Key Points
- Director David Perpich sold 9,000 shares of New York Times stock at an average price of $77.06, totaling $693,540. After the sale, he still held 28,469 shares.
- NYT reported stronger-than-expected quarterly results, with EPS of $0.61 versus a $0.49 estimate and revenue of $712.24 million, up 12% year over year.
- Analysts remain broadly constructive, with a consensus rating of “Moderate Buy” and an average price target of $80.78, though some reports caution the stock’s valuation may be ahead of fundamentals.
The New York Times Company (NYSE:NYT - Get Free Report) Director David Perpich sold 9,000 shares of the business'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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
New York Times Stock Up 0.8%
New York Times stock opened at $77.94 on Wednesday. The company has a market capitalization of $12.57 billion, a PE ratio of 33.45, a P/E/G ratio of 1.63 and a beta of 0.98. The firm has a fifty day simple moving average of $81.11 and a two-hundred day simple moving average of $72.61. The New York Times Company has a twelve month low of $51.03 and a twelve month high of $87.10.
New York Times (NYSE:NYT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.49 by $0.12. The firm had revenue of $712.24 million during the quarter, compared to the consensus estimate of $699.93 million. New York Times had a net margin of 13.18% and a return on equity of 22.02%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. As a group, equities analysts expect that The New York Times Company will post 2.88 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently issued reports on NYT shares. JPMorgan Chase & Co. increased their price target on shares of New York Times from $71.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, February 5th. Barclays increased their price target on shares of New York Times from $60.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 7th. Guggenheim increased their price target on shares of New York Times from $63.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, May 7th. Argus upgraded shares of New York Times to a "strong-buy" rating in a report on Thursday, February 19th. Finally, Citigroup upped their price objective on shares of New York Times from $77.00 to $94.00 and gave the stock a "buy" rating in a report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, New York Times currently has an average rating of "Moderate Buy" and a consensus target price of $80.78.
View Our Latest Report on New York Times
Institutional Investors Weigh In On New York Times
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC purchased a new stake in shares of New York Times in the 1st quarter worth $442,000. Focus Partners Wealth raised its position in shares of New York Times by 52.2% during the 1st quarter. Focus Partners Wealth now owns 11,640 shares of the company's stock valued at $577,000 after purchasing an additional 3,990 shares during the period. Geneos Wealth Management Inc. raised its position in shares of New York Times by 690.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 846 shares of the company's stock valued at $42,000 after purchasing an additional 739 shares during the period. Baird Financial Group Inc. bought a new stake in shares of New York Times during the 2nd quarter valued at $306,000. Finally, Cerity Partners LLC raised its position in shares of New York Times by 70.2% during the 2nd quarter. Cerity Partners LLC now owns 55,423 shares of the company's stock valued at $3,103,000 after purchasing an additional 22,853 shares during the period. Hedge funds and other institutional investors 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: A recent analysis said NYT had a strong first quarter, with digital advertising up 31.6% and subscriber growth still solid, even if growth is slowing. The report also noted potential upside from AI licensing and highlighted momentum in the core digital business. The New York Times: Q1 Was Strong, But The Valuation Looks Ahead Of Reality
- Positive Sentiment: Zacks also labeled The New York Times Company a strong momentum stock, which can support investor sentiment around the shares. Here's Why New York Times Co. (NYT) is a Strong Momentum Stock
- Neutral Sentiment: The company published several high-profile articles across politics, business, sports, and culture, including coverage of inflation, U.S. politics, and major entertainment topics. These pieces reinforce NYT’s strong content output, but they are not immediate stock catalysts. Inflation Accelerates After Weeks of War in Iran
- Neutral Sentiment: Director David S. Perpich sold 9,000 shares at $77.06 each, a routine insider sale that may slightly weigh on sentiment, but it is not large enough to suggest a major change in the company’s outlook. SEC filing
- Negative Sentiment: One outside analysis warned that NYT’s valuation may be ahead of fundamentals, pointing to slowing revenue growth and higher costs tied to investments in video journalism. That keeps some pressure on the stock’s premium multiple. The New York Times: Q1 Was Strong, But The Valuation Looks Ahead Of Reality
New York Times Company Profile
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Get Free Report)
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.
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