NYSE:BID - Sothebys Stock Price, Price Target & More

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

Sothebys announced 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 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Sothebys (NYSE:BID) issued its quarterly earnings results on Thursday, May, 3rd. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.30. The specialty retailer earned $195.80 million during the quarter, compared to the consensus estimate of $141 million. Sothebys had a return on equity of 24.21% and a net margin of 12.39%. Sothebys's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the firm posted ($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' shares. Their forecasts range from $60.00 to $65.00. On average, they expect Sothebys' stock price to reach $62.3333 in the next twelve months. This suggests a possible upside of 13.1% from the stock's current price. View Analyst Ratings for Sothebys.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sothebys in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Sothebys include 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), MAXIMUS (MMS), Cotiviti (COTV), Conduent (CNDT), TriNet Group (TNET) and Ritchie Bros. Auctioneers (RBA).

Media stories about BID stock have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sothebys earned a media sentiment score of 0.16 on Accern's scale. They also gave media headlines about the specialty retailer an impact score of 46.41 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Sothebys' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Retirement Systems of Alabama (0.24%), James Investment Research Inc. (0.07%), Bank of Montreal Can (0.06%), Nisa Investment Advisors LLC (0.04%), Tokio Marine Asset Management Co. Ltd. (0.02%) and Municipal Employees Retirement System of Michigan (0.02%). 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 Tokio Marine Asset Management Co. Ltd., Municipal Employees Retirement System of Michigan and Radnor Capital Management 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 acquired by a variety of institutional investors in the last quarter, including James Investment Research Inc., Bank of Montreal Can, Nisa Investment Advisors LLC and Retirement Systems of Alabama. 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 $55.09.

Sothebys has a market capitalization of $2.88 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]