Party City Holdco Inc (PRTY) Receives $14.17 Consensus PT from Analysts

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Shares of Party City Holdco Inc (NYSE:PRTY) have earned an average rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $14.17.

A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Party City Holdco from a “sell” rating to a “hold” rating in a report on Wednesday. Telsey Advisory Group reiterated an “outperform” rating and issued a $14.00 price objective (down from $15.00) on shares of Party City Holdco in a report on Friday, March 1st. JPMorgan Chase & Co. downgraded shares of Party City Holdco from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $14.00 to $12.00 in a report on Friday, March 1st. Finally, ValuEngine upgraded shares of Party City Holdco from a “strong sell” rating to a “sell” rating in a report on Thursday, February 28th.

Several hedge funds and other institutional investors have recently bought and sold shares of PRTY. Public Employees Retirement System of Ohio grew its stake in shares of Party City Holdco by 67.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,537 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 1,024 shares in the last quarter. Investors Research Corp bought a new position in shares of Party City Holdco in the first quarter valued at $71,000. Gs Investments Inc. grew its stake in shares of Party City Holdco by 15.4% in the fourth quarter. Gs Investments Inc. now owns 7,500 shares of the specialty retailer’s stock valued at $75,000 after buying an additional 1,000 shares in the last quarter. SEI Investments Co grew its stake in shares of Party City Holdco by 44.8% in the first quarter. SEI Investments Co now owns 9,839 shares of the specialty retailer’s stock valued at $76,000 after buying an additional 3,046 shares in the last quarter. Finally, Hodges Capital Management Inc. bought a new position in shares of Party City Holdco in the first quarter valued at $79,000.

PRTY stock traded down $0.11 during mid-day trading on Friday, hitting $8.03. 929,471 shares of the company were exchanged, compared to its average volume of 1,646,455. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.28 and a current ratio of 1.16. The company has a market capitalization of $767.20 million, a P/E ratio of 5.05, a price-to-earnings-growth ratio of 0.33 and a beta of 1.84. Party City Holdco has a 1-year low of $6.28 and a 1-year high of $16.95.

Party City Holdco (NYSE:PRTY) last posted its quarterly earnings data on Thursday, May 9th. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.01. Party City Holdco had a net margin of 3.87% and a return on equity of 14.84%. The company had revenue of $513.12 million for the quarter, compared to the consensus estimate of $522.59 million. During the same period last year, the company earned $0.07 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. Analysts forecast that Party City Holdco will post 1.67 earnings per share for the current year.

Party City Holdco Company Profile

Party City Holdco Inc, through its subsidiaries, designs, manufactures, sources, and distributes party supplies in the United States and internationally. The company operates in two segments, Retail and Wholesale. It offers paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts, and stationery.

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Analyst Recommendations for Party City Holdco (NYSE:PRTY)

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