Party City Holdco (NYSE:PRTY) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.

Several other equities analysts have also commented on PRTY. Zacks Investment Research lowered Party City Holdco from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. TheStreet lowered Party City Holdco from a “b-” rating to a “c” rating in a research report on Thursday, October 11th. Morgan Stanley lowered their price objective on Party City Holdco from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, October 11th. Finally, JPMorgan Chase & Co. set a $19.00 price target on Party City Holdco and gave the stock a “buy” rating in a research report on Monday, October 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Party City Holdco presently has a consensus rating of “Hold” and a consensus price target of $19.33.

Shares of Party City Holdco stock opened at $11.12 on Thursday. The company has a quick ratio of 0.36, a current ratio of 1.27 and a debt-to-equity ratio of 1.54. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 0.29 and a beta of 2.07. Party City Holdco has a 12 month low of $9.50 and a 12 month high of $16.95.

Party City Holdco (NYSE:PRTY) last announced its quarterly earnings data on Thursday, August 9th. The specialty retailer reported $0.40 EPS for the quarter, beating 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 15.36% and a net margin of 9.20%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. Sell-side analysts anticipate that Party City Holdco will post 1.83 EPS for the current year.

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

Several institutional investors and hedge funds have recently bought and sold shares of PRTY. Wells Fargo & Company MN increased its holdings in Party City Holdco by 26.3% in the 1st 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 in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Party City Holdco by 29.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 171,391 shares of the specialty retailer’s stock valued at $2,674,000 after purchasing an additional 38,901 shares during the period. Northern Trust Corp grew its stake in shares of Party City Holdco by 27.0% during the 1st quarter. Northern Trust Corp now owns 447,044 shares of the specialty retailer’s stock valued at $6,974,000 after purchasing an additional 95,137 shares during the period. BlackRock Inc. grew its stake in shares of Party City Holdco by 17.6% during the 1st quarter. BlackRock Inc. now owns 2,093,468 shares of the specialty retailer’s stock valued at $32,659,000 after purchasing an additional 312,921 shares during the period. Finally, Citigroup Inc. grew its stake in shares of Party City Holdco by 7,620.0% during the 1st quarter. Citigroup Inc. now owns 18,142 shares of the specialty retailer’s stock valued at $283,000 after purchasing an additional 17,907 shares during the period.

About Party City Holdco

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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