Sothebys (NYSE:BID) has earned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $44.33.

A number of research analysts have commented on BID shares. Zacks Investment Research upgraded shares of Sothebys from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Monday, January 14th. ValuEngine upgraded shares of Sothebys from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. Sidoti upgraded shares of Sothebys from a “neutral” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Tuesday, November 27th. Berenberg Bank initiated coverage on shares of Sothebys in a research note on Wednesday, February 13th. They set a “hold” rating and a $39.00 price target on the stock. Finally, Susquehanna Bancshares reiterated a “hold” rating on shares of Sothebys in a research note on Thursday, February 28th.

NYSE BID traded up $0.55 during trading on Friday, reaching $39.71. The company’s stock had a trading volume of 3,583 shares, compared to its average volume of 508,354. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.05 and a current ratio of 1.08. The firm has a market cap of $1.85 billion, a PE ratio of 15.99 and a beta of 1.31. Sothebys has a twelve month low of $35.62 and a twelve month high of $60.16.

Sothebys (NYSE:BID) last posted its quarterly earnings data on Thursday, February 28th. The specialty retailer reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.26. The company had revenue of $375.15 million for the quarter, compared to analyst estimates of $336.30 million. Sothebys had a net margin of 10.49% and a return on equity of 24.67%. Sothebys’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 earnings per share. Research analysts predict that Sothebys will post 2.54 earnings per share for the current year.

In other news, SVP Kevin M. Delaney sold 2,921 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $40.54, for a total transaction of $118,417.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 15.83% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. BB&T Corp boosted its holdings in Sothebys by 9.2% during the fourth quarter. BB&T Corp now owns 6,205 shares of the specialty retailer’s stock worth $247,000 after buying an additional 525 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Sothebys by 3.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 20,779 shares of the specialty retailer’s stock worth $826,000 after buying an additional 736 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Sothebys by 9.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,000 shares of the specialty retailer’s stock worth $358,000 after buying an additional 800 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in Sothebys by 26.6% during the third quarter. Riverhead Capital Management LLC now owns 6,187 shares of the specialty retailer’s stock worth $304,000 after buying an additional 1,300 shares in the last quarter. Finally, Xact Kapitalforvaltning AB boosted its holdings in Sothebys by 20.5% during the fourth quarter. Xact Kapitalforvaltning AB now owns 7,630 shares of the specialty retailer’s stock worth $303,000 after buying an additional 1,300 shares in the last quarter.

Sothebys Company Profile

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.

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