Sotheby's Company Profile (NYSE:BID)

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

Sotheby's declared that its board has approved a stock buyback plan on Wednesday, August 16th 2017, which allows the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 4.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Sotheby's (NYSE:BID) issued its earnings results on Thursday, August, 3rd. The company reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates of $1.51 by $0.08. The business had revenue of $314.90 million for the quarter, compared to analyst estimates of $313.90 million. Sotheby's had a net margin of 8.49% and a return on equity of 18.72%. The company's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $1.51 EPS. View Sotheby's' Earnings History.

Sotheby's is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Sotheby's.

2 equities research analysts have issued 1-year price objectives for Sotheby's' shares. Their forecasts range from $56.00 to $62.00. On average, they anticipate Sotheby's' share price to reach $59.00 in the next twelve months. View Analyst Ratings for Sotheby's.

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)

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), Avis Budget Group (CAR), Clean Harbors (CLH), On Assignment (ASGN), Green Dot Corporation (GDOT), Convergys Corporation (CVG), WageWorks (WAGE) and Verifone Systems (PAY).

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

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.

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.

Sotheby's' stock was acquired 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.

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.

One share of Sotheby's stock can currently be purchased for approximately $45.59.