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 up 1.0%. By the end of trading, Sothebys rose $1.28 (2.8%) to $47.51 on heavy volume. Throughout the day, 3,211,053 shares of Sothebys exchanged hands as compared to its average daily volume of 1,095,600 shares. The stock ranged in a price between $46.26-$48.20 after having opened the day at $46.55 as compared to the previous trading day's close of $46.23. Other companies within the Specialty Retail industry that increased today were: Michael Kors Holdings ( KORS), up 17.3%, Asbury Automotive Group ( ABG), up 8.1%, Charles & Colvard ( CTHR), up 6.7% and DGSE Companies ( DGSE), up 5.8%.

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. The company has a P/E ratio of 31.3, above the S&P 500 P/E ratio of 17.7. Shares are down 13.1% year to date as of the close of trading on Monday. 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, solid stock price performance, increase in net income, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, Sport Chalet ( SPCHB), down 7.0%, United Online ( UNTD), down 6.1%, Hastings Entertainment ( HAST), down 4.2% and Big 5 Sporting Goods Corporation ( BGFV), down 3.5% , were all laggards within the specialty retail industry with Dick's Sporting Goods ( DKS) 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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