NYSE:BID - Sothebys Stock Price, Price Target & More

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

Sothebys declared that its board has initiated a stock repurchase program on Thursday, March 15th 2018, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Sothebys (NYSE:BID) posted its quarterly earnings data on Thursday, May, 3rd. The specialty retailer reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.30. The specialty retailer had revenue of $195.80 million for the quarter, compared to the consensus estimate of $141 million. Sothebys had a net margin of 12.39% and a return on equity of 24.21%. Sothebys's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.12) EPS. View Sothebys' Earnings History.

Sothebys is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for Sothebys.

4 equities research analysts have issued 12 month target prices for Sothebys' stock. Their forecasts range from $60.00 to $65.00. On average, they anticipate Sothebys' stock price to reach $62.3333 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price. View Analyst Ratings for Sothebys.

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

Some companies that are related to Sothebys include Nielsen (NLSN), GrubHub (GRUB), The Western Union (WU), CDK Global (CDK), WEX (WEX), athenahealth (ATHN), Fair Isaac (FICO), Etsy (ETSY), Healthequity (HQY), Stamps.com (STMP), MAXIMUS (MMS), Cotiviti (COTV), TriNet Group (TNET), Conduent (CNDT) and Ritchie Bros. Auctioneers (RBA).

News headlines about BID stock have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sothebys earned a news sentiment score of 0.14 on Accern's scale. They also gave news headlines about the specialty retailer an impact score of 45.22 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Sothebys' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Retirement Systems of Alabama (0.24%), Bank of Montreal Can (0.06%) and Radnor Capital Management LLC (0.01%). Company insiders that own Sothebys stock include Adam Chinn, 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 Radnor Capital Management 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 acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can and Retirement Systems of Alabama. Company insiders that have bought Sothebys stock in the last two years include Adam Chinn 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 $55.59.

Sothebys has a market capitalization of $2.92 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.

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]