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

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 lower today making it today's featured Specialty Retail laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Sothebys fell $1.58 (-3.2%) to $46.99 on heavy volume. Throughout the day, 2,142,808 shares of Sothebys exchanged hands as compared to its average daily volume of 1,311,200 shares. The stock ranged in price between $46.90-$49.17 after having opened the day at $49.07 as compared to the previous trading day's close of $48.57. Other companies within the Specialty Retail industry that declined today were: Sport Chalet ( SPCHB), down 13.4%, Hastings Entertainment ( HAST), down 5.4%, Dover Saddlery ( DOVR), down 4.1% and China Auto Logistics ( CALI), down 3.5%.

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 $3.3 billion and is part of the services sector. Shares are up 45.2% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Sothebys a buy, 1 analyst rates it a sell, and 1 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, good cash flow from operations, increase in net income, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Birks & Mayors ( BMJ), up 2.6%, Staples ( SPLS), up 2.3%, CSS Industries ( CSS), up 2.3% and Mecox Lane ( MCOX), up 1.7% , were all gainers within the specialty retail industry with Sally Beauty Holdings ( SBH) being today's featured specialty retail industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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