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.

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 down 0.6%. By the end of trading, Sothebys rose $0.60 (1.4%) to $42.04 on average volume. Throughout the day, 1,284,439 shares of Sothebys exchanged hands as compared to its average daily volume of 1,182,100 shares. The stock ranged in a price between $41.25-$42.11 after having opened the day at $41.45 as compared to the previous trading day's close of $41.44. Other companies within the Specialty Retail industry that increased today were: HSN ( HSNI), up 4.8%, Lithia Motors ( LAD), up 4.2% and Asbury Automotive Group ( ABG), up 3.9%.

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 $2.8 billion and is part of the services sector. Shares are up 23.3% year to date as of the close of trading on Monday. 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, Sport Chalet ( SPCHA), down 5.8%, MarineMax ( HZO), down 5.6%, 1-800 ( FLWS), down 5.0% and TravelCenters of America ( TA), down 4.6% , were all laggards within the specialty retail industry with Sally Beauty Holdings ( SBH) being today's specialty retail industry laggard.

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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