Sothebys (BID) Given Average Rating of “Hold” by Analysts

Sothebys (NYSE:BID) has received a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $59.33.

Several research analysts recently issued reports on the stock. Aegis assumed coverage on shares of Sothebys in a research report on Monday, October 30th. They issued a “buy” rating and a $60.00 target price for the company. Zacks Investment Research upgraded shares of Sothebys from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Consumer Edge upgraded shares of Sothebys from a “neutral” rating to an “overweight” rating in a research report on Wednesday, October 4th. Finally, TheStreet lowered shares of Sothebys from a “b” rating to a “c+” rating in a research report on Monday, November 6th.

Shares of Sothebys (NYSE:BID) traded up $0.74 during trading hours on Monday, reaching $51.11. 528,000 shares of the company traded hands, compared to its average volume of 504,376. Sothebys has a one year low of $38.46 and a one year high of $57.95. The stock has a market capitalization of $2,682.85, a price-to-earnings ratio of 24.10 and a beta of 1.86. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.73 and a quick ratio of 1.62.

Sothebys (NYSE:BID) last announced its earnings results on Friday, November 3rd. The specialty retailer reported ($0.45) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.23. Sothebys had a net margin of 10.95% and a return on equity of 22.48%. The company had revenue of $171.39 million during the quarter, compared to analyst estimates of $101.14 million. During the same period in the previous year, the business earned ($0.78) earnings per share. The firm’s quarterly revenue was up 87.3% compared to the same quarter last year. equities analysts predict that Sothebys will post 2.14 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Arizona State Retirement System lifted its stake in Sothebys by 0.5% in the second quarter. Arizona State Retirement System now owns 19,300 shares of the specialty retailer’s stock worth $1,036,000 after purchasing an additional 100 shares during the last quarter. US Bancorp DE lifted its stake in Sothebys by 5.2% in the second quarter. US Bancorp DE now owns 2,615 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 129 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in Sothebys by 1.4% in the second quarter. Mutual of America Capital Management LLC now owns 36,723 shares of the specialty retailer’s stock worth $1,971,000 after purchasing an additional 508 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in Sothebys by 6.3% in the second quarter. Thrivent Financial For Lutherans now owns 9,260 shares of the specialty retailer’s stock worth $497,000 after purchasing an additional 550 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in Sothebys by 3.2% in the second quarter. UBS Asset Management Americas Inc. now owns 26,077 shares of the specialty retailer’s stock worth $1,400,000 after purchasing an additional 818 shares during the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

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Sothebys Company Profile

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.

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