Party City Holdco Inc. (NYSE:PRTY) has earned an average rating of “Hold” from the eight analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $16.75.
PRTY has been the topic of a number of research analyst reports. BidaskClub downgraded Party City Holdco from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Zacks Investment Research raised shares of Party City Holdco from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Wednesday, August 30th. ValuEngine cut shares of Party City Holdco from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, BMO Capital Markets set a $16.00 target price on shares of Party City Holdco and gave the company a “hold” rating in a report on Thursday, August 3rd.
Party City Holdco (NYSE:PRTY) traded up 1.10% on Friday, hitting $13.80. The stock had a trading volume of 820,784 shares. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 14.26 and a beta of 2.69. Party City Holdco has a 52 week low of $12.65 and a 52 week high of $18.33. The company has a 50-day moving average price of $14.04 and a 200-day moving average price of $14.78.
Party City Holdco (NYSE:PRTY) last issued its earnings results on Wednesday, August 2nd. The specialty retailer reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $544.90 million during the quarter, compared to analyst estimates of $545.59 million. Party City Holdco had a return on equity of 13.97% and a net margin of 4.97%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 EPS. Equities research analysts anticipate that Party City Holdco will post $1.28 earnings per share for the current fiscal year.
In other Party City Holdco news, Director Gerald C. Rittenberg sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $14.68, for a total transaction of $1,027,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan T. Vero bought 2,921 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were acquired at an average cost of $13.70 per share, with a total value of $40,017.70. Following the purchase, the insider now directly owns 2,921 shares of the company’s stock, valued at approximately $40,017.70. The disclosure for this purchase can be found here. Corporate insiders own 5.02% of the company’s stock.
Large investors have recently bought and sold shares of the company. Legal & General Group Plc grew its holdings in shares of Party City Holdco by 14.0% during the first quarter. Legal & General Group Plc now owns 7,190 shares of the specialty retailer’s stock valued at $101,000 after buying an additional 881 shares during the last quarter. Parallax Volatility Advisers L.P. purchased a new stake in Party City Holdco in the second quarter worth approximately $127,000. Tudor Investment Corp ET AL purchased a new stake in Party City Holdco in the first quarter worth approximately $170,000. Dynamic Technology Lab Private Ltd purchased a new stake in Party City Holdco in the first quarter worth approximately $171,000. Finally, Pacad Investment Ltd. boosted its holdings in Party City Holdco by 6.1% in the second quarter. Pacad Investment Ltd. now owns 12,100 shares of the specialty retailer’s stock worth $189,000 after purchasing an additional 700 shares during the last quarter.
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Party City Holdco Company Profile
Party City Holdco Inc is a holding company with no operating assets or operations. As of December 31, 2016, the Company owned PC Nextco Holdings, LLC (PC Nextco), which owned PC Intermediate Holdings, Inc (PC Intermediate). As of December 31, 2016, PC Intermediate owned Party City Holdings Inc (PCHI).
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