Analysts Set The New York Times Company (NYSE:NYT) Target Price at $54.71

Shares of The New York Times Company (NYSE:NYT - Get Free Report) have received an average rating of "Moderate Buy" from the seven research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $54.71.

NYT has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on New York Times from $65.00 to $66.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Morgan Stanley cut their target price on New York Times from $56.00 to $54.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. StockNews.com raised New York Times from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of New York Times from $58.00 to $62.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th.

New York Times Stock Up 0.6 %

NYT traded up $0.28 on Monday, reaching $49.47. The company's stock had a trading volume of 2,154,929 shares, compared to its average volume of 1,787,185. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of 27.79, a P/E/G ratio of 1.78 and a beta of 1.01. New York Times has a fifty-two week low of $41.55 and a fifty-two week high of $58.16. The stock has a 50 day moving average of $52.35 and a two-hundred day moving average of $53.80.

New York Times (NYSE:NYT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.06. New York Times had a return on equity of 18.51% and a net margin of 11.36%. As a group, analysts anticipate that New York Times will post 2.08 earnings per share for the current fiscal year.

New York Times Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.46%. This is a boost from New York Times's previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, April 1st. New York Times's dividend payout ratio (DPR) is 40.45%.

Institutional Investors Weigh In On New York Times

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of New York Times by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 15,800,348 shares of the company's stock worth $822,408,000 after buying an additional 63,856 shares in the last quarter. Wellington Management Group LLP raised its holdings in New York Times by 2.0% in the third quarter. Wellington Management Group LLP now owns 6,074,514 shares of the company's stock valued at $338,168,000 after buying an additional 118,479 shares during the period. Darsana Capital Partners LP lifted its position in New York Times by 15.0% during the fourth quarter. Darsana Capital Partners LP now owns 5,750,000 shares of the company's stock valued at $299,288,000 after buying an additional 750,000 shares in the last quarter. State Street Corp grew its stake in New York Times by 0.7% during the third quarter. State Street Corp now owns 4,785,844 shares of the company's stock worth $266,428,000 after buying an additional 32,905 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of New York Times by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 4,035,335 shares of the company's stock worth $210,084,000 after acquiring an additional 102,519 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company's stock.

New York Times Company Profile

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company's mobile application, website, printed newspaper, and associated content, such as podcast.