James M. Harrison Purchases 125,000 Shares of Party City Holdco Inc (NYSE:PRTY) Stock

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Party City Holdco Inc (NYSE:PRTY) CEO James M. Harrison bought 125,000 shares of Party City Holdco stock in a transaction on Monday, August 12th. The shares were acquired at an average price of $4.53 per share, for a total transaction of $566,250.00. Following the completion of the acquisition, the chief executive officer now owns 114,074 shares in the company, valued at $516,755.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of NYSE:PRTY opened at $4.21 on Friday. Party City Holdco Inc has a 52 week low of $4.07 and a 52 week high of $15.75. The company’s 50 day moving average is $6.19 and its two-hundred day moving average is $8.01. The company has a current ratio of 1.16, a quick ratio of 0.28 and a debt-to-equity ratio of 2.28. The company has a market cap of $401.37 million, a PE ratio of 2.65, a P/E/G ratio of 0.23 and a beta of 1.30.

Party City Holdco (NYSE:PRTY) last announced its quarterly earnings data on Thursday, August 8th. The specialty retailer reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.16). Party City Holdco had a net margin of 4.67% and a return on equity of 12.88%. The firm had revenue of $563.90 million during the quarter, compared to analysts’ expectations of $572.14 million. During the same period in the prior year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities research analysts expect that Party City Holdco Inc will post 1.29 EPS for the current year.

Several large investors have recently made changes to their positions in PRTY. Public Employees Retirement System of Ohio increased its position in shares of Party City Holdco by 67.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,537 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 1,024 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Party City Holdco in the 2nd quarter valued at approximately $42,000. Investors Research Corp purchased a new stake in shares of Party City Holdco in the 1st quarter valued at approximately $71,000. Hodges Capital Management Inc. purchased a new stake in shares of Party City Holdco in the 1st quarter valued at approximately $79,000. Finally, Legal & General Group Plc increased its position in shares of Party City Holdco by 14.7% in the 4th quarter. Legal & General Group Plc now owns 9,991 shares of the specialty retailer’s stock valued at $100,000 after purchasing an additional 1,284 shares during the last quarter.

PRTY has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Party City Holdco from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Goldman Sachs Group upgraded shares of Party City Holdco from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $10.00 to $8.00 in a report on Wednesday, July 24th. Zacks Investment Research lowered shares of Party City Holdco from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Finally, Bank of America reduced their target price on shares of Party City Holdco from $14.50 to $10.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $12.03.

About Party City Holdco

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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