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Sothebys Stock Price, Forecast & Analysis (NYSE:BID)

$56.99
0.00 (0.00 %)
(As of 10/22/2019)
Today's Range
$56.99
Now: $56.99
$56.99
50-Day Range
$56.96
MA: $56.99
$57.01
52-Week Range
$32.01
Now: $56.99
$59.94
VolumeN/A
Average Volume857,409 shs
Market Capitalization$2.66 billion
P/E Ratio22.98
Dividend YieldN/A
Beta1.97
Sotheby's operates as an auctioneer of authenticated fine art, decorative art, jewelry, wine, and collectibles in the United States, the United Kingdom, Hong Kong, China, Switzerland, France, and internationally. The company operates in two segments, Agency and Finance. The Agency segment accepts property on consignment; and matches sellers to buyers through the auction or private sale process. Read More…

Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustrySpecialized Consumer Services
SectorBusiness Services
CUSIP83589810
Phone212-606-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.04 billion
Cash Flow$3.40 per share
Book Value$9.53 per share

Profitability

Net Income$108.63 million

Miscellaneous

Employees1,713
Market Cap$2.66 billion
Next Earnings DateN/A
OptionableOptionable

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Sothebys (NYSE:BID) Frequently Asked Questions

What is Sothebys' stock symbol?

Sothebys trades on the New York Stock Exchange (NYSE) under the ticker symbol "BID."

How will Sothebys' stock buyback program work?

Sothebys announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 15th 2018, which authorizes the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued.

How were Sothebys' earnings last quarter?

Sothebys (NYSE:BID) issued its earnings results on Tuesday, July, 30th. The specialty retailer reported $1.47 EPS for the quarter, missing the consensus estimate of $1.58 by $0.11. The specialty retailer earned $361.78 million during the quarter, compared to analysts' expectations of $336.58 million. Sothebys had a return on equity of 28.39% and a net margin of 10.47%. During the same period last year, the firm posted $1.09 earnings per share. View Sothebys' Earnings History.

What price target have analysts set for BID?

5 brokerages have issued 12 month price objectives for Sothebys' stock. Their forecasts range from $44.00 to $57.00. On average, they expect Sothebys' stock price to reach $52.00 in the next twelve months. This suggests that the stock has a possible downside of 8.8%. View Analyst Price Targets for Sothebys.

What is the consensus analysts' recommendation for Sothebys?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sothebys in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Sothebys.

What are Wall Street analysts saying about Sothebys stock?

Here are some recent quotes from research analysts about Sothebys stock:
  • 1. Evercore ISI analysts commented, "We derive our $57 Price Target by applying a 17.8x P/E to our $3.30 2020 EPS. RISKS 1. The deal breaks 2. Collapses 3. Chinese recession COMPANIES UNDER COVERAGE BY AUTHOR Evercore ISI €260.00 AEO American Eagle Outfitters, Inc. $21.00 ANF Abercrombie & Fitch Co. Outperform $17.03 $25.00 BID Group plc £23.00 BURL CHF83.00 COLM $110.00 CPRI $50.00 CRI $95.00 DECK Deckers Outdoor Corp." (8/8/2019)
  • 2. According to Zacks Investment Research, "Sotheby's Holdings, Inc. is one of the world's second largest auctioneers of fine arts, antiques and collectibles, offering property in collecting categories, among them paintings, jewelry, decorative arts, and books. Sotheby's Holdings, Inc is the parent company of Sotheby's worldwide auction businesses, art-related financing and private sales activities. The Company operates in countries, with principal salesrooms located in New York and London. The company also regularly conducts auctions in other salesrooms around the world, including Australia, Hong Kong, France, Italy, the Netherlands, Switzerland and Singapore. " (7/30/2019)

Has Sothebys been receiving favorable news coverage?

Media coverage about BID stock has been trending very negative recently, InfoTrie reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sothebys earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned news coverage about the specialty retailer a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Sothebys.

Who are some of Sothebys' key competitors?

What other stocks do shareholders of Sothebys own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sothebys investors own include DEUTSCHE BOERSE/ADR (DBOEY), Bank of Hawaii (BOH), InterDigital Wireless (IDCC), Stag Industrial (STAG), American International Group (AIG), Mastercard (MA), Walt Disney (DIS), QUALCOMM (QCOM), Cisco Systems (CSCO) and Intel (INTC).

Who are Sothebys' key executives?

Sothebys' management team includes the folowing people:
  • Mr. Thomas S. Smith Jr., Pres, CEO & Director (Age 54)
  • Mr. Michael Fenton Goss, Exec. VP & CFO (Age 59)
  • Mr. David Goodman, Exec. VP of Digital Devel. & Marketing (Age 58)
  • Mr. Valentino D. Carlotti, Exec. VP & Global Head of Bus. Devel. (Age 52)
  • Mr. Kenneth Citron, Exec. VP of Operations & Chief Transformation Officer (Age 54)

Who are Sothebys' major shareholders?

Sothebys' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Paradice Investment Management LLC (2.58%), Gabelli Funds LLC (1.29%), ARP Americas LP (0.66%), GABELLI & Co INVESTMENT ADVISERS INC. (0.61%), Eagle Asset Management Inc. (0.26%) and Rhumbline Advisers (0.22%). Company insiders that own Sothebys stock include Dennis M Weibling, Jr Thomas S Smith, Kevin M Delaney and Olivier Reza. View Institutional Ownership Trends for Sothebys.

Which institutional investors are selling Sothebys stock?

BID stock was sold by a variety of institutional investors in the last quarter, including Paradice Investment Management LLC, SG Americas Securities LLC, Eagle Asset Management Inc., Comerica Bank, Rhumbline Advisers, Harvest Management LLC, First Mercantile Trust Co. and Tower Research Capital LLC TRC . Company insiders that have sold Sothebys company stock in the last year include Dennis M Weibling and Kevin M Delaney. View Insider Buying and Selling for Sothebys.

Which institutional investors are buying Sothebys stock?

BID stock was bought by a variety of institutional investors in the last quarter, including Gabelli Funds LLC, GABELLI & Co INVESTMENT ADVISERS INC., ARP Americas LP, Gamco Investors INC. ET AL, State of New Jersey Common Pension Fund D, Zeke Capital Advisors LLC, California Public Employees Retirement System and State of Alaska Department of Revenue. View Insider Buying and Selling for Sothebys.

How do I buy shares of Sothebys?

Shares of BID can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Sothebys' stock price today?

One share of BID stock can currently be purchased for approximately $56.99.

How big of a company is Sothebys?

Sothebys has a market capitalization of $2.66 billion and generates $1.04 billion in revenue each year. The specialty retailer earns $108.63 million in net income (profit) each year or $2.48 on an earnings per share basis. Sothebys employs 1,713 workers across the globe.View Additional Information About Sothebys.

What is Sothebys' official website?

The official website for Sothebys is http://www.sothebys.com/.

How can I contact Sothebys?

Sothebys' mailing address is 1334 YORK AVENUE, NEW YORK NY, 10021. The specialty retailer can be reached via phone at 212-606-7000 or via email at [email protected]


MarketBeat Community Rating for Sothebys (NYSE BID)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  311 (Vote Outperform)
Underperform Votes:  403 (Vote Underperform)
Total Votes:  714
MarketBeat's community ratings are surveys of what our community members think about Sothebys and other stocks. Vote "Outperform" if you believe BID will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BID will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/13/2019 by MarketBeat.com Staff

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