Party City Holdco Inc. (NYSE:PRTY) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday, July 11th.

A number of other equities research analysts have also commented on PRTY. Credit Suisse Group set a $19.00 price target on Party City Holdco and gave the company a “buy” rating in a research report on Monday, March 13th. BMO Capital Markets reissued a “market perform” rating and issued a $16.00 price target (down from $18.00) on shares of Party City Holdco in a research report on Wednesday, March 15th. Zacks Investment Research raised Party City Holdco from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Wednesday, May 10th. Finally, TheStreet raised Party City Holdco from a “d+” rating to a “c-” rating in a research report on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Party City Holdco (NYSE PRTY) opened at 14.50 on Tuesday. The company has a 50 day moving average of $15.15 and a 200 day moving average of $14.95. The company has a market capitalization of $1.73 billion, a PE ratio of 14.98 and a beta of 2.69. Party City Holdco has a 1-year low of $12.65 and a 1-year high of $19.10.

Party City Holdco (NYSE:PRTY) last released its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $544.90 million during the quarter, compared to analyst estimates of $545.59 million. Party City Holdco had a return on equity of 14.19% and a net margin of 4.97%. Party City Holdco’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 EPS. On average, analysts predict that Party City Holdco will post $1.28 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in the stock. Millrace Asset Group Inc. raised its stake in shares of Party City Holdco by 55.8% in the first quarter. Millrace Asset Group Inc. now owns 120,000 shares of the specialty retailer’s stock valued at $1,686,000 after buying an additional 43,000 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Party City Holdco by 15.4% in the first quarter. Victory Capital Management Inc. now owns 3,222,061 shares of the specialty retailer’s stock valued at $45,270,000 after buying an additional 430,797 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Party City Holdco by 287.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 445,995 shares of the specialty retailer’s stock valued at $6,333,000 after buying an additional 330,996 shares in the last quarter. Poplar Forest Capital LLC acquired a new stake in shares of Party City Holdco during the first quarter valued at about $518,000. Finally, State Street Corp raised its stake in shares of Party City Holdco by 4.8% in the fourth quarter. State Street Corp now owns 449,574 shares of the specialty retailer’s stock valued at $6,383,000 after buying an additional 20,548 shares in the last quarter.

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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