BMO Capital Markets reissued their market perform rating on shares of Party City Holdco Inc (NYSE:PRTY) in a report issued on Wednesday. The firm currently has a $16.00 price target on the stock, down from their prior price target of $18.00.
Several other analysts have also issued reports on the stock. Telsey Advisory Group reiterated an outperform rating on shares of Party City Holdco in a research report on Thursday, February 16th. Zacks Investment Research upgraded shares of Party City Holdco from a sell rating to a hold rating in a research report on Friday, March 10th. TheStreet lowered shares of Party City Holdco from a c- rating to a d+ rating in a research report on Friday, January 13th. Finally, Credit Suisse Group AG set a $19.00 target price on shares of Party City Holdco and gave the company a buy rating in a research report on Monday, March 13th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $18.00.
Party City Holdco (NYSE:PRTY) opened at 13.90 on Wednesday. The company has a market capitalization of $1.66 billion, a P/E ratio of 14.18 and a beta of 2.85. Party City Holdco has a one year low of $12.05 and a one year high of $19.10. The company’s 50-day moving average is $14.56 and its 200 day moving average is $15.64.
Party City Holdco (NYSE:PRTY) last announced its earnings results on Thursday, March 9th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.02. Party City Holdco had a net margin of 5.13% and a return on equity of 14.62%. The business had revenue of $749 million for the quarter, compared to analyst estimates of $758.24 million. During the same quarter last year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Party City Holdco will post $1.27 earnings per share for the current year.
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Institutional investors have recently bought and sold shares of the company. Strs Ohio acquired a new position in Party City Holdco during the third quarter valued at $428,000. Peregrine Capital Management LLC acquired a new position in Party City Holdco during the third quarter valued at $21,601,000. First Trust Advisors LP acquired a new position in Party City Holdco during the third quarter valued at $1,075,000. Aperio Group LLC acquired a new position in Party City Holdco during the third quarter valued at $195,000. Finally, Victory Capital Management Inc. acquired a new position in Party City Holdco during the third quarter valued at $28,694,000. 96.89% of the stock is currently owned by hedge funds and other institutional investors.
About Party City Holdco
Party City Holdco Inc is a party goods retailer and supplier of decorated party goods. The Company operates through two segments: Retail and Wholesale. The Wholesale segment designs, manufactures, contracts for manufacture and distributes party goods, including paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts and stationery throughout the world.
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