Argus Upgrades New York Times (NYSE:NYT) to “Strong-Buy”

New York Times (NYSE:NYT) was upgraded by investment analysts at Argus to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Several other brokerages also recently issued reports on NYT. Weiss Ratings reaffirmed a “buy (b)” rating on shares of New York Times in a report on Thursday, January 22nd. Morgan Stanley set a $68.00 target price on New York Times in a research note on Thursday, December 18th. Citigroup lowered their target price on New York Times from $81.00 to $77.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Guggenheim set a $63.00 price target on New York Times and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Finally, Barclays upped their price objective on New York Times from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.43.

New York Times Stock Up 3.3%

Shares of NYT stock opened at $77.98 on Thursday. The stock has a market cap of $12.66 billion, a P/E ratio of 37.31, a P/E/G ratio of 2.33 and a beta of 1.11. New York Times has a fifty-two week low of $44.83 and a fifty-two week high of $78.25. The business has a fifty day simple moving average of $71.21 and a 200-day simple moving average of $63.66.

New York Times (NYSE:NYT) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. The business had revenue of $802.31 million for the quarter, compared to analyst estimates of $791.55 million. New York Times had a net margin of 12.18% and a return on equity of 21.02%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 EPS. On average, sell-side analysts anticipate that New York Times will post 2.08 earnings per share for the current year.

Insider Transactions at New York Times

In other New York Times news, CAO R Anthony Benten sold 1,913 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $73.57, for a total value of $140,739.41. Following the sale, the chief accounting officer directly owned 37,772 shares of the company’s stock, valued at approximately $2,778,886.04. This trade represents a 4.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Navalign LLC purchased a new position in New York Times during the fourth quarter worth approximately $25,000. Cornerstone Planning Group LLC increased its holdings in shares of New York Times by 74.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock worth $32,000 after buying an additional 190 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of New York Times in the 4th quarter worth $32,000. SOA Wealth Advisors LLC. acquired a new position in New York Times in the fourth quarter valued at $34,000. Finally, Employees Retirement System of Texas purchased a new stake in New York Times during the second quarter valued at about $28,000. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Key New York Times News

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

• Positive Sentiment: Argus upgraded NYT to a “strong‑buy,” a fresh buy‑side signal that can attract momentum investors and improve sentiment. Read More.
• Positive Sentiment: Institutional demand — disclosures show large fourth‑quarter buys (including a new Berkshire Hathaway position), which investors view as validation from major long‑term holders and supports higher share prices. Read More.
• Positive Sentiment: Dividend raise — NYT boosted its quarterly dividend to $0.23 (from $0.18), a yield lift and income signal that can appeal to dividend‑seeking investors; ex‑dividend date set for April 1. Read More.
• Positive Sentiment: Recent fundamentals — the Feb. 4 quarter beat on EPS and showed ~10% revenue growth, reinforcing the narrative that subscriptions and digital ad recovery are supporting growth. Read More.
• Neutral Sentiment: Analyst positioning is mixed — some firms raised targets or ratings while others trimmed them; consensus remains a moderate buy, so upside may be bounded by varied Street views.
• Neutral Sentiment: Broad market backdrop — equity markets are showing mixed signals today, which can amplify or dampen NYT’s move depending on overall risk appetite. Read More.
• Negative Sentiment: Cost and margin concerns — a Seeking Alpha piece warns that rising costs for legacy media could pressure margins as NYT invests in journalism and product, a narrative that can limit multiple expansion. Read More.
• Negative Sentiment: Insider sale — CAO R. Anthony Benten sold 1,913 shares (filed with the SEC), a modest insider reduction that some investors watch as a negative signal despite his continued large holding. Read More.

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.