Sothebys (BID): Today's Featured Specialty Retail Winner
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.
(
) 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:
(
), up 5.8%,
(
), up 4.3%,
(
), up 3.8% and
(
), 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
. 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.
- You can view the full Sothebys Ratings Report.
On the negative front,
Big 5 Sporting Goods Corporation
(
), down 16.8%,
(
), down 5.9%,
(
), down 3.3% and
(
), down 2.5%.
- Use our specialty retail section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the specialty retail industry could consider
(
) while those bearish on the specialty retail industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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