NYSE:BID - Sothebys Stock Price, News, & Analysis

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

Sothebys declared that its Board of Directors has approved a stock repurchase plan on Thursday, March 15th 2018, which permits the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Sothebys (NYSE:BID) posted its earnings results on Monday, August, 6th. The specialty retailer reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.55 by $0.46. The specialty retailer had revenue of $345.60 million for the quarter, compared to analyst estimates of $330.28 million. Sothebys had a return on equity of 21.41% and a net margin of 10.21%. Sothebys's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 earnings per share. View Sothebys' Earnings History.

Sothebys is scheduled to release their next quarterly earnings announcement on Thursday, February 28th 2019. View Earnings Estimates for Sothebys.

3 brokers have issued 12-month price targets for Sothebys' shares. Their forecasts range from $39.00 to $50.00. On average, they expect Sothebys' stock price to reach $44.3333 in the next year. This suggests a possible upside of 7.0% from the stock's current price. View Analyst Price Targets for Sothebys.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sothebys in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Sothebys.

Headlines about BID stock have been trending somewhat positive on Saturday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Sothebys earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned media headlines about the specialty retailer a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days.

Some companies that are related to Sothebys include CIELO S A/S (CIOXY), WEX (WEX), GrubHub (GRUB), CDK Global (CDK), Fair Isaac (FICO), Etsy (ETSY), Farfetch (FTCH), athenahealth (ATHN), Healthequity (HQY), MAXIMUS (MMS), TriNet Group (TNET), Ritchie Bros. Auctioneers (RBA), Conduent (CNDT), HMS (HMSY) and Envestnet (ENV).

Based on aggregate information from My MarketBeat watchlists, some companies that other Sothebys investors own include Walt Disney (DIS), Bank of America (BAC), Intel (INTC), Starbucks (SBUX), Micron Technology (MU), Mastercard (MA), Exxon Mobil (XOM), Netflix (NFLX), Blackstone Group (BX) and QUALCOMM (QCOM).

Sothebys' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.32%), Conestoga Capital Advisors LLC (3.10%), Dimensional Fund Advisors LP (3.02%), Paradice Investment Management LLC (2.70%), RWC Asset Management LLP (2.36%) and RWC Asset Management LLP (2.36%). Company insiders that own Sothebys stock include Adam Chinn, Jr Thomas S Smith, Kevin M Delaney and Olivier Reza. View Institutional Ownership Trends for Sothebys.

BID stock was sold by a variety of institutional investors in the last quarter, including Amundi Pioneer Asset Management Inc., BlackRock Inc., Bank of New York Mellon Corp, Hosking Partners LLP, Smith Asset Management Group LP, Principal Financial Group Inc., Two Sigma Advisers LP and Barrow Hanley Mewhinney & Strauss LLC. Company insiders that have sold Sothebys company stock in the last year include Kevin M Delaney and Olivier Reza. View Insider Buying and Selling for Sothebys.

BID stock was purchased by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, RWC Asset Management LLP, RWC Asset Management LLP, Dimensional Fund Advisors LP, Paradice Investment Management LLC, Royce & Associates LP, Bank of Montreal Can and Triad Investment Management. Company insiders that have bought Sothebys stock in the last two years include Adam Chinn, Jr Thomas S Smith and Olivier Reza. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of BID stock can currently be purchased for approximately $41.43.

Sothebys has a market capitalization of $2.03 billion and generates $989.39 million in revenue each year. The specialty retailer earns $118.79 million in net income (profit) each year or $2.25 on an earnings per share basis. Sothebys employs 1,662 workers across the globe.

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

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]