Party City Holdco Inc (PRTY) Receives $15.00 Consensus Target Price from Brokerages

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Party City Holdco Inc (NYSE:PRTY) has received a consensus rating 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 rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $14.17.

A number of research analysts recently commented on the stock. Zacks Investment Research raised shares of Party City Holdco from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 10th. JPMorgan Chase & Co. downgraded shares of Party City Holdco from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $14.00 to $12.00 in a research report on Friday, March 1st. ValuEngine raised shares of Party City Holdco from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 9th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $14.00 price objective (down from $15.00) on shares of Party City Holdco in a research report on Friday, March 1st.

Shares of Party City Holdco stock traded down $0.47 during trading on Monday, hitting $7.68. The stock had a trading volume of 1,686,000 shares, compared to its average volume of 1,508,838. The company has a market cap of $764.39 million, a P/E ratio of 4.83, a price-to-earnings-growth ratio of 0.33 and a beta of 1.96. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.44 and a quick ratio of 0.38. Party City Holdco has a 1 year low of $7.56 and a 1 year high of $16.95.

Party City Holdco (NYSE:PRTY) last released its earnings results on Thursday, February 28th. The specialty retailer reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.01). Party City Holdco had a return on equity of 15.63% and a net margin of 5.08%. On average, analysts expect that Party City Holdco will post 1.65 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Gs Investments Inc. grew its position in Party City Holdco by 15.4% during the fourth quarter. Gs Investments Inc. now owns 7,500 shares of the specialty retailer’s stock valued at $75,000 after purchasing an additional 1,000 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Party City Holdco by 67.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,537 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 1,024 shares in the last quarter. Legal & General Group Plc grew its position in Party City Holdco by 14.7% in the fourth quarter. Legal & General Group Plc now owns 9,991 shares of the specialty retailer’s stock worth $100,000 after acquiring an additional 1,284 shares in the last quarter. First Trust Advisors LP grew its position in Party City Holdco by 0.5% in the fourth quarter. First Trust Advisors LP now owns 301,708 shares of the specialty retailer’s stock worth $3,011,000 after acquiring an additional 1,453 shares in the last quarter. Finally, Gilman Hill Asset Management LLC grew its position in Party City Holdco by 4.8% in the fourth quarter. Gilman Hill Asset Management LLC now owns 42,150 shares of the specialty retailer’s stock worth $421,000 after acquiring an additional 1,922 shares in the last quarter.

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, novelties, gifts, and stationery.

See Also: Mutual Funds

Analyst Recommendations for Party City Holdco (NYSE:PRTY)

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