Party City Holdco (NYSE:PRTY)‘s stock had its “outperform” rating reaffirmed by investment analysts at Telsey Advisory Group in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They currently have a $19.00 target price on the specialty retailer’s stock, up from their prior target price of $17.00. Telsey Advisory Group’s price objective indicates a potential upside of 25.41% from the company’s previous close.

PRTY has been the subject of several other reports. Zacks Investment Research cut Party City Holdco from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Morgan Stanley reduced their price objective on Party City Holdco from $15.50 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 14th. Bank of America raised their target price on Party City Holdco from $13.50 to $15.50 and gave the stock a “neutral” rating in a research report on Wednesday, December 27th. JPMorgan Chase & Co. initiated coverage on Party City Holdco in a research report on Monday, November 13th. They issued an “overweight” rating and a $14.00 target price for the company. Finally, ValuEngine raised Party City Holdco from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $16.14.

Shares of Party City Holdco (PRTY) traded up $0.10 during mid-day trading on Thursday, reaching $15.15. The company’s stock had a trading volume of 244,763 shares, compared to its average volume of 1,050,000. Party City Holdco has a one year low of $9.50 and a one year high of $17.05. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.51 and a current ratio of 1.64. The firm has a market capitalization of $1,810.00 and a P/E ratio of 15.78.

Party City Holdco (NYSE:PRTY) last announced its quarterly earnings results on Thursday, November 9th. The specialty retailer reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. Party City Holdco had a return on equity of 13.74% and a net margin of 4.96%. The company had revenue of $560.11 million for the quarter, compared to the consensus estimate of $587.74 million. During the same quarter last year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. sell-side analysts expect that Party City Holdco will post 1.21 earnings per share for the current fiscal year.

Party City Holdco declared that its Board of Directors has approved a stock repurchase program on Thursday, November 9th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

In related news, insider Michael A. Correale acquired 5,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was bought at an average cost of $12.14 per share, with a total value of $60,700.00. Following the completion of the acquisition, the insider now owns 79,756 shares in the company, valued at $968,237.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO James M. Harrison acquired 20,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were bought at an average cost of $11.27 per share, with a total value of $225,400.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 22,642,979 shares of company stock valued at $277,826,948. 5.02% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of PRTY. Russell Investments Group Ltd. lifted its holdings in shares of Party City Holdco by 1,255.2% during the second quarter. Russell Investments Group Ltd. now owns 53,857 shares of the specialty retailer’s stock valued at $843,000 after acquiring an additional 49,883 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Party City Holdco by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 97,405 shares of the specialty retailer’s stock valued at $1,525,000 after acquiring an additional 608 shares during the period. Rhumbline Advisers lifted its holdings in shares of Party City Holdco by 7.6% during the second quarter. Rhumbline Advisers now owns 33,211 shares of the specialty retailer’s stock valued at $520,000 after acquiring an additional 2,360 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Party City Holdco by 7.0% during the second quarter. Bank of New York Mellon Corp now owns 191,945 shares of the specialty retailer’s stock valued at $3,004,000 after acquiring an additional 12,484 shares during the period. Finally, Pacad Investment Ltd. lifted its holdings in shares of Party City Holdco by 6.1% during the second quarter. Pacad Investment Ltd. now owns 12,100 shares of the specialty retailer’s stock valued at $189,000 after acquiring an additional 700 shares during the period.

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Party City Holdco Company Profile

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).

Analyst Recommendations for Party City Holdco (NYSE:PRTY)

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