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 shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Sothebys (NYSE:BID) posted its quarterly earnings results on Thursday, May, 3rd. The specialty retailer reported $0.09 EPS for the quarter, topping the Zacks' consensus estimate of ($0.21) by $0.30. The specialty retailer had revenue of $195.80 million for the quarter, compared to analysts' expectations of $141 million. Sothebys had a return on equity of 24.21% and a net margin of 12.39%. The business's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($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 analysts have issued 12-month target prices for Sothebys' stock. Their forecasts range from $60.00 to $65.00. On average, they anticipate Sothebys' share price to reach $62.3333 in the next twelve months. View Analyst Ratings for Sothebys.

Some companies that are related to Sothebys include Zillow Group Inc Class C (Z), Zillow Group Inc Class A (ZG), CIELO S A/S (CIOXY), 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), GreenSky (GSKY) and Conduent (CNDT).

Media headlines about BID stock have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sothebys earned a news sentiment score of 0.04 on Accern's scale. They also assigned headlines about the specialty retailer an impact score of 45.51 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

Sothebys' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.98%), Clal Insurance Enterprises Holdings Ltd (3.72%), Victory Capital Management Inc. (2.88%), Van Berkom & Associates Inc. (2.60%), Paradice Investment Management LLC (2.08%) and OppenheimerFunds Inc. (1.72%). 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 SG Americas Securities LLC, Cortina Asset Management LLC, Westfield Capital Management Co. LP, Pinnacle Associates Ltd., California Public Employees Retirement System, ClariVest Asset Management LLC, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp and A.R.T. Advisors 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 purchased by a variety of institutional investors in the last quarter, including Clal Insurance Enterprises Holdings Ltd, Amundi Pioneer Asset Management Inc., BlackRock Inc., Matarin Capital Management LLC, State of Wisconsin Investment Board, Sandler Capital Management, RWC Asset Management LLP and Millennium Management LLC. 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 $57.02.

Sothebys has a market capitalization of $3.06 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]