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 of Directors has initiated a share repurchase plan on Thursday, March 15th 2018, which permits the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Sothebys (NYSE:BID) released its quarterly earnings data on Thursday, May, 3rd. The specialty retailer reported $0.09 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.21) by $0.30. The specialty retailer earned $195.80 million during 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 revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.12) earnings per share. 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 brokerages have issued 1-year price targets for Sothebys' stock. Their forecasts range from $60.00 to $65.00. On average, they anticipate Sothebys' stock price to reach $62.3333 in the next year. View Analyst Ratings for Sothebys.

Some companies that are related to Sothebys include Nielsen (NLSN), CIELO S A/S (CIOXY), GrubHub (GRUB), The Western Union (WU), CDK Global (CDK), WEX (WEX), athenahealth (ATHN), Fair Isaac (FICO), Etsy (ETSY), Stamps.com (STMP), Healthequity (HQY), GreenSky (GSKY), Conduent (CNDT), MAXIMUS (MMS) and TriNet Group (TNET).

Media headlines about BID stock have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sothebys earned a news sentiment score of 0.05 on Accern's scale. They also gave headlines about the specialty retailer an impact score of 47.68 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Sothebys' stock is owned by a number of of institutional and retail investors. Top institutional investors 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 $59.07.

Sothebys has a market capitalization of $3.05 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]