About Sotheby's (NYSE:BID)
Sotheby's operates as an auctioneer of authenticated fine art, decorative art, jewelry, wine, and collectibles in the United States, the United Kingdom, Hong Kong, China, Switzerland, France, and internationally. The company operates in two segments, Agency and Finance. The Agency segment accepts property on consignment; and matches sellers to buyers through the auction or private sale process. It is also involved in the sale of artworks; and operation of an auction house for investment-quality automobiles. The Finance segment offers art-related financing services, such as term loans secured by artworks that are not intended for sale. The company is also involved in the retail wine operations; licensing Sotheby's International Realty and related trademarks; and licensing its Sotheby's brand name for use in connection with the art auction business in Australia, and art education services in the United States and the United Kingdom. Sotheby's was founded in 1744 and is headquartered in New York, New York.
Industry, Sector and Symbol
Industry Business services, not elsewhere classified
Sub-IndustrySpecialized Consumer Services
SectorBusiness Services
SymbolNYSE:BID
CUSIP83589810
Phone212-606-7000
Debt
Debt-to-Equity Ratio1.38%
Current Ratio1.25%
Quick Ratio1.21%
Price-To-Earnings
Trailing P/E Ratio23.99
Forward P/E Ratio21.25
P/E GrowthN/A
Sales & Book Value
Annual Sales$989.39 million
Price / Sales2.85
Cash Flow$2.7846 per share
Price / Cash19.31
Book Value$11.76 per share
Price / Book4.57
Profitability
EPS (Most Recent Fiscal Year)$2.25
Net Income$118.79 million
Net Margins12.01%
Return on Equity22.31%
Return on Assets4.62%
Miscellaneous
Employees1,662
Outstanding Shares52,460,000
Sotheby's (NYSE:BID) Frequently Asked Questions
What is Sotheby's' stock symbol?
Sotheby's trades on the New York Stock Exchange (NYSE) under the ticker symbol "BID."
How will Sotheby's' stock buyback program work?
Sotheby's announced that its Board of Directors has approved a share 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 purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.
How were Sotheby's' earnings last quarter?
Sotheby's (NYSE:BID) issued its quarterly earnings data on Thursday, March, 1st. The specialty retailer reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.07. The specialty retailer had revenue of $315.56 million for the quarter, compared to analyst estimates of $306.70 million. Sotheby's had a net margin of 12.01% and a return on equity of 22.31%. The business's revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $1.35 EPS. View Sotheby's' Earnings History.
When is Sotheby's' next earnings date?
What price target have analysts set for BID?
4 brokers have issued 12-month price targets for Sotheby's' stock. Their forecasts range from $60.00 to $65.00. On average, they expect Sotheby's' share price to reach $62.3333 in the next twelve months. View Analyst Ratings for Sotheby's.
Who are some of Sotheby's' key competitors?
Some companies that are related to Sotheby's include FICO (FICO), Maximus (MMS), Conduent (CNDT), Healthequity (HQY), Stamps.com (STMP), Etsy (ETSY), Ritchie Bros. Auctioneers (RBA), TriNet (TNET), Cotiviti (COTV), Envestnet (ENV), WNS Global Services (WNS), EXL (EXLS), Wageworks (WAGE), HMS (HMSY), Emerald Expositions (EEX), Lending Club (LC), McGrath RentCorp (MGRC) and Capita (CTAGY).
Who are Sotheby's' key executives?
Sotheby's' management team includes the folowing people:
- Mr. Thomas S. Smith Jr., Pres, CEO & Director (Age 53)
- Mr. Michael Fenton Goss, Exec. VP & CFO (Age 58)
- Mr. Jonathan A. Olsoff, Exec. VP & Worldwide Gen. Counsel (Age 58)
- Mr. David Goodman, Exec. VP of Digital Devel. & Marketing (Age 57)
- Ms. Lisa Nadler, Exec. Officer (Age 55)
Has Sotheby's been receiving favorable news coverage?
News headlines about BID stock have trended somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sotheby's earned a media sentiment score of 0.14 on Accern's scale. They also gave headlines about the specialty retailer an impact score of 44.39 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
How do I buy shares of Sotheby's?
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.
What is Sotheby's' stock price today?
One share of BID stock can currently be purchased for approximately $53.86.
How big of a company is Sotheby's?
Sotheby's has a market capitalization of $2.85 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. Sotheby's employs 1,662 workers across the globe.
How can I contact Sotheby's?
Sotheby's' 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 Sotheby's (BID)
MarketBeat's community ratings are surveys of what our community members think about Sotheby's and other stocks. Vote "Outperform" if you believe BID will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BID will underperform the S&P 500 over the long term. You may vote once every thirty days.
Sotheby's (NYSE:BID) Dividend Information
Sotheby's pays an annual dividend of $0.00 per share, with a dividend yield of 0.00%. BID's most recent quarterly dividend payment was Tuesday, December 15. Sotheby's pays out 0.00% of its earnings out as a dividend.
| Most Recent Dividend: | 12/15/2015 |
| Dividend Yield: | 0.00% |
| 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)
|
Sotheby's (NYSE:BID) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 11/6/2015 | quarterly | $0.10 | | 11/27/2015 | 12/1/2015 | 12/15/2015 |
| 8/6/2015 | quarterly | $0.10 | | 8/28/2015 | 9/1/2015 | 9/15/2015 |
| 5/7/2015 | quarterly | $0.10 | 0.92% | 5/28/2015 | 6/1/2015 | 6/15/2015 |
| 2/26/2015 | quarterly | $0.10 | 0.92% | 3/5/2015 | 3/9/2015 | 3/16/2015 |
| 11/6/2014 | quarterly | $0.10 | 1.01% | 11/26/2014 | 12/1/2014 | 12/15/2014 |
| 8/7/2014 | quarterly | $0.10 | 1.07% | 8/28/2014 | 9/2/2014 | 9/15/2014 |
| 5/6/2014 | quarterly | $0.10 | 0.96% | 5/29/2014 | 6/2/2014 | 6/16/2014 |
| 1/29/2014 | special | $4.34 | 0.84% | 2/10/2014 | 2/12/2014 | 3/17/2014 |
| 11/11/2013 | quarterly | $0.10 | 0.77% | 11/27/2013 | 12/2/2013 | 12/16/2013 |
| 8/6/2013 | quarterly | $0.10 | | | 9/3/2013 | 9/16/2013 |
| 12/6/2012 | quarterly | $0.10 | | | 12/26/2012 | 12/31/2012 |
| 12/9/2012 | special | $0.20 | | 12/21/2012 | 12/26/2012 | 12/31/2012 |
(Data available from 1/1/2013 forward)
Sotheby's (NYSE BID) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 13.81%
Institutional Ownership Percentage: 90.10%
Sotheby's (NYSE BID) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/7/2018 | Kevin M Delaney | SVP | Sell | 1,821 | $51.71 | $94,163.91 | 798 |  |
| 3/7/2018 | Olivier Reza | Director | Sell | 65,000 | $51.64 | $3,356,600.00 | | |
| 3/5/2018 | Olivier Reza | Director | Sell | 10,000 | $51.14 | $511,400.00 | | |
| 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 | | |
(Data available from 1/1/2013 forward)
Sotheby's (NYSE BID) News Headlines
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Sotheby's (NYSE:BID) SEC Filings
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Sotheby's (NYSE:BID) Income Statement, Balance Sheet and Cash Flow Statement
Sotheby's (NYSE BID) Stock Chart for Thursday, April, 19, 2018
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