Benchmark Maintains Hold on Blue Nile

Benchmark is out with its report today on Blue Nile (NASDAQ: NILE), maintaining Hold.

In its report, Benchmark writes, "Blue Nile may experience ongoing pressure from rising diamond prices and moderating consumer demand. Domestic ecommerce spending has moderated to 10% growth y/y likely reflecting reduced consumer confidence. Blue Nile may see downward pressure on margins as it absorbs some of the input cost increases to maintain the value proposition and sustain sales growth despite higher product pricing."

Benchmark maintains a $30 PT on NILE.

Shares of NILE closed Monday at $35.78.