Share on StockTwits

Equities research analysts at RBC Capital cut their target price on shares of Blue Nile (NASDAQ:NILE) from $37.00 to $26.00 in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. RBC Capital’s price target indicates a potential upside of 1.76% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Wunderlich downgraded shares of Blue Nile from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 22nd. Separately, analysts at William Blair downgraded shares of Blue Nile from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 22nd. Finally, analysts at Barrington Research initiated coverage on shares of Blue Nile in a research note on Monday, June 23rd. They set a “market perform” rating on the stock. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $35.30.

Shares of Blue Nile (NASDAQ:NILE) opened at 25.55 on Wednesday. Blue Nile has a 52-week low of $23.10 and a 52-week high of $49.14. The stock’s 50-day moving average is $27.26 and its 200-day moving average is $32.56. The company has a market cap of $309.1 million and a P/E ratio of 29.30.

Blue Nile (NASDAQ:NILE) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.19 by $0.01. The company had revenue of $106.60 million for the quarter, compared to the consensus estimate of $111.31 million. During the same quarter last year, the company posted $0.17 earnings per share. Blue Nile’s revenue was down 1.3% compared to the same quarter last year. On average, analysts predict that Blue Nile will post $0.83 earnings per share for the current fiscal year.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.