Benchmark Upgrades Blue Nile (NILE) to Hold Return to Double-Digit Growth
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Price: $32.50 +2.98%
Rating Summary:
2 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
2 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade NILE Now!
Benchmark upgraded Blue Nile (NASDAQ: NILE) from Sell to Hold. Raises PT from $31 to $46.
Benchmark analyst says, "We are raising our rating on NILE given the accelerating recovery in US ecommerce sales, including a better-thanexpected holiday season for jewelry rendering Blue Nile stock’s vulnerability to slow
growth as now limited."
"For the full-year 2010, we now estimate total revenue may grow by 11% y/y to $336 million, up from our prior estimate of $329 million. Our EBITDA estimate is $32 million, as higher revenues could be hindered by increased SG&A expense. Our EPS estimate rises from $0.94 to $0.96 with free cash flow of $1.45 per share...We raise our 2011 forecast with revenue potentially rising by 12% y/y to $376 million as consumer spending recovers, although discretionary spending categories may lag the broader industry...Our 2011E EPS is $1.15."
For more ratings news on Blue Nile click here and for the rating history of Blue Nile click here.
Shares of Blue Nile closed at $55.46 yesterday, with a 52 week range of $40.70-$63.10.
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Benchmark analyst says, "We are raising our rating on NILE given the accelerating recovery in US ecommerce sales, including a better-thanexpected holiday season for jewelry rendering Blue Nile stock’s vulnerability to slow
growth as now limited."
"For the full-year 2010, we now estimate total revenue may grow by 11% y/y to $336 million, up from our prior estimate of $329 million. Our EBITDA estimate is $32 million, as higher revenues could be hindered by increased SG&A expense. Our EPS estimate rises from $0.94 to $0.96 with free cash flow of $1.45 per share...We raise our 2011 forecast with revenue potentially rising by 12% y/y to $376 million as consumer spending recovers, although discretionary spending categories may lag the broader industry...Our 2011E EPS is $1.15."
For more ratings news on Blue Nile click here and for the rating history of Blue Nile click here.
Shares of Blue Nile closed at $55.46 yesterday, with a 52 week range of $40.70-$63.10.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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