New York Times (NYSE:NYT) Reaches New 1-Year High – Time to Buy?

The New York Times Company (NYSE:NYT) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $71.29 and last traded at $71.2690, with a volume of 1476510 shares traded. The stock had previously closed at $69.39.

New York Times News Roundup

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

• Positive Sentiment: Analysts maintain a favorable view — NYT has a consensus “moderate buy,” which supports demand and gives investors cover to hold or add. The New York Times Company (NYSE:NYT) Receives Consensus Rating of “Moderate Buy” from Analysts
• Positive Sentiment: Momentum narrative: coverage noting NYT at a 52‑week high highlights positive price momentum and investor interest; analysts and momentum traders may keep buying on strength. The New York Times Company (NYT) Hits Fresh High: Is There Still Room to Run?
• Neutral Sentiment: Geopolitical/tail events that drive traffic: U.S. boarding of Venezuelan tankers and related Venezuela coverage can increase page views and subscriptions short term, supporting ad and subscription revenue, but these are event-driven and unpredictable. U.S. Boards Another Tanker Carrying Venezuelan Oil
• Neutral Sentiment: Big news and breaking coverage (Iran protests) typically boosts engagement and subscriber retention; good for NYT’s traffic but not a guaranteed earnings driver. Iran’s Supreme Leader Vows to ‘Not Back Down’ as Protests Swell
• Neutral Sentiment: Russia’s reported use of a nuclear-capable missile in Ukraine is high‑impact news that can drive sustained international readership and subscriptions, supporting revenue variability. Russia Says It Used Nuclear-Capable Missile to Strike Western Ukraine
• Neutral Sentiment: Economic coverage: NYT’s live jobs‑report updates and business reporting can attract engaged readers and subscribers interested in markets and the economy; positive for engagement but less direct near‑term impact on stock price. Live Updates: Jobs Report to Provide Insight on Murky Hiring Picture
• Neutral Sentiment: Opinion/brand presence: columnist Tom Friedman’s TV appearance raises NYT’s profile and can indirectly support subscriptions and influence. NYT’s Tom Friedman: Our oil companies need a legal structure in order to operate in Venezuela

Analysts Set New Price Targets

Several research firms recently weighed in on NYT. Weiss Ratings reiterated a “buy (b)” rating on shares of New York Times in a research note on Wednesday, October 8th. Morgan Stanley set a $68.00 price objective on New York Times in a research report on Thursday, December 18th. Barclays lifted their price objective on New York Times from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, November 6th. Evercore ISI restated an “outperform” rating on shares of New York Times in a research note on Thursday, November 6th. Finally, UBS Group set a $62.00 price target on shares of New York Times in a research note on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, New York Times presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.71.

New York Times Trading Down 0.9%

The company has a 50 day moving average of $66.19 and a 200 day moving average of $60.02. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of 34.62, a price-to-earnings-growth ratio of 1.56 and a beta of 1.12.

New York Times (NYSE:NYT) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.05. New York Times had a return on equity of 20.30% and a net margin of 12.29%.The firm had revenue of $700.82 million during the quarter, compared to analyst estimates of $692.01 million. During the same period in the prior year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that The New York Times Company will post 2.08 EPS for the current fiscal year.

New York Times Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Tuesday, January 6th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, January 6th. New York Times’s dividend payout ratio is currently 35.12%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Figure 8 Investment Strategies LLC boosted its holdings in New York Times by 1.7% in the 3rd quarter. Figure 8 Investment Strategies LLC now owns 11,226 shares of the company’s stock valued at $644,000 after purchasing an additional 185 shares during the period. Quadrant Capital Group LLC grew its position in New York Times by 2.0% during the third quarter. Quadrant Capital Group LLC now owns 10,809 shares of the company’s stock worth $620,000 after buying an additional 207 shares in the last quarter. MAI Capital Management grew its position in New York Times by 7.2% during the second quarter. MAI Capital Management now owns 3,516 shares of the company’s stock worth $197,000 after buying an additional 236 shares in the last quarter. ProShare Advisors LLC increased its stake in New York Times by 3.5% during the 2nd quarter. ProShare Advisors LLC now owns 7,195 shares of the company’s stock worth $403,000 after acquiring an additional 243 shares during the period. Finally, Larson Financial Group LLC increased its stake in New York Times by 59.6% during the 3rd quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock worth $38,000 after acquiring an additional 245 shares during the period. 95.37% of the stock is owned by institutional investors and hedge funds.

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.