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.
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Industry, Sector and Symbol
Industry Business services, not elsewhere classified
Sub-IndustrySpecialized Consumer Services
SectorBusiness Services
Phone212-606-7000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.04 billion
Profitability
Miscellaneous
Employees1,713
Next Earnings Date11/7/2019 (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 declared that its Board of Directors has initiated a share buyback program on Thursday, March 15th 2018, which allows the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.
How were Sothebys' earnings last quarter?
Sothebys (NYSE:BID) announced its quarterly earnings results on Tuesday, July, 30th. The specialty retailer reported $1.47 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.58 by $0.11. The specialty retailer earned $361.78 million during the quarter, compared to analysts' expectations of $336.58 million. Sothebys had a net margin of 10.47% and a return on equity of 28.39%. During the same quarter in the prior year, the company earned $1.09 earnings per share. View Sothebys' Earnings History.
When is Sothebys' next earnings date?
What price target have analysts set for BID?
5 analysts have issued 12 month target prices for Sothebys' shares. Their predictions range from $44.00 to $57.00. On average, they expect Sothebys' stock price to reach $52.00 in the next year. This suggests that the stock has a possible downside of 8.6%. View Analyst Price Targets for Sothebys.
What is the consensus analysts' recommendation for Sothebys?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sothebys in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Sothebys.
What are Wall Street analysts saying about Sothebys stock?
Here are some recent quotes from research analysts about Sothebys stock:
- 1. Evercore ISI analysts commented, "We derive our $57 Price Target by applying a 17.8x P/E to our $3.30 2020 EPS. RISKS 1. The deal breaks 2. Collapses 3. Chinese recession COMPANIES UNDER COVERAGE BY AUTHOR Evercore ISI €260.00 AEO American Eagle Outfitters, Inc. $21.00 ANF Abercrombie & Fitch Co. Outperform $17.03 $25.00 BID Group plc £23.00 BURL CHF83.00 COLM $110.00 CPRI $50.00 CRI $95.00 DECK Deckers Outdoor Corp." (8/8/2019)
- 2. According to Zacks Investment Research, "Sotheby's Holdings, Inc. is one of the world's second largest auctioneers of fine arts, antiques and collectibles, offering property in collecting categories, among them paintings, jewelry, decorative arts, and books. Sotheby's Holdings, Inc is the parent company of Sotheby's worldwide auction businesses, art-related financing and private sales activities. The Company operates in countries, with principal salesrooms located in New York and London. The company also regularly conducts auctions in other salesrooms around the world, including Australia, Hong Kong, France, Italy, the Netherlands, Switzerland and Singapore. " (7/30/2019)
Has Sothebys been receiving favorable news coverage?
News stories about BID stock have trended somewhat positive on Sunday, according to InfoTrie. The research group rates the sentiment of media coverage by monitoring more than six thousand news and blog 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 media sentiment score of 0.9 on InfoTrie's scale. They also gave news headlines about the specialty retailer a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Sothebys.
Are investors shorting Sothebys?
Sothebys saw a increase in short interest in August. As of August 31st, there was short interest totalling 5,280,300 shares, an increase of 16.3% from the July 31st total of 4,539,500 shares. Based on an average daily volume of 769,900 shares, the short-interest ratio is currently 6.9 days. Approximately 11.7% of the company's shares are sold short. View Sothebys' Current Options Chain.
Who are some of Sothebys' key competitors?
Some companies that are related to Sothebys include The Western Union (WU), Fair Isaac (FICO), WEX (WEX), Nielsen (NLSN), Alliance Data Systems (ADS), Etsy (ETSY), Zillow Group (ZG), Zillow Group (Z), GrubHub (GRUB), CDK Global (CDK), MAXIMUS (MMS), CIELO S A/S (CIOXY), TriNet Group (TNET), Ritchie Bros. Auctioneers (RBA) and Healthequity (HQY).
What other stocks do shareholders of Sothebys own?
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 (Age 58)
- Mr. Valentino D. Carlotti, Exec. VP & Global Head of Bus. Devel. (Age 52)
- Mr. Kenneth Citron, Exec. VP of Operations & Chief Transformation Officer (Age 54)
Who are Sothebys' major shareholders?
Sothebys' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.97%), BlackRock Inc. (7.97%), Vanguard Group Inc. (7.69%), Paulson & CO. Inc. (7.23%), Van Berkom & Associates Inc. (3.43%) and Paradice Investment Management LLC (2.87%). Company insiders that own Sothebys stock include Dennis M Weibling, Jr Thomas S Smith, 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 Conestoga Capital Advisors LLC, Canada Pension Plan Investment Board, Price T Rowe Associates Inc. MD, D. E. Shaw & Co. Inc., Pinnacle Associates Ltd., Bank of Montreal Can, BlackRock Inc. and BlackRock Inc.. Company insiders that have sold Sothebys company stock in the last year include Dennis M Weibling and Kevin M Delaney. View Insider Buying and Selling for Sothebys.
Which major investors are buying Sothebys stock?
BID stock was acquired by a variety of institutional investors in the last quarter, including Paulson & CO. Inc., UBS Group AG, Alpine Associates Management Inc., Water Island Capital LLC, Water Island Capital LLC, Eminence Capital LP, ARP Americas LP and Nuveen Asset Management LLC. 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, Robinhood, Fidelity and Charles Schwab.
What is Sothebys' stock price today?
One share of BID stock can currently be purchased for approximately $56.87.
How big of a company is Sothebys?
Sothebys has a market capitalization of $2.65 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.View Additional Information About Sothebys.
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.
