Today's Specialty Retail Gainers Led By Sothebys (BID)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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 59 cents (1.6%) to $37.05 on average volume. Throughout the day, 920,456 shares of Sothebys exchanged hands as compared to its average daily volume of 881,300 shares. The stock ranged in a price between $36.39-$37.11 after having opened the day at $36.44 as compared to the previous trading day's close of $36.46. Other companies within the Specialty Retail industry that increased today were: Zumiez ( ZUMZ), up 13.4%, Brown Shoe Company ( BWS), up 5.2%, CarMax ( KMX), up 4.4%, and Perfumania Holdings ( PERF), up 4.3%.
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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 $2.42 billion and is part of the services sector. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are up 8.4% year to date as of the close of trading on Wednesday. Currently there are three analysts that rate Sothebys a buy, one analyst rates 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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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