Sothebys (BID) Given the average recommendation of "buying" by brokers

Shares of Sothebys (NYSE: BID) have received a consensus from "Buy" among the seven rating companies that currently cover the company, reports One equity research analyst assessed the shares with a sell rating, one awarded a hold rating and four awarded a buy rating to the company. The average price target for twelve months among brokers who updated their coverage of the shares in the past year is $ 62.50.

A number of equity research analysts have made comments about BID shares. Zacks Investment Research lowered Sothebys from a & # 39; buy & # 39; credit to a & # 39; hold & # 39; rating in a report on Wednesday, May 16. ValuEngine has Sothebys cut a "buy" assessment into a "hold" rating in a report on Friday 1 June. Finally, Sidoti Sothebys lowered a "buy" rating to a "neutral" rating in a report on Tuesday, June 12.

A number of major investors have recently changed their position in the BID. Envestnet Asset Management Inc. increased its participations in Sothebys shares by 21.4% during the first quarter. Envestnet Asset Management Inc. now owns 5,194 shares in the retailer's range of $ 267,000 after the purchase of additional 914 shares during the last quarter. UBS Group AG increased its shareholdings of Sothebys by 50.1% during the first quarter. UBS Group AG now owns 2,878 shares of the retailer's range of $ 147,000 after purchasing an additional 961 shares during the last quarter. Smith Asset Management Group LP strengthened its shareholdings in Sothebys shares by 10.0% during the first quarter. Smith Asset Management Group LP now owns 11,001 shares in the specialty store stock with a value of $ 564,000 after the purchase of additional 998 shares during the last quarter. Profund Advisors LLC increased its shareholdings in Sothebys shares by 17.3% in the first quarter. Profund Advisors LLC now owns 7,010 shares in the specialist store stock for $ 360,000 after the purchase of 1,035 additional shares during the last quarter. Finally, Capital Fund Management S.A. In the second quarter, Sothebys shares were increased by 4.3%. Capital Fund Management S.A. now owns 46,457 shares in the specialist retailer's range for $ 2,526,000 after the purchase of 1,937 additional in the last quarter. Hedge funds and other institutional investors hold 87.88% of the company's shares.

NYSE: BID fell $ 0.07 during trading hours on Friday and reached $ .222. 595,672 shares of the company were owned, compared with the average volume of 400,564. The stock has a market capitalization of $ 2.50 billion, a PE ratio of 21.34 and a beta of 1.67. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.21 and a current ratio of 1.23. Sothebys has a 1-year low of $ 42.78 and a 1-year high of $ 60.16.

Sothebys (NYSE: BID) last announced its earnings results on Monday, August 6th. The retailer reported earnings of $ 1.09 per share this quarter, with analysts' consensus estimates of $ 1.55 with ($ 0.46) being missed. The company had sales of $ 345.60 million for the quarter compared with analyst estimates of $ 330.28 million. Sothebys had a net margin of 10.11% and a return on equity of 20.32%. The quarterly turnover of Sothebys increased by 1.7% compared to the same quarter last year. In the same quarter of last year, the company recorded $ 1.43 EPS. stock research analysts predict that Sothebys will publish 2.24 earnings per share for the current fiscal year.

About Sotheby & # 39; s

Sotheby is active as an auctioneer of verified artwork, decorative art, jewelry, wine and collectibles in the United States, the United Kingdom, Hong Kong, China, Switzerland, France and internationally. The company is active in two segments: Agency and Finance. The Agency segment accepts goods on consignment; and connects sellers to buyers through the auction or private sales process.

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