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

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$39.36 -0.98 (-2.43 %)
(As of 03/24/2019 11:33 AM ET)
Previous Close$39.36
Today's Range$38.83 - $40.05
52-Week Range$35.62 - $60.16
Volume609,046 shs
Average Volume622,973 shs
Market Capitalization$1.82 billion
P/E Ratio15.87
Dividend YieldN/A
Beta1.31
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.

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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$3.4019 per share
Book Value$9.53 per share

Profitability

Net Income$108.63 million

Miscellaneous

Employees1,713
Market Cap$1.82 billion
Next Earnings Date5/2/2019 (Estimated)
OptionableOptionable

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 share repurchase plan on Thursday, March 15th 2018, which permits the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

How were Sothebys' earnings last quarter?

Sothebys (NYSE:BID) released its quarterly earnings data on Thursday, February, 28th. The specialty retailer reported $1.74 EPS for the quarter, beating the Zacks' consensus estimate of $1.48 by $0.26. The specialty retailer had revenue of $375.15 million for the quarter, compared to analysts' expectations of $336.30 million. Sothebys had a net margin of 10.49% and a return on equity of 24.67%. The company's quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $1.47 earnings per share. View Sothebys' Earnings History.

When is Sothebys' next earnings date?

Sothebys is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for Sothebys.

What price target have analysts set for BID?

4 equities research analysts have issued twelve-month price targets for Sothebys' shares. Their predictions range from $39.00 to $50.00. On average, they expect Sothebys' share price to reach $44.3333 in the next twelve months. This suggests a possible upside of 12.6% from the stock's current price. View Analyst Price Targets for Sothebys.

What is the consensus analysts' recommendation for Sothebys?

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

Has Sothebys been receiving favorable news coverage?

News stories about BID stock have trended positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive 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 2.1 on InfoTrie's scale. They also gave headlines about the specialty retailer a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term.

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 Walt Disney (DIS), Bank of America (BAC), Intel (INTC), Starbucks (SBUX), Micron Technology (MU), Cisco Systems (CSCO), Mastercard (MA), Exxon Mobil (XOM), Netflix (NFLX) and QUALCOMM (QCOM).

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 - Worldwide (Age 58)
  • Mr. Valentino D. Carlotti, Exec. VP & Global Head of Bus. Devel. (Age 51)
  • Mr. Ken Citron, Exec. VP of Operations & Chief Transformation Officer

Who are Sothebys' major shareholders?

Sothebys' stock is owned by a number of 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 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 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. View Insider Buying and Selling for Sothebys.

Which institutional investors are buying Sothebys stock?

BID stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Canada Pension Plan Investment Board, RWC Asset Management LLP, RWC Asset Management LLP, Dimensional Fund Advisors LP, Paradice Investment Management LLC, Royce & Associates LP and Bank of Montreal Can. 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, Scottrade, Fidelity and Charles Schwab.

What is Sothebys' stock price today?

One share of BID stock can currently be purchased for approximately $39.36.

How big of a company is Sothebys?

Sothebys has a market capitalization of $1.82 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.

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:  2.3 out of 5 (star star)
Outperform Votes:  281 (Vote Outperform)
Underperform Votes:  329 (Vote Underperform)
Total Votes:  610
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 3/24/2019 by MarketBeat.com Staff

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