Should I buy or sell New York Times stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New York Times in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NYT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NYT, but not buy additional shares or sell existing shares. View NYT analyst ratings or view top-rated stocks .

What is New York Times' stock price target for 2024?

4 brokers have issued 12-month target prices for New York Times' shares. Their NYT share price targets range from $37.00 to $46.00. On average, they expect the company's share price to reach $42.75 in the next year. This suggests that the stock has a possible downside of 9.7%. View analysts price targets for NYT or view top-rated stocks among Wall Street analysts .

How have NYT shares performed in 2023?

New York Times' stock was trading at $32.46 at the start of the year. Since then, NYT shares have increased by 45.8% and is now trading at $47.34. View the best growth stocks for 2023 here .

Are investors shorting New York Times?

New York Times saw a increase in short interest in October. As of October 31st, there was short interest totaling 6,540,000 shares, an increase of 18.5% from the October 15th total of 5,520,000 shares. Based on an average daily trading volume, of 1,230,000 shares, the days-to-cover ratio is currently 5.3 days. Approximately 4.1% of the company's stock are sold short. View New York Times' Short Interest .

When is New York Times' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024. View our NYT earnings forecast .

How were New York Times' earnings last quarter?

The New York Times Company (NYSE:NYT) released its earnings results on Wednesday, November, 8th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.08. The firm earned $598.35 million during the quarter, compared to the consensus estimate of $589.49 million. New York Times had a trailing twelve-month return on equity of 16.22% and a net margin of 8.00%. New York Times's revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 earnings per share.

How often does New York Times pay dividends? What is the dividend yield for New York Times?

New York Times declared a quarterly dividend on Thursday, September 28th. Investors of record on Tuesday, October 10th will be paid a dividend of $0.11 per share on Thursday, October 26th. This represents a $0.44 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Friday, October 6th. Read our dividend analysis for NYT .

Is New York Times a good dividend stock?

New York Times (NYSE:NYT) pays an annual dividend of $0.44 per share and currently has a dividend yield of 0.94%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 37.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NYT will have a dividend payout ratio of 28.03% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for NYT .

What ETFs hold New York Times' stock?

ETFs with the largest weight of New York Times (NYSE:NYT) stock in their portfolio include LeaderShares Activist Leaders ETF (ACTV) , Invesco Next Gen Media and Gaming ETF (PBS) , Clouty Tune ETF (TUNE) , Franklin U.S. Low Volatility ETF (FLLV) , First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) , WisdomTree U.S. Multifactor Fund (USMF) , Fidelity MSCI Communication Services Index ETF (FCOM) and Vanguard Communication Services ETF (VOX) .

How will New York Times' stock buyback program work?

New York Times announced that its board has initiated a share repurchase program on Wednesday, February 8th 2023, which permits the company to repurchase $250,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 3.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

What is Mark Thompson's approval rating as New York Times' CEO?

158 employees have rated New York Times Chief Executive Officer Mark Thompson on Glassdoor.com . Mark Thompson has an approval rating of 84% among the company's employees.

What other stocks do shareholders of New York Times own?

Based on aggregate information from My MarketBeat watchlists, some companies that other New York Times investors own include Netflix (NFLX) , Walt Disney (DIS) , PayPal (PYPL) , Advanced Micro Devices (AMD) , Mastercard (MA) , NVIDIA (NVDA) , Tesla (TSLA) , Activision Blizzard (ATVI) , Starbucks (SBUX) and Shopify (SHOP) .

Who are New York Times' major shareholders?

New York Times' stock is owned by a number of institutional and retail investors. Top institutional investors include Wellington Management Group LLP (3.72%), Cadian Capital Management LP (1.46%), Morgan Stanley (1.23%), Charles Schwab Investment Management Inc. (1.08%), Bank of New York Mellon Corp (1.07%) and Northern Trust Corp (0.90%). Insiders that own company stock include Arthur G Sulzberger , David S Perpich , Diane Brayton , Levien Meredith A Kopit , R Anthony Benten and Roland A Caputo . View institutional ownership trends .

How do I buy shares of New York Times?

Shares of NYT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

New York Times Stock Price, News & Analysis (NYSE:NYT)

$47.34

+0.35 (+0.74%)

(As of 12/1/2023 ET)

Compare

Today's Range: $47.09
▼
$48.04
50-Day Range: $39.97
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$47.34
52-Week Range: $31.46
▼
$48.04

Volume: 1.18 million shs
Average Volume: 1.06 million shs
Market Capitalization: $7.78 billion

P/E Ratio: 40.81
Dividend Yield: 0.93%
Price Target: $42.75

New York Times MarketRank™ Stock Analysis

Analyst Rating: Hold
2.25 Rating Score
Upside/Downside: 9.7% Downside
$42.75 Price Target
Short Interest: Bearish
4.38% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.91
Upright™ Environmental Score
News Sentiment: -0.01
Based on 75 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 5.37%
From $1.49 to $1.57 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.76 out of 5 stars

Consumer Staples Sector

108th out of 134 stocks

Newspapers Industry

2nd out of 4 stocks

1.1

Analyst's Opinion

Consensus Rating
New York Times has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $42.75, New York Times has a forecasted downside of 9.7% from its current price of $47.34.
Amount of Analyst Coverage
New York Times has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.38% of the float of New York Times has been sold short.
Short Interest Ratio / Days to Cover
New York Times has a short interest ratio ("days to cover") of 6.3.
Change versus previous month
Short interest in New York Times has recently increased by 6.88%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
New York Times has a dividend yield of 0.94%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
New York Times has been increasing its dividend for 5 years.
Dividend Coverage
The dividend payout ratio of New York Times is 37.93%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, New York Times will have a dividend payout ratio of 28.03% next year. This indicates that New York Times will be able to sustain or increase its dividend.

3.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
New York Times has received a 53.54% net impact score from Upright. The New York Times Company seems to create the most significant positive value in categories "Taxes", "Distributing knowledge", and "Jobs". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Production of news articles for majority groups following principles of journalistic ethics", "Publishing of newspapers following principles of journalistic ethics", and "Creation of radio news programs following principles of journalistic ethics" products. See details.
Environmental Sustainability
The Environmental Impact score for New York Times is -0.91.

1.7

News and Social Media Coverage

News Sentiment
New York Times has a news sentiment score of -0.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 75 news articles for New York Times this week, compared to 88 articles on an average week.
MarketBeat Follows
7 people have added New York Times to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, New York Times insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.00% of the stock of New York Times is held by insiders.
Percentage Held by Institutions
95.37% of the stock of New York Times is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for New York Times are expected to grow by 5.37% in the coming year, from $1.49 to $1.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of New York Times is 40.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.21.
Price to Earnings Ratio vs. Sector
The P/E ratio of New York Times is 40.81, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 21.00.
Price to Book Value per Share Ratio
New York Times has a P/B Ratio of 4.70. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About New York Times Stock (NYSE:NYT)

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. It offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com website. The company also licenses articles, graphics, and photographs to newspapers, magazines and websites; and licenses content to digital aggregators in the business, professional, academic and library markets; third-party digital platforms; and for use in television, films and books. In addition, it engages in the live events business, which hosts events to connect audiences with journalists and outside thought leaders; and digital advertising business that includes direct-sold website, mobile application, podcast, email, and video advertisements. Further, the company offers The Athletic, a sports media product; Cooking, a recipe product; Games, a puzzle games product; and Audm, a read-aloud audio service that are available on mobile applications and websites, as well as Wirecutter, a product review and recommendation product. It also prints and distributes products for third parties; and offers other products and services. The company was founded in 1851 and is headquartered in New York, New York.

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30 days | 90 days | 365 days | Advanced Chart

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