Party City Holdco Inc (NYSE:PRTY) has received an average rating of “Hold” from the eight brokerages that are presently covering the firm. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $17.60.
Several equities analysts recently weighed in on PRTY shares. Credit Suisse Group AG set a $19.00 target price on Party City Holdco and gave the stock a “buy” rating in a research report on Monday, March 13th. Zacks Investment Research upgraded Party City Holdco from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Wednesday, May 10th. TheStreet upgraded Party City Holdco from a “d+” rating to a “c-” rating in a research report on Tuesday, April 11th. BMO Capital Markets reiterated a “market perform” rating and set a $16.00 target price (down from $18.00) on shares of Party City Holdco in a research report on Wednesday, March 15th. Finally, Telsey Advisory Group reiterated an “outperform” rating on shares of Party City Holdco in a research report on Thursday, February 16th.
Shares of Party City Holdco (NYSE:PRTY) traded up 1.62% on Friday, reaching $15.70. The company’s stock had a trading volume of 362,805 shares. Party City Holdco has a 1-year low of $12.05 and a 1-year high of $19.10. The company has a 50 day moving average of $14.73 and a 200 day moving average of $15.01. The stock has a market capitalization of $1.88 billion, a P/E ratio of 16.65 and a beta of 2.85.
Party City Holdco (NYSE:PRTY) last released its earnings results on Tuesday, May 9th. The specialty retailer reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. Party City Holdco had a return on equity of 14.62% and a net margin of 5.13%. The firm had revenue of $477 million for the quarter, compared to the consensus estimate of $476.91 million. During the same period in the prior year, the business posted $0.04 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts expect that Party City Holdco will post $1.27 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in Party City Holdco by 14.0% in 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 period. Acrospire Investment Management LLC increased its position in Party City Holdco by 38.5% in the third quarter. Acrospire Investment Management LLC now owns 7,909 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 2,200 shares during the period. Highbridge Capital Management LLC increased its position in Party City Holdco by 380.9% in the fourth quarter. Highbridge Capital Management LLC now owns 11,518 shares of the specialty retailer’s stock valued at $163,000 after buying an additional 15,618 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Party City Holdco during the first quarter valued at $171,000. Finally, PEAK6 Investments L.P. acquired a new position in Party City Holdco during the first quarter valued at $194,000. Hedge funds and other institutional investors own 96.89% 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).
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