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

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 0.9%. By the end of trading, Sothebys rose 39 cents (1%) to $39.20 on light volume. Throughout the day, 884,336 shares of Sothebys exchanged hands as compared to its average daily volume of 1.2 million shares. The stock ranged in a price between $38.60-$39.71 after having opened the day at $38.99 as compared to the previous trading day's close of $38.81. Other companies within the Specialty Retail industry that increased today were: TravelCenters of America ( TA), up 9.1%, America's Car-Mart ( CRMT), up 5.6%, Mecox Lane ( MCOX), up 5.5%, and Books-A-Million ( BAMM), up 5.4%.

Sotheby's, together with its subsidiaries, operates as an auctioneer of authenticated fine and decorative art, jewelry, and collectibles in the United States, the United Kingdom, China, France, and internationally. The company operates in three segments: Auction, Finance, and Dealer. Sothebys has a market cap of $2.55 billion and is part of the services sector. The company has a P/E ratio of 15.3, equal to the average specialty retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 36% year to date as of the close of trading on Thursday. Currently there are four analysts that rate Sothebys a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Sothebys as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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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