Ownership Action Don’t Lie: Here is What Institutional Investors Think About Blue Nile Inc (NASDAQ:NILE)

Sentiment for Blue Nile Inc (NASDAQ:NILE)

Blue Nile Inc (NASDAQ:NILE) institutional sentiment increased to 1.05 in 2016 Q3. Its up 0.48, from 0.57 in 2016Q2. The ratio is more positive, as 46 active investment managers increased or started new stock positions, while 44 sold and trimmed stock positions in Blue Nile Inc. The active investment managers in our partner’s database now have: 10.89 million shares, up from 10.16 million shares in 2016Q2. Also, the number of active investment managers holding Blue Nile Inc in their top 10 stock positions decreased from 2 to 1 for a decrease of 1. Sold All: 19 Reduced: 25 Increased: 29 New Position: 17.

Blue Nile Inc. is a United States-based online jeweler. The company has a market cap of $472.58 million. The Firm primarily sells diamonds and fine jewelry online. It has a 49.61 P/E ratio. The Firm offers signature diamonds, such as Round, Princess, Emerald, Asscher, and Cushion Hearts & Arrows.

The stock closed at $40.47 during the last session. It is down 54.41% since May 9, 2016 and is uptrending. It has outperformed by 44.65% the S&P500.

Analysts await Blue Nile Inc (NASDAQ:NILE) to report earnings on February, 9. They expect $0.47 earnings per share, up 9.30% or $0.04 from last year’s $0.43 per share. NILE’s profit will be $5.49 million for 21.53 P/E if the $0.47 EPS becomes a reality. After $0.11 actual earnings per share reported by Blue Nile Inc for the previous quarter, Wall Street now forecasts 327.27% EPS growth.

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.”

Archon Capital Management Llc holds 7.64% of its portfolio in Blue Nile Inc for 87,000 shares. Tcs Capital Management Llc owns 120,386 shares or 2.26% of their US portfolio. Moreover, Foxhaven Asset Management Lp has 1.53% invested in the company for 464,390 shares. The Massachusetts-based Rutabaga Capital Management Llc Ma has invested 1.34% in the stock. Wasatch Advisors Inc, a Utah-based fund reported 1.52 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 2 sales for $9,745 net activity.

Blue Nile Inc (NASDAQ:NILE) Ratings Coverage

Ratings analysis reveals 0 of Blue Nile’s analysts are positive. Out of 3 Wall Street analysts rating Blue Nile, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $24 while the high is $39. The stock’s average target of $24 is -40.70% below today’s ($40.47) share price. NILE was included in 5 notes of analysts from August 10, 2015. RBC Capital Markets maintained Blue Nile Inc (NASDAQ:NILE) on Monday, August 10 with “Sector Perform” rating. The stock of Blue Nile Inc (NASDAQ:NILE) earned “Sector Perform” rating by RBC Capital Markets on Friday, November 6. As per Friday, February 12, the company rating was maintained by RBC Capital Markets. The rating was initiated by William Blair with “Market Perform” on Friday, June 10. The firm earned “Sector Weight” rating on Tuesday, December 8 by Pacific Crest.

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.

More notable recent Blue Nile Inc (NASDAQ:NILE) news were published by: Fool.com which released: “Blue Nile Inc. to Go Private” on November 07, 2016, also Fool.com with their article: “Blue Nile Inc. Ends Its Sales Slide” published on August 09, 2016, Fool.com published: “Why Blue Nile Inc Stock Soared 18% in August” on September 07, 2016. More interesting news about Blue Nile Inc (NASDAQ:NILE) were released by: Fool.com and their article: “Why Blue Nile Inc. Stock Plunged 25% in February” published on March 09, 2016 as well as Fool.com‘s news article titled: “Shares Plunge as Blue Nile Inc Reins In Its Growth Outlook for 2016” with publication date: February 11, 2016.