Sotheby's is a global art business company. The Company is engaged in offering its clients opportunities to connect with and transact in a range of objects. The Company offers a range of art-related services, including the brokerage of private art sales, private jewelry sales through Sotheby's Diamonds, private selling exhibitions at its galleries, art-related financing, and art advisory services, as well as retail wine locations in New York and Hong Kong. The Company operates through two segments: Agency and Finance. The Agency segment matches buyers and sellers of authenticated fine art, decorative art, jewelry, wine and collectibles (collectively, art or works of art or artwork or property) through the auction or private sale process. The Finance segment is engaged in art-related financing activities by making loans that are secured by works of art. The Company's advisory services are classified within All Other segment.
Industry, Sector and Symbol:
- Sector: Business Services
- Industry: Antique Dealers
- Sub-Industry: Specialized Consumer Services
- Symbol: NYSE:BID
- CUSIP: 83589810
- Web: www.sothebys.com
Capitalization:- Market Cap: $2.37068 billion
- Outstanding Shares: 52,670,000
Average Prices:- 50 Day Moving Avg: $46.67
- 200 Day Moving Avg: $49.37
- 52 Week Range: $33.85 - $57.95
P/E:- Trailing P/E Ratio: 32.75
- Foreward P/E Ratio: 17.69
- P/E Growth: 1.55
Sales & Book Value:- Annual Revenue: $902.62 million
- Price / Sales: 2.66
- Book Value: $10.31 per share
- Price / Book: 4.43
Profitability:- EBIDTA: $181.17 million
- Net Margins: 8.49%
- Return on Equity: 18.72%
- Return on Assets: 3.80%
Debt:- Debt-to-Equity Ratio: 2.02%
- Current Ratio: 1.49%
- Quick Ratio: 1.37%
Misc:- Average Volume: 523,023 shs.
- Beta: 1.84
- Short Ratio: 12.87
Frequently Asked Questions for Sotheby's (NYSE:BID)
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 declared that its board has authorized a share repurchase plan on Wednesday, August 16th 2017, which permits the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 4.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.
How were Sotheby's' earnings last quarter?
Sotheby's (NYSE:BID) posted its earnings results on Thursday, August, 3rd. The company reported $1.43 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.51 by $0.08. The company had revenue of $314.90 million for the quarter, compared to analysts' expectations of $313.90 million. Sotheby's had a return on equity of 18.72% and a net margin of 8.49%. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS. View Sotheby's' Earnings History.
When will Sotheby's make its next earnings announcement?
Where is Sotheby's' stock going? Where will Sotheby's' stock price be in 2017?
2 analysts have issued twelve-month target prices for Sotheby's' stock. Their forecasts range from $56.00 to $62.00. On average, they anticipate Sotheby's' stock price to reach $59.00 in the next twelve months. View Analyst Ratings for Sotheby's.
What are analysts saying about Sotheby's stock?
Here are some recent quotes from research analysts about Sotheby's stock:
- 1. 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. " (9/12/2017)
- 2. Cowen and Company analysts commented, "Cowen's London Chairman & CFO Meetings. We like BID's focus on execution of core competencies combined w/ thoughtful pursuit of new adjacent endeavors. Biggest drivers: digital innovation, enhanced risk & strategic mgmt. w/ respect to asset gathering/ROIC discipline. Meanwhile, talent & new big data/authenticity capabilities should drive differentiation & modernization. Raise PT to $56 (was $53)." (3/16/2017)
Who are some of Sotheby's' key competitors?
Some companies that are related to Sotheby's include WEX (WEX), HAVAS ORD (HAVSF), Dun & Bradstreet Corporation (The) (DNB), Maximus (MMS), Brink's Company (The) (BCO), CoreLogic (CLGX), Healthcare Services Group (HCSG), Morningstar (MORN), Deluxe Corporation (DLX), Ritchie Bros. Auctioneers Incorporated (RBA), Stantec (STN), Clean Harbors (CLH), Avis Budget Group (CAR), On Assignment (ASGN), Green Dot Corporation (GDOT), Verifone Systems (PAY), TriNet Group (TNET) and WageWorks (WAGE).
Who are Sotheby's' key executives?
Sotheby's' management team includes the folowing people:
- Domenico De Sole, Chairman of the Board
- Thomas S. Smith Jr., President, Chief Executive Officer, Director
- Peregrine Andrew Morny Cavendish CBE, Deputy Chairman of the Board
- Michael F. Goss, Chief Financial Officer, Executive Vice President
- Adam David Chinn, Chief Operating Officer, Executive Vice President
- Jonathan A. Olsoff, Executive Vice President, Worldwide General Counsel
- David Goodman, Executive Vice President of Digital Development and Marketing
- Jane A. Levine, Executive Vice President, Chief Global Compliance Counsel and Head of Government and Regulatory Affairs
- Matthew B. McCormick, Executive Vice President
- Kevin M. Delaney CPA, Senior Vice President, Controller and Chief Accounting Officer
Who owns Sotheby's stock?
Sotheby's' stock is owned by a number of of retail and institutional investors. Top institutional investors include Third Point LLC (12.65%), BlackRock Inc. (8.14%), Vanguard Group Inc. (7.55%), Alliancebernstein L.P. (6.15%), State Street Corp (2.77%) and Dimensional Fund Advisors LP (2.66%). Company insiders that own Sotheby's stock include Adam Chinn, Dennis M Weibling, Jonathan Olsoff, Kevin M Delaney, Michael F Goss, Olivier Reza and Sole Domenico De. View Institutional Ownership Trends for Sotheby's.
Who sold Sotheby's stock? Who is selling Sotheby's stock?
Sotheby's' stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Victory Capital Management Inc., Van Berkom & Associates Inc., Quantitative Investment Management LLC, Fred Alger Management Inc., State Street Corp, Northern Trust Corp and Alliancebernstein L.P.. View Insider Buying and Selling for Sotheby's.
Who bought Sotheby's stock? Who is buying Sotheby's stock?
Sotheby's' stock was bought by a variety of institutional investors in the last quarter, including Discovery Capital Management LLC CT, Vanguard Group Inc., Prudential Financial Inc., Teachers Advisors LLC, Voya Investment Management LLC, Horseman Capital Management Ltd, Lord Abbett & CO. LLC and AHL Partners LLP. Company insiders that have bought Sotheby's stock in the last two years include Adam Chinn, Dennis M Weibling, Jonathan Olsoff, Michael F Goss, Olivier Reza and Sole Domenico De. View Insider Buying and Selling for Sotheby's.
How do I buy Sotheby's stock?
Shares of Sotheby's can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Sotheby's' stock price today?
One share of Sotheby's stock can currently be purchased for approximately $45.65.
MarketBeat Community Rating for Sotheby's (NYSE BID)MarketBeat's community ratings are surveys of what our community members think about Sotheby's and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Sotheby's (NYSE:BID) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 2 Buy Ratings |
| Consensus Rating: | Buy (Score: 3.00) |
| Consensus Price Target: | $59.00 (29.24% upside) |
Analysts' Ratings History for Sotheby's (NYSE:BID)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 7/21/2017 | Sidoti | Reiterated Rating | Buy | $59.00 -> $62.00 | Low |  |
| 3/16/2017 | Cowen and Company | Boost Price Target | Outperform | $53.00 -> $56.00 | Low | |
| 4/14/2016 | Standpoint Research | Downgrade | Buy -> Hold | | N/A | |
| 2/29/2016 | Craig Hallum | Lower Price Target | Hold | $26.00 -> $22.00 | N/A | |
| 2/26/2016 | Barrington Research | Downgrade | Outperform -> Market Perform | | N/A | |
| 2/11/2016 | Stifel Nicolaus | Downgrade | Buy -> Hold | | N/A | |
| 1/21/2016 | Goldman Sachs Group, Inc. (The) | Lower Price Target | Neutral | $29.00 -> $25.00 | N/A | |
(Data available from 9/20/2015 forward)
Earnings History for Sotheby's (NYSE:BID)Earnings History by Quarter for Sotheby's (NYSE BID)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/6/2017 | | ($0.68) | | | | | N/A | |
| 8/3/2017 | Q2 2017 | $1.51 | $1.43 | $313.90 million | $314.90 million | View | Listen | |
| 5/10/2017 | Q1 17 | ($0.38) | ($0.21) | $111.66 million | $187.50 million | View | N/A | |
| 2/27/2017 | Q416 | $1.17 | $1.35 | $277.28 million | $308.69 million | View | Listen | |
| 11/7/2016 | Q316 | ($0.62) | ($0.78) | $82.90 million | $91.49 million | View | Listen | |
| 8/8/2016 | Q216 | $1.05 | $1.51 | $291.22 million | $298.67 million | View | N/A | |
| 5/9/2016 | Q116 | ($0.23) | ($0.35) | $124.54 million | $106.53 million | View | Listen | |
| 2/26/2016 | Q415 | $1.14 | $1.19 | $331.14 million | $335.80 million | View | Listen | |
| 11/9/2015 | Q315 | ($0.27) | ($0.26) | $112.60 million | $138.00 million | View | N/A | |
| 8/7/2015 | Q215 | $1.24 | $1.04 | $342.49 million | $332.00 million | View | N/A | |
| 5/11/2015 | Q115 | $0.00 | $0.11 | $151.70 million | $155.70 million | View | Listen | |
| 3/2/2015 | Q414 | $1.28 | $1.12 | $338.11 million | $351.20 million | View | N/A | |
| 11/10/2014 | Q314 | ($0.37) | ($0.30) | $92.73 million | $94.20 million | View | N/A | |
| 8/8/2014 | Q214 | $1.44 | $1.26 | $345.63 million | $335.82 million | View | N/A | |
| 5/7/2014 | Q114 | ($0.08) | ($0.09) | $129.39 million | $156.81 million | View | N/A | |
| 2/27/2014 | Q413 | $1.40 | $1.30 | $351.58 million | $339.20 million | View | N/A | |
| 11/11/2013 | Q313 | ($0.47) | ($0.44) | $68.46 million | $107.86 million | View | N/A | |
| 8/6/2013 | Q2 2013 | $1.37 | $1.33 | $318.14 million | $304.80 million | View | N/A | |
| 5/9/2013 | Q1 2013 | ($0.12) | ($0.33) | $116.90 million | $101.70 million | View | N/A | |
| 2/28/2013 | Q4 2012 | $1.09 | $0.96 | $278.84 million | $291.12 million | View | N/A | |
| 11/8/2012 | Q312 | ($0.44) | ($0.48) | $56.41 million | $68.46 million | View | N/A | |
| 8/7/2012 | | $1.49 | $1.24 | | | View | N/A | |
| 5/10/2012 | | ($0.15) | ($0.16) | | | View | N/A | |
| 2/29/2012 | | $1.28 | $1.04 | | | View | N/A | |
| 11/7/2011 | | ($0.35) | ($0.44) | | | View | N/A | |
| 8/3/2011 | | $1.57 | $1.81 | | | View | N/A | |
| 2/28/2011 | | $1.32 | $1.38 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Sotheby's (NYSE:BID)2017 EPS Consensus Estimate: $1.99
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | ($0.39) | ($0.39) | ($0.39) |
| Q2 2017 | 1 | $1.46 | $1.46 | $1.46 |
| Q3 2017 | 1 | ($0.41) | ($0.41) | ($0.41) |
| Q4 2017 | 1 | $1.33 | $1.33 | $1.33 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Sotheby's (NYSE:BID)| Most Recent Dividend: | 12/15/2015 |
| Dividend Yield: | 0.00% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 0.00% (Trailing 12 Months of Earnings)
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Sotheby's (NYSE BID)| 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)
Insider Trading and Institutional Ownership History for Sotheby's (NYSE:BID)Insider Ownership Percentage: 13.81%
Institutional Ownership Percentage: 89.49%
Insider Trades by Quarter for Sotheby's (NYSE:BID)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 3/10/2017 | Adam Chinn | COO | Buy | 2,425 | $46.60 | $113,005.00 | |
| 3/7/2017 | Kevin M Delaney | SVP | Sell | 1,806 | $48.04 | $86,760.24 | |
| 3/6/2017 | Olivier Reza | Director | Buy | 10,000 | $48.04 | $480,400.00 | |
| 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 | |
| 6/2/2016 | Sole Domenico De | Director | Buy | 6,620 | $30.29 | $200,519.80 | |
| 6/1/2016 | Olivier Reza | Director | Buy | 10,000 | $30.00 | $300,000.00 | |
| 5/19/2016 | Dennis M Weibling | Director | Buy | 4,000 | $27.89 | $111,560.00 | |
| 5/17/2016 | Dennis M Weibling | Director | Buy | 2,000 | $28.03 | $56,060.00 | |
| 5/16/2016 | Dennis M Weibling | Director | Buy | 4,000 | $27.95 | $111,800.00 | |
| 5/16/2016 | Michael F Goss | CFO | Buy | 50,000 | $27.72 | $1,386,000.00 | |
| 5/12/2016 | Dennis M Weibling | Director | Buy | 4,000 | $27.52 | $110,080.00 | |
| 2/26/2016 | Olivier Reza | Director | Buy | 5,000 | $23.65 | $118,250.00 | |
| 2/16/2016 | Sole Domenico De | Director | Buy | 9,320 | $21.49 | $200,286.80 | |
| 2/12/2016 | Dennis M. Weibling | CFO | Buy | 4,000 | $19.99 | $79,960.00 | |
| 2/8/2016 | Dennis M Weibling | CFO | Buy | 2,000 | $23.29 | $46,580.00 | |
| 2/5/2016 | Dennis M. Weibling | CFO | Buy | 4,000 | $24.03 | $96,120.00 | |
| 2/3/2016 | Dennis M. Weibling | CFO | Buy | 2,000 | $22.98 | $45,960.00 | |
| 2/3/2016 | Jonathan Olsoff | General Counsel | Buy | 2,155 | $23.13 | $49,845.15 | |
| 2/3/2016 | Olivier Reza | Director | Buy | 5,000 | $22.97 | $114,850.00 | |
| 2/2/2016 | Dennis M. Weibling | CFO | Buy | 2,000 | $23.20 | $46,400.00 | |
| 2/2/2016 | Olivier Reza | Director | Buy | 5,000 | $23.04 | $115,200.00 | |
| 2/1/2016 | Dennis M. Weibling | CFO | Buy | 4,000 | $23.05 | $92,200.00 | |
| 1/28/2016 | Dennis M. Weibling | CFO | Buy | 4,000 | $23.00 | $92,000.00 | |
| 1/26/2016 | Olivier Reza | Director | Buy | 10,000 | $22.65 | $226,500.00 | |
| 8/24/2015 | Dennis M Weibling | Director | Buy | 5,000 | $35.00 | $175,000.00 | |
| 8/21/2015 | Dennis M Weibling | Director | Buy | 5,000 | $36.26 | $181,300.00 | |
| 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 | |
| 3/11/2014 | Bruno Vinciguerra | COO | Sell | 15,701 | $47.48 | $745,483.48 | |
| 3/6/2014 | Mitchell Zuckerman | EVP | Sell | 1,500 | $47.27 | $70,905.00 | |
| 11/14/2013 | Patrick Mcclymont | CFO | Buy | 2,000 | $50.92 | $101,840.00 | |
| 9/16/2013 | John Angelo | Director | Sell | 275,000 | $48.55 | $13,351,250.00 | |
| 8/14/2013 | Susan Alexander | EVP | Sell | 16,127 | $45.63 | $735,875.01 | |
| 8/9/2013 | David Ulmer | SVP | Sell | 7,000 | $43.43 | $304,010.00 | |
| 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)
Headline Trends for Sotheby's (NYSE:BID)
Latest Headlines for Sotheby's (NYSE:BID)
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Sotheby's (BID) Chart for Wednesday, September, 20, 2017
