About Sothebys (NYSE:BID)
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
Industry Antique Dealers
Sub-IndustrySpecialized Consumer Services
Trailing P/E Ratio22.81
Forward P/E Ratio21.98
Sales & Book Value
Annual Sales$805.38 million
Price / Sales3.15
Cash Flow$2.32 per share
Price / Cash20.82
Book Value$9.54 per share
Price / Book5.07
Net Income$74.11 million
Return on Equity22.48%
Return on Assets4.67%
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 has approved a share repurchase program on Wednesday, August 16th 2017, which permits the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 4.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.
How were Sothebys' earnings last quarter?
Sothebys (NYSE:BID) announced its earnings results on Friday, November, 3rd. The specialty retailer reported ($0.45) EPS for the quarter, beating the Zacks' consensus estimate of ($0.68) by $0.23. The specialty retailer earned $171.39 million during the quarter, compared to analyst estimates of $101.14 million. Sothebys had a net margin of 10.95% and a return on equity of 22.48%. Sothebys's revenue was up 87.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.78) EPS. View Sothebys' Earnings History.
When will Sothebys make its next earnings announcement?
Where is Sothebys' stock going? Where will Sothebys' stock price be in 2018?
4 brokers have issued 1 year price objectives for Sothebys' stock. Their predictions range from $56.00 to $62.00. On average, they expect Sothebys' share price to reach $59.33 in the next year. 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. 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. " (2/5/2018)
- 2. Cowen Inc 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 Sothebys' key competitors?
Some companies that are related to Sothebys include HAVAS (HAVSF), Dun & Bradstreet (DNB), MAXIMUS (MMS), Morningstar (MORN), Hays (HAYPY), On Assignment (ASGN), Switch (SWCH), Brink's (BCO), Corelogic (CLGX), Healthcare Services Group (HCSG), Deluxe (DLX), Ritchie Bros. Auctioneers (RBA), Conduent (CNDT), Avis Budget Group (CAR), Stantec (STN), Cotiviti (COTV), Loomis (LOIMF) and Green Dot (GDOT).
Who are Sothebys' key executives?
Sothebys' management team includes the folowing people:
- Domenico De Sole, Chairman of the Board (Age 74)
- Thomas S. Smith Jr., President, Chief Executive Officer, Director (Age 51)
- Peregrine Andrew Morny Cavendish CBE, Deputy Chairman of the Board (Age 72)
- Michael F. Goss, Chief Financial Officer, Executive Vice President (Age 57)
- Adam David Chinn, Chief Operating Officer, Executive Vice President (Age 55)
- Jonathan A. Olsoff, Executive Vice President, Worldwide General Counsel (Age 57)
- David Goodman, Executive Vice President of Digital Development and Marketing (Age 56)
- Jane A. Levine, Executive Vice President, Chief Global Compliance Counsel and Head of Government and Regulatory Affairs (Age 57)
- Matthew B. McCormick, Executive Vice President (Age 50)
- Kevin M. Delaney CPA, Senior Vice President, Controller and Chief Accounting Officer (Age 44)
Who owns Sothebys stock?
Sothebys' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.47%), Alliancebernstein L.P. (7.11%), Clal Insurance Enterprises Holdings Ltd (3.05%), Victory Capital Management Inc. (2.76%), Conestoga Capital Advisors LLC (2.43%) and Vulcan Value Partners LLC (2.42%). Company insiders that own Sothebys stock include Adam Chinn, Dennis M Weibling, Kevin M Delaney, Michael F Goss, Olivier Reza and Sole Domenico De. View Institutional Ownership Trends for Sothebys.
Who sold Sothebys stock? Who is selling Sothebys stock?
Sothebys' stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Pinnacle Associates Ltd., Two Sigma Advisers LP, Vulcan Value Partners LLC, Paloma Partners Management Co, First Trust Advisors LP, Hosking Partners LLP and Metropolitan Life Insurance Co. NY. View Insider Buying and Selling for Sothebys.
Who bought Sothebys stock? Who is buying Sothebys stock?
Sothebys' stock was bought by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Conestoga Capital Advisors LLC, Alliancebernstein L.P., Victory Capital Management Inc., Lombard Odier Asset Management Switzerland SA, Clal Insurance Enterprises Holdings Ltd, RWC Asset Management LLP and 13D Management LLC. Company insiders that have bought Sothebys stock in the last two years include Adam Chinn, Dennis M Weibling, Michael F Goss, Olivier Reza and Sole Domenico De. View Insider Buying and Selling for Sothebys.
How do I buy Sothebys stock?
Shares of Sothebys 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 Sothebys stock can currently be purchased for approximately $48.36.
How big of a company is Sothebys?
Sothebys has a market capitalization of $2.54 billion and generates $805.38 million in revenue each year. The specialty retailer earns $74.11 million in net income (profit) each year or $1.97 on an earnings per share basis. Sothebys employs 1,617 workers across the globe.
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 (BID)MarketBeat's community ratings are surveys of what our community members think about Sothebys 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.
Sothebys (NYSE:BID) Earnings History and Estimates Chart
Sothebys (NYSE BID) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/3/2017||Q3 2017||($0.68)||($0.45)||$101.14 million||$171.39 million||View||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|
Sothebys (NYSE:BID) Earnings Estimates
Current Year EPS Consensus Estimate: $2.2 EPS
Next Year EPS Consensus Estimate: $2.45 EPS
Sothebys (NYSE:BID) Dividend Information
|Most Recent Dividend:||12/15/2015|
|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)
Sothebys (NYSE:BID) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Sothebys (NYSE BID) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 13.81%
Institutional Ownership Percentage: 94.01%
Sothebys (NYSE BID) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/10/2017||Adam Chinn||COO||Buy||2,425||$46.60||$113,005.00||67,425|| |
|3/7/2017||Kevin M Delaney||SVP||Sell||1,806||$48.04||$86,760.24||1,212|| |
|3/6/2017||Olivier Reza||Director||Buy||10,000||$48.04||$480,400.00||10,000|| |
|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||646|| |
|6/2/2016||Sole Domenico De||Director||Buy||6,620||$30.29||$200,519.80||33,105|| |
|6/1/2016||Olivier Reza||Director||Buy||10,000||$30.00||$300,000.00||10,000|| |
|5/19/2016||Dennis M Weibling||Director||Buy||4,000||$27.89||$111,560.00||79,000|| |
|5/17/2016||Dennis M Weibling||Director||Buy||2,000||$28.03||$56,060.00||77,000|| |
|5/16/2016||Dennis M Weibling||Director||Buy||4,000||$27.95||$111,800.00||73,000|| |
|5/16/2016||Michael F Goss||CFO||Buy||50,000||$27.72||$1,386,000.00||10,000|| |
|5/12/2016||Dennis M Weibling||Director||Buy||4,000||$27.52||$110,080.00||69,000|| |
|2/26/2016||Olivier Reza||Director||Buy||5,000||$23.65||$118,250.00||10,000|| |
|2/16/2016||Sole Domenico De||Director||Buy||9,320||$21.49||$200,286.80||26,485|| |
|2/12/2016||Dennis M. Weibling||CFO||Buy||4,000||$19.99||$79,960.00||67,000|| |
|2/8/2016||Dennis M Weibling||CFO||Buy||2,000||$23.29||$46,580.00||63,000|| |
|2/5/2016||Dennis M. Weibling||CFO||Buy||4,000||$24.03||$96,120.00||61,000|| |
|2/3/2016||Dennis M. Weibling||CFO||Buy||2,000||$22.98||$45,960.00||57,000|| |
|2/3/2016||Jonathan Olsoff||General Counsel||Buy||2,155||$23.13||$49,845.15||7,753|| |
|2/3/2016||Olivier Reza||Director||Buy||5,000||$22.97||$114,850.00||10,000|| |
|2/2/2016||Dennis M. Weibling||CFO||Buy||2,000||$23.20||$46,400.00||57,000|| |
|2/2/2016||Olivier Reza||Director||Buy||5,000||$23.04||$115,200.00||10,000|| |
|2/1/2016||Dennis M. Weibling||CFO||Buy||4,000||$23.05||$92,200.00||53,000|| |
|1/28/2016||Dennis M. Weibling||CFO||Buy||4,000||$23.00||$92,000.00||49,000|| |
|1/26/2016||Olivier Reza||Director||Buy||10,000||$22.65||$226,500.00||10,000|| |
|8/24/2015||Dennis M Weibling||Director||Buy||5,000||$35.00||$175,000.00||55,000|| |
|8/21/2015||Dennis M Weibling||Director||Buy||5,000||$36.26||$181,300.00||50,000|| |
|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||4,000|| |
|3/11/2014||Bruno Vinciguerra||COO||Sell||15,701||$47.48||$745,483.48||34,450|| |
|3/6/2014||Mitchell Zuckerman||EVP||Sell||1,500||$47.27||$70,905.00||12,692|| |
|11/14/2013||Patrick Mcclymont||CFO||Buy||2,000||$50.92||$101,840.00||2,000|| |
|9/16/2013||John Angelo||Director||Sell||275,000||$48.55||$13,351,250.00||117,200|| |
|8/14/2013||Susan Alexander||EVP||Sell||16,127||$45.63||$735,875.01||14,174|| |
|8/9/2013||David Ulmer||SVP||Sell||7,000||$43.43||$304,010.00||17,057|| |
|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|| |
Sothebys (NYSE BID) News Headlines
Sothebys (NYSE:BID) SEC Filings
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Sothebys (NYSE:BID) Income Statement, Balance Sheet and Cash Flow Statement
Sothebys (NYSE BID) Stock Chart for Monday, February, 19, 2018