Sothebys (BID): Today's Featured Specialty Retail Winner

Sothebys was a winner within the specialty retail industry, rising $1.29 (3.0%) to $45.00 on heavy volume
By TheStreet Wire ,

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Sothebys

(

BID

) pushed the Specialty Retail industry higher today making it today's featured specialty retail winner. The industry as a whole closed the day up 0.1%. By the end of trading, Sothebys rose $1.29 (3.0%) to $45.00 on heavy volume. Throughout the day, 2,080,384 shares of Sothebys exchanged hands as compared to its average daily volume of 1,174,700 shares. The stock ranged in a price between $43.83-$45.13 after having opened the day at $43.83 as compared to the previous trading day's close of $43.71. Other companies within the Specialty Retail industry that increased today were:

Hastings Entertainment

(

HAST

), up 5.8%,

Zale Corporation

(

ZLC

), up 4.3%,

China Auto Logistics

(

CALI

), up 3.8% and

AutoNation

(

AN

), up 3.3%.

Sotheby's operates as an auctioneer of authenticated fine art, decorative art, and jewelry. The company operates in three segments: Auction, Finance, and Dealer. Sothebys has a market cap of $2.9 billion and is part of the services sector. Shares are up 30.0% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Sothebys a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates

Sothebys

as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front,

Big 5 Sporting Goods Corporation

(

BGFV

), down 16.8%,

Five Below

(

FIVE

), down 5.9%,

West Marine

(

WMAR

), down 3.3% and

CSS Industries

(

CSS

), down 2.5%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the specialty retail industry could consider

SPDR S&P Retail ETF

(

XRT

) while those bearish on the specialty retail industry could consider

ProShares Ultra Sht Consumer Goods

(

SZK

).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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