Shares of Sothebys (NYSE:BID) have earned a consensus rating of “Buy” from the seven brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $59.00.

A number of research firms recently commented on BID. Aegis began coverage on shares of Sothebys in a research note 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 “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Monday. Consumer Edge upgraded shares of Sothebys from a “neutral” rating to an “overweight” rating in a research note on Wednesday, October 4th. Finally, TheStreet cut shares of Sothebys from a “b” rating to a “c+” rating in a research note on Monday, November 6th.

Shares of Sothebys (NYSE:BID) traded up $0.76 during trading on Friday, hitting $52.01. 419,800 shares of the stock were exchanged, compared to its average volume of 288,413. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.62 and a current ratio of 1.73. Sothebys has a 52-week low of $38.63 and a 52-week high of $57.95. The stock has a market cap of $2,690.00, a P/E ratio of 26.27 and a beta of 1.87.

Sothebys (NYSE:BID) last issued its quarterly earnings data on Friday, November 3rd. The specialty retailer reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.23. Sothebys had a net margin of 10.95% and a return on equity of 22.48%. The firm had revenue of $171.39 million for the quarter, compared to the consensus estimate of $101.14 million. During the same quarter in the previous year, the firm earned ($0.78) EPS. The company’s quarterly revenue was up 87.3% compared to the same quarter last year. equities research analysts expect that Sothebys will post 2.17 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Sothebys by 9.9% during the 2nd quarter. Vanguard Group Inc. now owns 3,974,106 shares of the specialty retailer’s stock valued at $213,290,000 after purchasing an additional 356,603 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Sothebys by 77.0% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,500,000 shares of the specialty retailer’s stock valued at $69,165,000 after purchasing an additional 652,600 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Sothebys by 42.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,270,757 shares of the specialty retailer’s stock valued at $58,595,000 after purchasing an additional 377,050 shares in the last quarter. Paradice Investment Management LLC increased its holdings in shares of Sothebys by 5.1% during the 3rd quarter. Paradice Investment Management LLC now owns 1,094,660 shares of the specialty retailer’s stock valued at $50,475,000 after purchasing an additional 52,653 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its holdings in shares of Sothebys by 12.0% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 807,243 shares of the specialty retailer’s stock valued at $37,222,000 after purchasing an additional 86,575 shares in the last quarter. Institutional investors and hedge funds own 92.00% of the company’s stock.

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About Sothebys

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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