Blue Nile Inc. (NILE): Today's Featured Specialty Retail Winner

Blue Nile ( NILE) pushed the Specialty Retail industry higher today making it today's featured specialty retail winner. The industry as a whole closed the day down 1.3%. By the end of trading, Blue Nile rose 19 cents (0.6%) to $33.38 on light volume. Throughout the day, 197,032 shares of Blue Nile exchanged hands as compared to its average daily volume of 275,700 shares. The stock ranged in a price between $32.01-$33.96 after having opened the day at $33.49 as compared to the previous trading day's close of $33.19. Other companies within the Specialty Retail industry that increased today were: TravelCenters of America ( TA), up 14.7%, iParty Corporation ( IPT), up 5%, Birks & Mayors ( BMJ), up 3.3%, and CSS Industries ( CSS), up 2.9%.

Blue Nile, Inc. operates as an online retailer of diamonds and fine jewelry worldwide. Its fine jewelry selection includes diamond, gemstone, platinum, gold, pearl and sterling silver jewelry, and accessories, as well as wedding bands, earrings, necklaces, pendants, bracelets, and watches. Blue Nile has a market cap of $439.1 million and is part of the services sector. The company has a P/E ratio of 51.2, equal to the average specialty retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 22.3% year to date as of the close of trading on Wednesday. Currently there is one analyst that rates Blue Nile a buy, one analyst rates it a sell, and six rate it a hold.

TheStreet Ratings rates Blue Nile as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and poor profit margins.

On the negative front, Titan Machinery ( TITN), down 21.8%, Mecox Lane ( MCOX), down 8.8%, Francescas Holdings ( FRAN), down 6.4%, and Build-A-Bear Workshop ( BBW), down 6.2%, were all losers within the specialty retail industry with Tractor Supply ( TSCO) being today's specialty retail industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the specialty retail industry could consider SPDR S&P Retail ETF ( XRT) while those bearish on the specialty retail industry could consider ProShares Ultra Sht Consumer Goods ( SZK).
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