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About Sotheby's (NYSE:BID)
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. It is also involved in the sale of artworks; and operation of an auction house for investment-quality automobiles. The Finance segment offers art-related financing services, such as term loans secured by artworks that are not intended for sale. The company is also involved in the retail wine operations; licensing Sotheby's International Realty and related trademarks; and licensing its Sotheby's brand name for use in connection with the art auction business in Australia, and art education services in the United States and the United Kingdom. Sotheby's was founded in 1744 and is headquartered in New York, New York.
Industry, Sector and Symbol
Industry Business services, not elsewhere classified
Sub-IndustrySpecialized Consumer Services
SectorBusiness Services
SymbolNYSE:BID
CUSIP83589810
Phone212-606-7000
Debt
Debt-to-Equity Ratio1.21
Current Ratio1.25
Quick Ratio1.19
Price-To-Earnings
Trailing P/E Ratio24.43
Forward P/E Ratio21.72
P/E GrowthN/A
Sales & Book Value
Annual Sales$989.39 million
Price / Sales2.88
Cash Flow$2.7828 per share
Price / Cash19.75
Book Value$11.41 per share
Price / Book4.82
Profitability
EPS (Most Recent Fiscal Year)$2.25
Net Income$118.79 million
Net Margins12.39%
Return on Equity24.21%
Return on Assets5.24%
Miscellaneous
Employees1,662
Outstanding Shares51,810,000
Sotheby's (NYSE:BID) Frequently Asked Questions
What is Sotheby's' stock symbol?
Sotheby's trades on the New York Stock Exchange (NYSE) under the ticker symbol "BID."
How will Sotheby's' stock buyback program work?
Sotheby's announced that its board has approved a share buyback program on Thursday, March 15th 2018, which allows the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.
How were Sotheby's' earnings last quarter?
Sotheby's (NYSE:BID) announced its quarterly earnings data on Thursday, May, 3rd. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.21) by $0.30. The specialty retailer earned $195.80 million during the quarter, compared to the consensus estimate of $141 million. Sotheby's had a net margin of 12.39% and a return on equity of 24.21%. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.12) EPS. View Sotheby's' Earnings History.
When is Sotheby's' next earnings date?
What price target have analysts set for BID?
4 Wall Street analysts have issued 1 year price objectives for Sotheby's' shares. Their forecasts range from $60.00 to $65.00. On average, they anticipate Sotheby's' stock price to reach $62.3333 in the next year. View Analyst Ratings for Sotheby's.
Who are some of Sotheby's' key competitors?
Some companies that are related to Sotheby's include Nielsen (NLSN), Zillow (Z), Zillow (ZG), Grubhub (GRUB), Western Union (WU), CDK Global (CDK), WEX (WEX), athenahealth (ATHN), Fair Isaac (FICO), HealthEquity (HQY), Stamps.com (STMP), Maximus (MMS), Conduent (CNDT), TriNet (TNET) and Ritchie Bros. Auctioneers (RBA).
Who are Sotheby's' key executives?
Sotheby's' management team includes the folowing people:
- Mr. Thomas S. Smith Jr., Pres, CEO & Director (Age 53)
- Mr. Michael Fenton Goss, Exec. VP & CFO (Age 58)
- Mr. Jonathan A. Olsoff, Exec. VP & Worldwide Gen. Counsel (Age 58)
- Mr. David Goodman, Exec. VP of Digital Devel. & Marketing (Age 57)
- Ms. Lisa Nadler, Exec. Officer (Age 55)
Has Sotheby's been receiving favorable news coverage?
News articles about BID stock have been trending somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sotheby's earned a news impact score of 0.23 on Accern's scale. They also gave news coverage about the specialty retailer an impact score of 47.19 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Sotheby's' major shareholders?
Sotheby's' stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.98%), Clal Insurance Enterprises Holdings Ltd (3.72%), Victory Capital Management Inc. (2.88%), Van Berkom & Associates Inc. (2.60%), Paradice Investment Management LLC (2.08%) and OppenheimerFunds Inc. (1.72%). Company insiders that own Sotheby's stock include Adam Chinn, Kevin M Delaney, Olivier Reza and Sole Domenico De. View Institutional Ownership Trends for Sotheby's.
Which major investors are selling Sotheby's stock?
BID stock was sold by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Cortina Asset Management LLC, Westfield Capital Management Co. LP, Pinnacle Associates Ltd., California Public Employees Retirement System, ClariVest Asset Management LLC, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp and A.R.T. Advisors LLC. Company insiders that have sold Sotheby's company stock in the last year include Kevin M Delaney and Olivier Reza. View Insider Buying and Selling for Sotheby's.
Which major investors are buying Sotheby's stock?
BID stock was bought by a variety of institutional investors in the last quarter, including Clal Insurance Enterprises Holdings Ltd, Amundi Pioneer Asset Management Inc., BlackRock Inc., Matarin Capital Management LLC, State of Wisconsin Investment Board, Sandler Capital Management, RWC Asset Management LLP and Millennium Management LLC. Company insiders that have bought Sotheby's stock in the last two years include Adam Chinn, Olivier Reza and Sole Domenico De. View Insider Buying and Selling for Sotheby's.
How do I buy shares of Sotheby's?
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.
What is Sotheby's' stock price today?
One share of BID stock can currently be purchased for approximately $54.96.
How big of a company is Sotheby's?
Sotheby's has a market capitalization of $2.88 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. Sotheby's employs 1,662 workers across the globe.
How can I contact Sotheby's?
Sotheby's' 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 Sotheby's (BID)
MarketBeat's community ratings are surveys of what our community members think about Sotheby's 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.
Sotheby's (NYSE:BID) Dividend Information
Sotheby's pays an annual dividend of $0.00 per share, with a dividend yield of 0.00%. BID's most recent quarterly dividend payment was Tuesday, December 15. Sotheby's pays out 0.00% of its earnings out as a dividend.
| Most Recent Dividend: | 12/15/2015 |
| Dividend Yield: | 0.00% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio(s): | 0.00% (Trailing 12 Months of Earnings)
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
0.00% (Based on Cash Flow)
|
Sotheby's (NYSE:BID) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 11/6/2015 | quarterly | $0.10 | | 11/27/2015 | 12/1/2015 | 12/15/2015 |
| 8/6/2015 | quarterly | $0.10 | | 8/28/2015 | 9/1/2015 | 9/15/2015 |
| 5/7/2015 | quarterly | $0.10 | 0.92% | 5/28/2015 | 6/1/2015 | 6/15/2015 |
| 2/26/2015 | quarterly | $0.10 | 0.92% | 3/5/2015 | 3/9/2015 | 3/16/2015 |
| 11/6/2014 | quarterly | $0.10 | 1.01% | 11/26/2014 | 12/1/2014 | 12/15/2014 |
| 8/7/2014 | quarterly | $0.10 | 1.07% | 8/28/2014 | 9/2/2014 | 9/15/2014 |
| 5/6/2014 | quarterly | $0.10 | 0.96% | 5/29/2014 | 6/2/2014 | 6/16/2014 |
| 1/29/2014 | special | $4.34 | 0.84% | 2/10/2014 | 2/12/2014 | 3/17/2014 |
| 11/11/2013 | quarterly | $0.10 | 0.77% | 11/27/2013 | 12/2/2013 | 12/16/2013 |
| 8/6/2013 | quarterly | $0.10 | | | 9/3/2013 | 9/16/2013 |
| 12/6/2012 | quarterly | $0.10 | | | 12/26/2012 | 12/31/2012 |
| 12/9/2012 | special | $0.20 | | 12/21/2012 | 12/26/2012 | 12/31/2012 |
(Data available from 1/1/2013 forward)
Sotheby's (NYSE BID) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 13.91%
Institutional Ownership Percentage: 92.24%
Sotheby's (NYSE BID) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/7/2018 | Kevin M Delaney | SVP | Sell | 1,821 | $51.71 | $94,163.91 | 798 |  |
| 3/7/2018 | Olivier Reza | Director | Sell | 65,000 | $51.64 | $3,356,600.00 | | |
| 3/5/2018 | Olivier Reza | Director | Sell | 10,000 | $51.14 | $511,400.00 | | |
| 3/10/2017 | Adam Chinn | COO | Buy | 2,425 | $46.60 | $113,005.00 | 67,425 | |
| 3/7/2017 | Kevin M Delaney | SVP | Sell | 1,806 | $48.04 | $86,760.24 | 1,212 | |
| 3/6/2017 | Olivier Reza | Director | Buy | 10,000 | $48.04 | $480,400.00 | 10,000 | |
| 8/8/2016 | Kevin M. Delaney | SVP | Sell | 542 | $34.32 | $18,601.44 | | |
| 7/28/2016 | Kevin M Delaney | SVP | Sell | 658 | $33.40 | $21,977.20 | 646 | |
| 6/2/2016 | Sole Domenico De | Director | Buy | 6,620 | $30.29 | $200,519.80 | 33,105 | |
| 6/1/2016 | Olivier Reza | Director | Buy | 10,000 | $30.00 | $300,000.00 | 10,000 | |
| 5/19/2016 | Dennis M Weibling | Director | Buy | 4,000 | $27.89 | $111,560.00 | 79,000 | |
| 5/17/2016 | Dennis M Weibling | Director | Buy | 2,000 | $28.03 | $56,060.00 | 77,000 | |
| 5/16/2016 | Dennis M Weibling | Director | Buy | 4,000 | $27.95 | $111,800.00 | 73,000 | |
| 5/16/2016 | Michael F Goss | CFO | Buy | 50,000 | $27.72 | $1,386,000.00 | 10,000 | |
| 5/12/2016 | Dennis M Weibling | Director | Buy | 4,000 | $27.52 | $110,080.00 | 69,000 | |
| 2/26/2016 | Olivier Reza | Director | Buy | 5,000 | $23.65 | $118,250.00 | 10,000 | |
| 2/16/2016 | Sole Domenico De | Director | Buy | 9,320 | $21.49 | $200,286.80 | 26,485 | |
| 2/12/2016 | Dennis M. Weibling | CFO | Buy | 4,000 | $19.99 | $79,960.00 | 67,000 | |
| 2/8/2016 | Dennis M Weibling | CFO | Buy | 2,000 | $23.29 | $46,580.00 | 63,000 | |
| 2/5/2016 | Dennis M. Weibling | CFO | Buy | 4,000 | $24.03 | $96,120.00 | 61,000 | |
| 2/3/2016 | Dennis M. Weibling | CFO | Buy | 2,000 | $22.98 | $45,960.00 | 57,000 | |
| 2/3/2016 | Jonathan Olsoff | General Counsel | Buy | 2,155 | $23.13 | $49,845.15 | 7,753 | |
| 2/3/2016 | Olivier Reza | Director | Buy | 5,000 | $22.97 | $114,850.00 | 10,000 | |
| 2/2/2016 | Dennis M. Weibling | CFO | Buy | 2,000 | $23.20 | $46,400.00 | 57,000 | |
| 2/2/2016 | Olivier Reza | Director | Buy | 5,000 | $23.04 | $115,200.00 | 10,000 | |
| 2/1/2016 | Dennis M. Weibling | CFO | Buy | 4,000 | $23.05 | $92,200.00 | 53,000 | |
| 1/28/2016 | Dennis M. Weibling | CFO | Buy | 4,000 | $23.00 | $92,000.00 | 49,000 | |
| 1/26/2016 | Olivier Reza | Director | Buy | 10,000 | $22.65 | $226,500.00 | 10,000 | |
| 8/24/2015 | Dennis M Weibling | Director | Buy | 5,000 | $35.00 | $175,000.00 | 55,000 | |
| 8/21/2015 | Dennis M Weibling | Director | Buy | 5,000 | $36.26 | $181,300.00 | 50,000 | |
| 8/17/2015 | Sole Domenico De | Director | Buy | 6,607 | $37.92 | $250,537.44 | | |
| 8/14/2015 | Dennis M Weibling | Director | Buy | 20,000 | $38.10 | $762,000.00 | | |
| 6/16/2015 | David Ulmer | SVP | Sell | 3,000 | $46.46 | $139,380.00 | | |
| 6/3/2015 | Kevin Ching | CEO | Sell | 22,900 | $45.87 | $1,050,423.00 | | |
| 5/28/2015 | John M Angelo | Director | Buy | 52,250 | $44.46 | $2,323,035.00 | | |
| 3/11/2015 | Kevin M Delaney | CAO | Sell | 1,488 | $40.61 | $60,427.68 | | |
| 3/4/2015 | William F Ruprecht | CEO | Sell | 20,000 | $41.73 | $834,600.00 | | |
| 12/15/2014 | William F Ruprecht | CEO | Sell | 15,000 | $38.88 | $583,200.00 | | |
| 5/12/2014 | Kevin Delaney | CAO | Sell | 1,601 | $41.21 | $65,977.21 | | |
| 3/17/2014 | Sole Domenico De | Director | Buy | 4,000 | $45.05 | $180,200.00 | 4,000 | |
| 3/11/2014 | Bruno Vinciguerra | COO | Sell | 15,701 | $47.48 | $745,483.48 | 34,450 | |
| 3/6/2014 | Mitchell Zuckerman | EVP | Sell | 1,500 | $47.27 | $70,905.00 | 12,692 | |
| 11/14/2013 | Patrick Mcclymont | CFO | Buy | 2,000 | $50.92 | $101,840.00 | 2,000 | |
| 9/16/2013 | John Angelo | Director | Sell | 275,000 | $48.55 | $13,351,250.00 | 117,200 | |
| 8/14/2013 | Susan Alexander | EVP | Sell | 16,127 | $45.63 | $735,875.01 | 14,174 | |
| 8/9/2013 | David Ulmer | SVP | Sell | 7,000 | $43.43 | $304,010.00 | 17,057 | |
| 5/24/2013 | William F Ruprecht | CEO | Sell | 25,000 | $36.05 | $901,250.00 | | |
| 1/18/2013 | William F Ruprecht | CEO | Sell | 4,000 | $35.50 | $142,000.00 | | |
| 11/26/2012 | Holder Maarten Ten | Director | Sell | 3,000 | $29.55 | $88,650.00 | | |
| 9/10/2012 | William F Ruprecht | CEO | Sell | 1,156 | $36.00 | $41,616.00 | | |
(Data available from 1/1/2013 forward)
Sotheby's (NYSE BID) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | You Can Bid on These One-of-a-Kind Shoes at Sotheby’s Online Auction
www.msn.com - May 22 at 4:26 PM |
 | Take a look inside Shaquille O'Neal's $28 million Florida mansion
finance.yahoo.com - May 21 at 4:27 PM |
| [$$] Middle-Market Works Power New York Auctions
finance.yahoo.com - May 19 at 9:19 AM |
 | Sotheby's (BID) Upgraded by Zacks Investment Research to Buy
www.americanbankingnews.com - May 18 at 6:47 PM |
| Sean Combs Drops $21 Million on a Canvas by Kerry James Marshall
www.msn.com - May 18 at 4:37 PM |
| A Billion Dollar Week of Sales at Sotheby's Worldwide
finance.yahoo.com - May 18 at 4:37 PM |
 | Back to the Tried and True Blue (Chip) at Christie’s
www.nytimes.com - May 18 at 10:19 AM |
| Sean Combs Is Revealed as Buyer of Kerry James Marshall Painting
www.nytimes.com - May 18 at 10:19 AM |
| Sotheby's (BID) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - May 17 at 3:25 PM |
 | Impressionist and Modern Art Sales See Mixed Results
www.barrons.com - May 17 at 9:42 AM |
| Basquiat's ‘Flesh and Spirit’ Fetches $30.7 Million at Sotheby's
finance.yahoo.com - May 17 at 9:42 AM |
| Sotheby's (BID) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - May 16 at 6:37 PM |
| Malevich Record Price Lifts Christie's $416 Million Art Auction
www.msn.com - May 16 at 9:41 AM |
| Top 3 diamonds fetch $24.1M at Sotheby's auction in Geneva
finance.yahoo.com - May 16 at 9:41 AM |
| Farnese blue diamond, with 300-year royal history, fetches $6.7 mln
finance.yahoo.com - May 15 at 4:50 PM |
| $157 Million for a Modigliani Raises Hardly Any Eyebrows
www.nytimes.com - May 15 at 9:58 AM |
 | Modigliani's Reclining Nude Sells for $157.2 Million
www.bloomberg.com - May 15 at 9:58 AM |
| [$$] Modigliani Nude Sells for a Record $157 Million
finance.yahoo.com - May 15 at 9:58 AM |
| [$$] Modigliani masterpiece Nu couché sells for $157m
finance.yahoo.com - May 15 at 9:58 AM |
| Modigliani Nude Sells for $157.2 Million
finance.yahoo.com - May 15 at 9:58 AM |
 | Watch this rare Jeff Bezos interview on one of Amazon's early failures
www.cnbc.com - May 14 at 6:16 PM |
 | Sotheby's International Realty Brand Amplía su Presencia en México
www.prnewswire.com - May 14 at 5:08 PM |
 | In the Art World, Is $100 Million the New $10 Million?
www.wsj.com - May 14 at 4:31 PM |
| New York to Billionaire Art Investors: Whip Out Your Checkbooks
www.bloomberg.com - May 14 at 10:15 AM |
| Nine Hidden Gems Unearthed at Sotheby’s Sunday Watch Auction
finance.yahoo.com - May 13 at 5:12 PM |
| La Tache '78, Mouton '59 Among Wines in Sotheby's New York Sale
finance.yahoo.com - May 13 at 9:51 AM |
| [$$] In the Art World, Is $100 Million the New $10 Million?
finance.yahoo.com - May 12 at 10:07 AM |
| At Rockefeller Auction, They Came. They Bid. They Mostly Lost.
www.nytimes.com - May 10 at 9:40 AM |
 | Sotheby's (BID) CEO Thomas Smith on Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - May 6 at 6:04 PM |
| Sotheby's up 3% post Q1 results
seekingalpha.com - May 4 at 4:27 PM |
| Sotheby's beats by $0.31, beats on revenue
seekingalpha.com - May 4 at 9:21 AM |
| Why Sotheby's Isn't Scared About a Weak Quarter
www.msn.com - May 4 at 9:21 AM |
| Edited Transcript of BID earnings conference call or presentation 3-May-18 8:45pm GMT
finance.yahoo.com - May 4 at 9:21 AM |
| Burgundy Is Battering Bordeaux, Says Sotheby’s
finance.yahoo.com - May 4 at 9:21 AM |
| Sotheby's: 1Q Earnings Snapshot
finance.yahoo.com - May 4 at 9:21 AM |
| Why Sotheby's Isn't Scared About a Weak Quarter
finance.yahoo.com - May 4 at 9:21 AM |
| Sotheby's (BID) Announces Quarterly Earnings Results
www.americanbankingnews.com - May 4 at 12:08 AM |
| Sotheby’s Reports 2018 First Quarter Financial Results
finance.yahoo.com - May 3 at 4:26 PM |
| Sotheby's (BID) Set to Announce Earnings on Thursday
www.americanbankingnews.com - April 26 at 2:34 AM |
| Modigliani’s ‘Reclining Nude’ to Sell For at Least $150 million
www.barrons.com - April 25 at 9:32 AM |
 | Modigliani painting once owned by mogul Steve Wynn could fetch $150M
www.bizjournals.com - April 24 at 4:42 PM |
| Modigliani nude expected to lead spring art auctions with record price of $150 million
finance.yahoo.com - April 24 at 4:42 PM |
| Modigliani's largest nude to go under hammer, seen at $150 mln
finance.yahoo.com - April 24 at 4:42 PM |
| An Irish Horse Breeder Has a $150 Million Modigliani Nude to Sell
finance.yahoo.com - April 24 at 9:25 AM |
| Lafleur '82 Magnums Fetch More Than $12,000 Each at Sotheby's
finance.yahoo.com - April 21 at 9:18 AM |
| Springsteen's ‘Born to Run’ Lyrics to Be Auctioned at Sotheby's
finance.yahoo.com - April 20 at 4:31 PM |
 | Russell Crowe got $3.7 million from his ‘divorce auction’ but it’s not the new celebrity normal
www.marketwatch.com - April 19 at 4:40 PM |
| Brokerages Anticipate Sotheby's (BID) to Announce -$0.21 Earnings Per Share
www.americanbankingnews.com - April 19 at 1:18 PM |
| Sotheby’s First Quarter 2018 Earnings Conference Call Invitation
finance.yahoo.com - April 18 at 4:44 PM |
 | Sotheby's First Quarter 2018 Earnings Conference Call Invitation
feeds.benzinga.com - April 18 at 11:49 AM |
Sotheby's (NYSE:BID) SEC Filings
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Sotheby's (NYSE:BID) Income Statement, Balance Sheet and Cash Flow Statement
Sotheby's (NYSE BID) Stock Chart for Wednesday, May, 23, 2018
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