The stock of Blue Nile Inc (NASDAQ:NILE) is a huge mover today! About 394,278 shares traded hands or 358.19% up from the average. Blue Nile Inc (NASDAQ:NILE) has risen 21.52% since April 5, 2016 and is uptrending. It has outperformed by 19.56% the S&P500.
The move comes after 5 months positive chart setup for the $475.47M company. It was reported on Nov, 7 by Barchart.com. We have $90.85 PT which if reached, will make NASDAQ:NILE worth $575.32M more.
Blue Nile Inc (NASDAQ:NILE) Ratings Coverage
Out of 3 analysts covering Blue Nile (NASDAQ:NILE), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Blue Nile has been the topic of 5 analyst reports since August 10, 2015 according to StockzIntelligence Inc. As per Tuesday, December 8, the company rating was initiated by Pacific Crest. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, August 10. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, November 6. The company was initiated on Friday, June 10 by William Blair. RBC Capital Markets maintained Blue Nile Inc (NASDAQ:NILE) rating on Friday, February 12. RBC Capital Markets has “Sector Perform” rating and $24 price target.
According to Zacks Investment Research, “Blue Nile Inc is the leading online retailer of diamonds and fine jewelry. It has built a well respected brand by providing consumers with a better way to buy diamonds and fine jewelry. Blue Nile has established some of the highest quality standards in the industry and provides consumers with in-depth educational materials and unique online tools that place consumers in control of the jewelry shopping process. The Blue Nile websites showcase thousands of independently certified diamonds and fine jewelry at prices significantly below traditional retail.”
Insitutional Activity: The institutional sentiment decreased to 0.57 in 2016 Q2. Its down 0.47, from 1.04 in 2016Q1. The ratio worsened, as 15 funds sold all Blue Nile Inc shares owned while 39 reduced positions. 6 funds bought stakes while 25 increased positions. They now own 10.16 million shares or 6.56% less from 10.87 million shares in 2016Q1.
The Texas-based Sunbelt has invested 0% in Blue Nile Inc (NASDAQ:NILE). Ameriprise has 55,680 shares for 0% of their US portfolio. Comerica Fincl Bank last reported 0% of its portfolio in the stock. Deutsche Financial Bank Ag accumulated 0% or 67,761 shares. Wells Fargo Comm Mn holds 3,619 shares or 0% of its portfolio. Partners Ltd Llc has invested 0.03% of its portfolio in Blue Nile Inc (NASDAQ:NILE). New York State Teachers Retirement Sys has 37,146 shares for 0% of their US portfolio. Pnc Finance Svcs holds 0% of its portfolio in Blue Nile Inc (NASDAQ:NILE) for 84 shares. Royal Natl Bank Of Canada holds 79 shares or 0% of its portfolio. Principal Fincl Group Inc last reported 81,690 shares in the company. Legal And General Grp Inc Public Ltd accumulated 2,089 shares or 0% of the stock. Archon Limited Liability holds 4.67% or 141,700 shares in its portfolio. Connors Investor Service accumulated 0.04% or 7,923 shares. Swiss State Bank reported 19,100 shares or 0% of all its holdings. California State Teachers Retirement Sys accumulated 23,149 shares or 0% of the stock.
Insider Transactions: Since May 11, 2016, the stock had 0 insider purchases, and 2 sales for $9,745 net activity. POTTER MICHAEL J bought $102,187 worth of stock or 4,000 shares. Sainsbury Jon had sold 100 shares worth $3,000 on Wednesday, July 13.
More notable recent Blue Nile Inc (NASDAQ:NILE) news were published by: Reuters.com which released: “Online jeweler Blue Nile agrees to be taken private for $500 million” on November 07, 2016, also Marketwatch.com with their article: “Blue Nile to be bought out by Bain for $500 million, a 34% premium for …” published on November 07, 2016, Fool.com published: “Blue Nile Inc. Ends Its Sales Slide” on August 09, 2016. More interesting news about Blue Nile Inc (NASDAQ:NILE) were released by: Fool.com and their article: “Why Blue Nile Inc Stock Soared 18% in August” published on September 07, 2016 as well as Fool.com‘s news article titled: “Why Blue Nile Inc. Stock Plunged 25% in February” with publication date: March 09, 2016.
NILE Company Profile
Blue Nile, Inc. (Blue Nile), incorporated on March 18, 1999, is an online retailer of diamonds and fine jewelry. The Firm operates through the online retail jewelry segment. The Firm offers its products for sale through the Blue Nile Website in over 40 countries and territories around the world. The Company’s subsidiaries include Blue Nile LLC (LLC), which serves the Company’s clients in the United States, Canada and Asia Pacific; Blue Nile Worldwide Inc., which serves its clients in Europe; Blue Nile (Shanghai) Trading Co., Ltd., which serves its clients in China, and Blue Nile Jewellery, Ltd (Jewellery), which operates a customer service and fulfillment center in Dublin, Ireland. The Company’s domestic sales consist of products delivered to clients within the United States and the Company’s international sales consist of products delivered to clients outside the United States.
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