Party City Holdco (NYSE:PRTY) released its quarterly earnings data on Thursday. The specialty retailer reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.09), MarketWatch Earnings reports. Party City Holdco had a net margin of 9.20% and a return on equity of 15.36%. The business had revenue of $553.00 million during the quarter, compared to the consensus estimate of $591.77 million. During the same period last year, the business posted $0.13 earnings per share. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. Party City Holdco updated its FY 2018 guidance to $1.60-1.65 EPS and its FY18 guidance to $1.60-1.65 EPS.

Shares of PRTY stock traded up $0.06 on Friday, hitting $10.06. The stock had a trading volume of 4,667,084 shares, compared to its average volume of 1,998,955. The company has a market cap of $966.70 million, a P/E ratio of 8.38, a P/E/G ratio of 0.25 and a beta of 2.19. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.27 and a quick ratio of 0.36. Party City Holdco has a 12-month low of $8.24 and a 12-month high of $16.95.

Several brokerages have recently commented on PRTY. Credit Suisse Group set a $16.00 target price on shares of Party City Holdco and gave the company a “buy” rating in a report on Friday. Deutsche Bank set a $12.00 target price on shares of Party City Holdco and gave the company a “buy” rating in a report on Friday. Telsey Advisory Group lowered their target price on shares of Party City Holdco from $19.00 to $15.00 and set an “outperform” rating for the company in a report on Friday. Barclays upgraded shares of Party City Holdco from an “equal weight” rating to an “overweight” rating and set a $16.00 target price for the company in a report on Friday. Finally, ValuEngine downgraded shares of Party City Holdco from a “sell” rating to a “strong sell” rating in a report on Monday, October 29th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Party City Holdco has an average rating of “Buy” and a consensus target price of $17.33.

In related news, Director Gerald C. Rittenberg sold 50,000 shares of the firm’s stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $14.08, for a total transaction of $704,000.00. Following the completion of the sale, the director now owns 3,800 shares in the company, valued at $53,504. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder H. Lee Equity Fund Vi Thomas sold 10,000,000 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $15.50, for a total transaction of $155,000,000.00. The disclosure for this sale can be found here. Corporate insiders own 6.47% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in Party City Holdco by 300.1% during 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 last quarter. The Manufacturers Life Insurance Company increased its holdings in Party City Holdco by 20.7% during the first quarter. The Manufacturers Life Insurance Company now owns 29,199 shares of the specialty retailer’s stock worth $456,000 after buying an additional 5,008 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Party City Holdco by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 42,407 shares of the specialty retailer’s stock worth $646,000 after buying an additional 5,808 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Party City Holdco by 14.9% during the third quarter. PNC Financial Services Group Inc. now owns 45,907 shares of the specialty retailer’s stock worth $623,000 after buying an additional 5,941 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Party City Holdco by 26.3% during the first quarter. Wells Fargo & Company MN now owns 33,039 shares of the specialty retailer’s stock worth $516,000 after buying an additional 6,878 shares during the last quarter.

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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.

Read More: Balance Sheet

Earnings History for Party City Holdco (NYSE:PRTY)

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