New York Times (NYSE:NYT) Cut to “Hold” at Wall Street Zen

New York Times (NYSE:NYT) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other analysts also recently issued reports on NYT. Morgan Stanley set a $68.00 target price on New York Times in a research note on Thursday, December 18th. JPMorgan Chase & Co. upped their price objective on shares of New York Times from $71.00 to $74.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Evercore restated an “outperform” rating on shares of New York Times in a research report on Thursday, February 5th. Guggenheim set a $63.00 target price on shares of New York Times and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Finally, Argus upgraded shares of New York Times to a “strong-buy” rating in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $68.43.

New York Times Price Performance

Shares of New York Times stock opened at $80.39 on Friday. The stock’s 50 day simple moving average is $73.08 and its 200-day simple moving average is $65.08. The stock has a market cap of $13.05 billion, a P/E ratio of 38.46, a P/E/G ratio of 2.54 and a beta of 1.09. New York Times has a 1-year low of $44.83 and a 1-year high of $82.74.

New York Times (NYSE:NYT) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. New York Times had a return on equity of 20.73% and a net margin of 12.18%.The firm had revenue of $802.31 million during the quarter, compared to analysts’ expectations of $791.55 million. During the same quarter last year, the firm earned $0.80 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, research analysts expect that New York Times will post 2.08 EPS for the current fiscal year.

Insider Activity at New York Times

In other news, EVP William Bardeen sold 13,000 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $79.56, for a total transaction of $1,034,280.00. Following the sale, the executive vice president owned 18,681 shares of the company’s stock, valued at approximately $1,486,260.36. This represents a 41.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO R Anthony Benten sold 1,913 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $73.57, for a total transaction of $140,739.41. Following the completion of the transaction, the chief accounting officer directly owned 37,772 shares of the company’s stock, valued at approximately $2,778,886.04. The trade was a 4.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,913 shares of company stock worth $2,214,369 in the last three months. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On New York Times

Large investors have recently added to or reduced their stakes in the business. Navalign LLC acquired a new stake in New York Times during the 4th quarter worth approximately $25,000. Cornerstone Planning Group LLC grew its stake in shares of New York Times by 74.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock worth $32,000 after acquiring an additional 190 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of New York Times during the fourth quarter worth $32,000. SOA Wealth Advisors LLC. purchased a new stake in shares of New York Times during the fourth quarter worth $34,000. Finally, Employees Retirement System of Texas purchased a new stake in shares of New York Times during the second quarter worth $28,000. 95.37% of the stock is owned by hedge funds and other institutional investors.

New York Times News Roundup

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

• Positive Sentiment: Breaking international coverage and live updates on attacks in Tehran/Beirut/Tel Aviv should drive heavy traffic and subscription interest for NYT’s digital platform, supporting revenue potential from subscriptions and ads. Live Updates: Tehran, Beirut and Tel Aviv Are Targeted in Attacks and Counterattacks
• Positive Sentiment: Jobs-report coverage and related business briefings attract business audiences (higher lifetime-value subscribers) and advertiser spend, a near-term revenue positive for a news subscription model. Live Updates: Strong Hiring Likely Continued Early This Year
• Positive Sentiment: The company recently increased its quarterly dividend (new quarterly payout noted by market coverage), which can appeal to income-focused investors and signal cash‑flow confidence. MarketBeat: NYT profile and dividend details
• Neutral Sentiment: Feature, sports and culture pieces (e.g., lifestyle stories around celebrity residencies and Athletic sports coverage) sustain daily engagement but are less likely to move near‑term investor sentiment materially. They Can’t Stay at Harry’s House, So They’ll Stay With Fellow Fans
• Negative Sentiment: Chairman Arthur G. Sulzberger sold 13,000 shares (about a 7% disclosed reduction) in early March — insider sales can create negative optics and increase selling pressure. SEC filing: Sulzberger sale
• Negative Sentiment: EVP William Bardeen sold 13,000 shares (~41% reduction of his disclosed holding) at ~ $79.56 — large, concentrated insider selling can amplify investor concern and weigh on the stock. SEC filing: Bardeen sale
• Negative Sentiment: Weak macro headlines and a broad market drop after the jobs report are pressuring media and growth stocks generally, contributing to NYT’s share weakness today. Stocks Drop as Weak Jobs Report Adds to Uncertain Outlook

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.