Party City Holdco (PRTY) Receiving Somewhat Critical News Coverage, Analysis Finds

Headlines about Party City Holdco (NYSE:PRTY) have been trending somewhat negative recently, Accern reports. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Party City Holdco earned a news impact score of 0.00 on Accern’s scale. Accern also assigned news articles about the specialty retailer an impact score of 46.7075946193222 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the news articles that may have effected Accern’s rankings:

Shares of Party City Holdco (NYSE:PRTY) remained flat at $$12.00 during midday trading on Friday. The company’s stock had a trading volume of 518,200 shares, compared to its average volume of 471,562. The company has a market capitalization of $1,436.76, a P/E ratio of 10.08, a PEG ratio of 1.00 and a beta of 2.54. Party City Holdco has a 1 year low of $9.50 and a 1 year high of $17.70. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.64 and a quick ratio of 0.51.

Party City Holdco (NYSE:PRTY) last issued its quarterly earnings results on Thursday, November 9th. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. Party City Holdco had a net margin of 4.96% and a return on equity of 13.74%. The firm had revenue of $560.11 million for the quarter, compared to analyst estimates of $587.74 million. During the same period in the previous year, the business earned $0.12 EPS. The company’s revenue was up .6% compared to the same quarter last year. research analysts expect that Party City Holdco will post 1.21 earnings per share for the current fiscal year.

Party City Holdco declared that its board has authorized a stock repurchase program on Thursday, November 9th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Several research firms have commented on PRTY. Zacks Investment Research downgraded shares of Party City Holdco from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. ValuEngine cut shares of Party City Holdco from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Morgan Stanley decreased their price target on shares of Party City Holdco from $17.00 to $15.50 and set an “equal weight” rating for the company in a report on Wednesday, November 8th. Finally, BMO Capital Markets upgraded shares of Party City Holdco from a “market perform” rating to an “outperform” rating and increased their target price for the company from $11.20 to $16.00 in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $15.60.

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In other Party City Holdco news, CEO James M. Harrison purchased 20,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was purchased at an average cost of $11.27 per share, for a total transaction of $225,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael A. Correale purchased 5,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was acquired at an average price of $12.14 per share, with a total value of $60,700.00. Following the completion of the transaction, the insider now owns 79,756 shares in the company, valued at approximately $968,237.84. The disclosure for this purchase can be found here. Insiders own 5.02% of the company’s stock.

About Party City Holdco

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).

Insider Buying and Selling by Quarter for Party City Holdco (NYSE:PRTY)

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