Party City Holdco Inc (NYSE:PRTY) has received a consensus recommendation of “Hold” from the nine analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $18.83.

Several research firms have recently weighed in on PRTY. ValuEngine lowered Party City Holdco from a “hold” rating to a “sell” rating in a research note on Friday, June 29th. Zacks Investment Research lowered Party City Holdco from a “hold” rating to a “sell” rating in a research note on Friday, July 27th. TheStreet raised Party City Holdco from a “c” rating to a “b-” rating in a research note on Monday, April 16th. Finally, Bank of America raised Party City Holdco from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $17.50 to $20.00 in a research note on Thursday, April 19th.

Shares of PRTY traded down $0.80 during trading hours on Wednesday, hitting $15.10. 8,070,525 shares of the company were exchanged, compared to its average volume of 785,480. The firm has a market cap of $1.52 billion, a PE ratio of 12.58, a P/E/G ratio of 0.41 and a beta of 2.11. The company has a quick ratio of 0.38, a current ratio of 1.27 and a debt-to-equity ratio of 1.57. Party City Holdco has a one year low of $9.50 and a one year high of $16.95.

Party City Holdco (NYSE:PRTY) last released its quarterly earnings data on Thursday, August 9th. The specialty retailer reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. The business had revenue of $561.00 million during the quarter, compared to analyst estimates of $560.95 million. Party City Holdco had a return on equity of 14.56% and a net margin of 9.11%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.28 EPS. equities research analysts anticipate that Party City Holdco will post 1.77 EPS for the current fiscal year.

In other news, Director Gerald C. Rittenberg sold 196,457 shares of the firm’s stock in a transaction on Monday, July 9th. The stock was sold at an average price of $16.00, for a total value of $3,143,312.00. Following the completion of the sale, the director now owns 8,169 shares of the company’s stock, valued at $130,704. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder H. Lee Equity Fund Vi Thomas sold 12,000,000 shares of the firm’s stock in a transaction on Friday, May 18th. The stock was sold at an average price of $15.00, for a total value of $180,000,000.00. The disclosure for this sale can be found here. Company insiders own 6.47% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its position in shares of Party City Holdco by 300.1% in the first quarter. Royal Bank of Canada now owns 6,554 shares of the specialty retailer’s stock worth $101,000 after buying an additional 4,916 shares during the period. Mount Yale Investment Advisors LLC acquired a new stake in shares of Party City Holdco in the first quarter worth $145,000. Gargoyle Investment Advisor L.L.C. acquired a new stake in shares of Party City Holdco in the first quarter worth $156,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Party City Holdco in the second quarter worth $183,000. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Party City Holdco in the fourth quarter worth $191,000. 95.94% of the stock is owned by institutional investors and hedge funds.

Party City Holdco Company Profile

Party City Holdco Inc, through its subsidiaries, designs, manufactures, sources, and distributes party supplies in the United States and internationally. The company operates in two segments, Retail and Wholesale. It offers paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories and novelties, stationery, and decorations.

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Analyst Recommendations for Party City Holdco (NYSE:PRTY)

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