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Equities research analysts at Deutsche Bank cut their price target on shares of Blue Nile (NASDAQ:NILE) from $43.00 to $40.00 in a research note issued to investors on Friday, Analyst RN reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective indicates a potential upside of 22.17% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Blue Nile from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 9th. They now have a $35.20 price target on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $38.70.

Blue Nile (NASDAQ:NILE) traded down 2.05% on Friday, hitting $32.07. The stock had a trading volume of 301,065 shares. Blue Nile has a 52 week low of $30.90 and a 52 week high of $49.14. The stock’s 50-day moving average is $34.63 and its 200-day moving average is $39.94. The company has a market cap of $409.6 million and a P/E ratio of 38.52.

Blue Nile (NASDAQ:NILE) last released its earnings data on Thursday, May 1st. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.08. The company had revenue of $103.70 million for the quarter, compared to the consensus estimate of $105.44 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that Blue Nile will post $0.89 EPS for the current fiscal year.

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

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