BMO Capital Markets reaffirmed their market perform rating on shares of Party City Holdco Inc (NYSE:PRTY) in a report issued on Wednesday. They currently have a $16.00 price objective on the stock, down from their prior price objective of $18.00.
Several other analysts also recently commented on PRTY. Zacks Investment Research upgraded shares of Party City Holdco from a sell rating to a hold rating in a research report on Saturday, January 14th. TheStreet downgraded shares of Party City Holdco from a c- rating to a d+ rating in a research report on Friday, January 13th. Telsey Advisory Group restated an outperform rating on shares of Party City Holdco in a research report on Thursday, February 16th. Finally, Credit Suisse Group AG set a $19.00 price objective on shares of Party City Holdco and gave the company a buy rating in a research report on Monday, March 13th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Party City Holdco currently has a consensus rating of Hold and a consensus price target of $18.00.
Shares of Party City Holdco (NYSE:PRTY) opened at 13.85 on Wednesday. The firm has a 50-day moving average of $14.56 and a 200 day moving average of $15.64. Party City Holdco has a 1-year low of $12.05 and a 1-year high of $19.10. The company has a market capitalization of $1.66 billion, a P/E ratio of 14.13 and a beta of 2.85.
Party City Holdco (NYSE:PRTY) last announced its quarterly earnings data on Thursday, March 9th. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.02. The firm had revenue of $749 million for the quarter, compared to the consensus estimate of $758.24 million. Party City Holdco had a net margin of 5.13% and a return on equity of 14.62%. The company’s revenue was down 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.76 EPS. On average, analysts anticipate that Party City Holdco will post $1.27 EPS for the current year.
A number of institutional investors have recently bought and sold shares of PRTY. Victory Capital Management Inc. bought a new position in Party City Holdco during the third quarter valued at $28,694,000. Peregrine Capital Management LLC bought a new position in Party City Holdco during the third quarter valued at $21,601,000. Hodges Capital Management Inc. boosted its position in Party City Holdco by 95.4% in the fourth quarter. Hodges Capital Management Inc. now owns 907,615 shares of the company’s stock valued at $12,888,000 after buying an additional 443,070 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Party City Holdco by 711.3% in the third quarter. Bank of New York Mellon Corp now owns 772,925 shares of the company’s stock valued at $13,233,000 after buying an additional 677,658 shares during the last quarter. Finally, State Street Corp boosted its position in Party City Holdco by 4.8% in the fourth quarter. State Street Corp now owns 449,574 shares of the company’s stock valued at $6,383,000 after buying an additional 20,548 shares during the last quarter. 96.89% of the stock is owned by institutional investors.
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.