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
Stock Exchange NYSE
Industry Business services, not elsewhere classified
Sub-IndustrySpecialized Consumer Services
SectorBusiness Services
Current SymbolNYSE:BID
Previous Symbol
CUSIP83589810
Phone212-606-7000
Debt
Debt-to-Equity Ratio1.89
Current Ratio1.24
Quick Ratio1.17
Price-To-Earnings
Trailing P/E Ratio18.25
Forward P/E Ratio17.89
P/E GrowthN/A
Sales & Book Value
Annual Sales$989.39 million
Price / Sales2.13
Cash Flow$2.7989 per share
Price / Cash14.57
Book Value$8.77 per share
Price / Book4.65
Profitability
EPS (Most Recent Fiscal Year)$2.25
Net Income$118.79 million
Net Margins10.21%
Return on Equity21.41%
Return on Assets4.60%
Miscellaneous
Employees1,662
Outstanding Shares51,610,000
Market Cap$2.11 billion
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 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 Thursday, November, 1st. The specialty retailer reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.57) by $0.16. The specialty retailer had revenue of $119.20 million for the quarter, compared to the consensus estimate of $130.70 million. Sothebys had a return on equity of 21.41% and a net margin of 10.21%. The company's quarterly revenue was down 33.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.45) EPS. View Sothebys' Earnings History.
When is Sothebys' next earnings date?
What price target have analysts set for BID?
2 Wall Street analysts have issued 12 month price targets for Sothebys' shares. Their forecasts range from $65.00 to $65.00. On average, they anticipate Sothebys' stock price to reach $65.00 in the next twelve months. This suggests a possible upside of 59.1% from the stock's current price. View Analyst Price Targets for Sothebys.
What is the consensus analysts' recommendation for Sothebys?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sothebys in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sothebys.
Has Sothebys been receiving favorable news coverage?
Press coverage about BID stock has been trending negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sothebys earned a news sentiment score of -2.0 on InfoTrie's scale. They also gave news stories about the specialty retailer a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the next several days.
Who are some of Sothebys' key competitors?
Some companies that are related to Sothebys include The Western Union (WU), GrubHub (GRUB), CIELO S A/S (CIOXY), WEX (WEX), Farfetch (FTCH), CDK Global (CDK), Etsy (ETSY), Zillow Group (ZG), Zillow Group (Z), Healthequity (HQY), Fair Isaac (FICO), athenahealth (ATHN), MAXIMUS (MMS), Ritchie Bros. Auctioneers (RBA) and TriNet Group (TNET).
Who are Sothebys' key executives?
Sothebys' 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. Adam David Chinn, Exec. VP & COO (Age 56)
- Mr. David Goodman, Exec. VP of Digital Devel. & Marketing - Worldwide (Age 57)
- Mr. Valentino D. Carlotti, Exec. VP & Global Head of Bus. Devel. (Age 51)
Who are Sothebys' major shareholders?
Sothebys' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.10%), Alliancebernstein L.P. (6.53%), Clal Insurance Enterprises Holdings Ltd (3.13%), Conestoga Capital Advisors LLC (2.85%), Van Berkom & Associates Inc. (2.74%) and Paradice Investment Management LLC (2.39%). Company insiders that own Sothebys stock include Adam Chinn, Kevin M Delaney and Olivier Reza. View Institutional Ownership Trends for Sothebys.
Which major investors are selling Sothebys stock?
BID stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, BlackRock Inc., Victory Capital Management Inc., First Trust Advisors LP, Edgestream Partners L.P., Comerica Bank, Rhumbline Advisers and Tokio Marine Asset Management Co. Ltd.. 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.
Which major investors are buying Sothebys stock?
BID stock was bought by a variety of institutional investors in the last quarter, including Conestoga Capital Advisors LLC, Clal Insurance Enterprises Holdings Ltd, RWC Asset Management LLP, Paradice Investment Management LLC, Van Berkom & Associates Inc., Alliancebernstein L.P., Bank of Montreal Can and State of New Jersey Common Pension Fund D. 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.
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 $40.85.
How big of a company is Sothebys?
Sothebys has a market capitalization of $2.11 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.
What is Sothebys' official website?
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)
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.
