Party City Holdco Inc. (NYSE:PRTY) has been given a consensus rating of “Hold” by the eleven ratings firms that are currently covering the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $18.13.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Party City Holdco from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday, August 9th. Morgan Stanley reaffirmed a “hold” rating and set a $17.00 target price on shares of Party City Holdco in a report on Friday, August 5th. Goldman Sachs Group Inc. lifted their target price on Party City Holdco from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, August 5th. JPMorgan Chase & Co. lifted their target price on Party City Holdco from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, August 5th. Finally, Telsey Advisory Group lifted their target price on Party City Holdco from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, August 5th.

A number of hedge funds and other institutional investors have recently bought and sold shares of PRTY. 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 company’s stock worth $135,000 after buying an additional 2,200 shares during the period. Cubist Systematic Strategies LLC increased its position in Party City Holdco by 1.3% in the second quarter. Cubist Systematic Strategies LLC now owns 10,504 shares of the company’s stock worth $146,000 after buying an additional 131 shares during the period. Oxford Asset Management purchased a new position in Party City Holdco during the second quarter worth $162,000. Quantitative Systematic Strategies LLC increased its position in Party City Holdco by 18.5% in the second quarter. Quantitative Systematic Strategies LLC now owns 12,260 shares of the company’s stock worth $169,000 after buying an additional 1,913 shares during the period. Finally, Bayesian Capital Management LP purchased a new position in Party City Holdco during the first quarter worth $188,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Party City Holdco (NYSE:PRTY) opened at 17.00 on Monday. The company’s 50 day moving average price is $16.56 and its 200-day moving average price is $15.52. The company has a market capitalization of $2.03 billion, a P/E ratio of 17.42 and a beta of 3.11. Party City Holdco has a 12-month low of $7.53 and a 12-month high of $19.10.

Party City Holdco (NYSE:PRTY) last issued its quarterly earnings data on Thursday, November 10th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $557 million for the quarter, compared to the consensus estimate of $589.84 million. Party City Holdco had a return on equity of 14.62% and a net margin of 5.13%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. Equities analysts forecast that Party City Holdco will post $1.19 earnings per share for the current fiscal year.

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.

5 Day Chart for NYSE:PRTY

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