New York Times (NYSE:NYT) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of New York Times (NYSE:NYT) from a buy rating to a hold rating in a research report report published on Saturday.

Other equities analysts have also recently issued research reports about the stock. Evercore reiterated an “outperform” rating and issued a $92.00 price objective on shares of New York Times in a research note on Thursday, May 7th. UBS Group set a $80.00 target price on shares of New York Times in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $95.00 price target on shares of New York Times in a research note on Thursday, May 7th. Citigroup reaffirmed a “neutral” rating on shares of New York Times in a report on Wednesday, June 24th. Finally, Guggenheim lifted their target price on New York Times from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, New York Times presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.89.

New York Times Price Performance

NYSE NYT opened at $63.53 on Friday. The stock has a market capitalization of $10.28 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 1.32 and a beta of 0.95. New York Times has a 1-year low of $54.10 and a 1-year high of $87.10. The business’s fifty day moving average price is $73.26 and its 200-day moving average price is $76.13.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. New York Times had a return on equity of 22.64% and a net margin of 13.19%.The company had revenue of $762.46 million during the quarter, compared to analysts’ expectations of $752.01 million. During the same quarter in the prior year, the business earned $0.58 earnings per share. New York Times’s revenue for the quarter was up 11.2% compared to the same quarter last year. Equities research analysts anticipate that New York Times will post 2.92 EPS for the current year.

New York Times Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Wednesday, July 8th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.4%. New York Times’s dividend payout ratio is 38.33%.

Insider Activity

In related news, EVP Jacqueline M. Welch sold 4,000 shares of New York Times stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $74.14, for a total transaction of $296,560.00. Following the transaction, the executive vice president owned 23,873 shares in the company, valued at approximately $1,769,944.22. The trade was a 14.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David S. Perpich sold 9,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $77.06, for a total transaction of $693,540.00. Following the completion of the transaction, the director directly owned 28,469 shares of the company’s stock, valued at $2,193,821.14. This represents a 24.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,121 shares of company stock worth $1,310,920 in the last three months. Company insiders own 1.90% of the company’s stock.

Institutional Trading of New York Times

Several institutional investors have recently made changes to their positions in the business. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in New York Times by 4.2% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,366 shares of the company’s stock worth $282,000 after purchasing an additional 135 shares in the last quarter. Andina Capital Management LLC lifted its holdings in shares of New York Times by 1.7% in the fourth quarter. Andina Capital Management LLC now owns 8,814 shares of the company’s stock worth $612,000 after buying an additional 147 shares in the last quarter. Jackson Thornton Wealth Management LLC boosted its position in shares of New York Times by 3.5% during the fourth quarter. Jackson Thornton Wealth Management LLC now owns 4,355 shares of the company’s stock worth $302,000 after acquiring an additional 148 shares during the last quarter. Bessemer Group Inc. grew its stake in New York Times by 34.4% during the first quarter. Bessemer Group Inc. now owns 687 shares of the company’s stock valued at $58,000 after acquiring an additional 176 shares in the last quarter. Finally, Brown Advisory Inc. increased its holdings in New York Times by 1.1% in the 4th quarter. Brown Advisory Inc. now owns 17,944 shares of the company’s stock valued at $1,246,000 after acquiring an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

New York Times News Summary

Here are the key news stories impacting New York Times this week:

• Positive Sentiment: Q2 results exceeded expectations. The New York Times reported earnings of $0.69 per share versus the $0.67 consensus estimate, while revenue rose 11.2% year over year to $762.5 million, helped by digital subscriptions, higher average revenue per user and stronger digital advertising. The New York Times Q2 Earnings Beat Estimates as Digital Ads Rise
• Positive Sentiment: Digital growth and pricing power support the long-term investment case. The company’s subscription ecosystem, ability to raise prices and continued digital expansion could support recurring revenue and profitability over time. Should Investors Buy Hold or Wait on NYT Amid Growth and Valuation
• Positive Sentiment: Options activity points to some bullish positioning. Investors purchased NYT call options in unusually high volume, suggesting that some market participants anticipate a rebound or further upside, although options activity is speculative and does not change the company’s fundamentals. Investors Buy High Volume of New York Times Call Options
• Neutral Sentiment: Recent weakness has created a valuation debate. NYT shares have decreased 12.8% over the past month and trade below their 50-day and 200-day moving averages. That decline could attract value-oriented buyers, but investors remain divided over whether the stock’s valuation adequately reflects its growth prospects. NYT Stock Fell 12.8% in One Month Can Weakness Create Opportunity
• Negative Sentiment: Subscriber momentum moderated. While digital performance remained strong, slower subscriber additions raise concerns about how easily NYT can sustain its growth rate and expand its subscription base.
• Negative Sentiment: Costs and valuation remain headwinds. Rising expenses could limit margin expansion, while the stock’s valuation leaves less room for execution setbacks. These concerns are contributing to a “hold or wait” stance among some investors. NYT Earnings Show Digital Growth as Subscriber Momentum Moderates

About New York Times

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.