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

Sothebys ( BID) pushed the Specialty Retail industry lower today making it today's featured Specialty Retail loser. The industry as a whole closed the day up 0.3%. By the end of trading, Sothebys fell 82 cents (-2.7%) to $29.71 on light volume. Throughout the day, 997,472 shares of Sothebys exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in price between $29.64-$30.96 after having opened the day at $30.79 as compared to the previous trading day's close of $30.53. Other company's within the Specialty Retail industry that declined today were: Perfumania Holdings Inc ( PERF), down 15.7%, Dreams Incorporated ( DRJ), down 6.5%, Titan Machinery Inc ( TITN), down 3.7%, and DGSE Companies Inc ( DGSE), down 3.7%.

Sotheby's, together with its subsidiaries, operates as an auctioneer of fine and decorative art, jewelry, and collectibles in North America, Europe, and Asia. The company operates in three segments: Auction, Finance, and Dealer. Sothebys has a market cap of $2.14 billion and is part of the services sector. The company has a P/E ratio of 11.1, below the average specialty retail industry P/E ratio of 11.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 32.1% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Sothebys as a buy. The company's strongest point has been its expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, America's Car-Mart Inc ( CRMT), up 10.5%, iParty Corporation ( IPT), up 7.1%, CSS Industries Inc ( CSS), up 5.9%, and Sport Chalet Inc ( SPCHA), up 5.7%, were all gainers within the specialty retail industry with Netflix Inc ( NFLX) being today's featured specialty retail industry winner.

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).

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