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.

A number of other brokerages have also commented on NYT. UBS Group set a $62.00 price target on New York Times in a report on Thursday, November 6th. JPMorgan Chase & Co. upped their target price on shares of New York Times from $71.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Evercore restated an “outperform” rating on shares of New York Times in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of New York Times in a research report on Thursday, January 22nd. Finally, Barclays lifted their target price on New York Times from $55.00 to $60.00 and gave the stock 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 issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, New York Times has an average rating of “Moderate Buy” and a consensus target price of $68.43.

New York Times Trading Up 0.1%

NYSE:NYT opened at $75.55 on Thursday. The firm has a market capitalization of $12.27 billion, a PE ratio of 36.15, a PEG ratio of 2.33 and a beta of 1.11. New York Times has a 1 year low of $44.83 and a 1 year high of $76.35. The firm’s fifty day simple moving average is $71.01 and its 200 day simple moving average is $63.49.

New York Times (NYSE:NYT) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. The company had revenue of $802.31 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 earnings per share. As a group, analysts anticipate that New York Times will post 2.08 EPS for the current fiscal year.

Insider Buying and Selling

In other New York Times news, CAO R Anthony Benten sold 1,913 shares of New York Times stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $73.57, for a total transaction 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. The trade was a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of New York Times

Several institutional investors have recently bought and sold shares of the stock. Andina Capital Management LLC grew its holdings in shares of New York Times by 1.7% during the 4th quarter. Andina Capital Management LLC now owns 8,814 shares of the company’s stock valued at $612,000 after purchasing an additional 147 shares during the last quarter. Jackson Thornton Wealth Management LLC boosted its position in New York Times by 3.5% in the fourth quarter. Jackson Thornton Wealth Management LLC now owns 4,355 shares of the company’s stock valued at $302,000 after buying an additional 148 shares in the last quarter. Figure 8 Investment Strategies LLC grew its stake in shares of New York Times by 1.7% during the third quarter. Figure 8 Investment Strategies LLC now owns 11,226 shares of the company’s stock worth $644,000 after buying an additional 185 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of New York Times by 1.1% during the fourth quarter. Brown Advisory Inc. now owns 17,944 shares of the company’s stock worth $1,246,000 after buying an additional 189 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its holdings in shares of New York Times by 74.2% during the fourth quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock worth $32,000 after buying an additional 190 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Key Stories Impacting New York Times

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

• Positive Sentiment: Berkshire Hathaway disclosed a new position in NYT, signaling institutional endorsement and creating a clear catalyst for momentum; coverage highlights this as a meaningful vote of confidence for the publisher. Berkshire slashes Amazon stake, trims Apple, takes new position in New York Times
• Positive Sentiment: Follow-up media pieces frame Berkshire’s buy as a timely and high-profile endorsement (and part of Warren Buffett’s final portfolio moves), which can spur further investor interest and secondary buying. Buffett’s Parting Gift To Berkshire Shareholders: A Multimillion‑Dollar Win From New York Times Stock
• Neutral Sentiment: High-profile NYT editorial/content output (Olympics/sports, major trial coverage, world news) continues to support subscriber engagement and ad inventory but represents ongoing, not one-off, drivers for revenue growth. Mark Zuckerberg Takes the Stand in Landmark Social Media Addiction Trial
• Neutral Sentiment: Analyst/media narratives tying Berkshire’s move to value investing and NYT’s digital-subscription growth may extend the story, but impact depends on whether more institutional buyers follow. Warren Buffett’s Final Investment
• Negative Sentiment: Insider selling: CAO R. Anthony Benten sold 1,913 shares (~4.8% of his holding) on Feb. 17; while notable, the sale size is relatively small and likely a modest negative or neutral signal unless followed by additional insider exits. SEC Form 4 – R. Anthony Benten

New York Times Company Profile

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.