in a research note to investors on Friday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Blue Nile has a consensus rating of “Hold” and an average target price of $39.71.

Blue Nile, Inc (NASDAQ:NILE) is the online retailer of diamonds and jewelry.

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