Party City Holdco (NYSE:PRTY) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Tuesday.

A number of other analysts have also issued reports on the stock. TheStreet lowered shares of Party City Holdco from a “b-” rating to a “c” rating in a research note on Thursday, October 11th. Morgan Stanley dropped their price target on shares of Party City Holdco from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, October 11th. JPMorgan Chase & Co. set a $19.00 price target on shares of Party City Holdco and gave the stock a “buy” rating in a research note on Monday, October 1st. Zacks Investment Research lowered shares of Party City Holdco from a “hold” rating to a “sell” rating in a research note on Friday, July 27th. Finally, Barclays upgraded shares of Party City Holdco from an “equal weight” rating to an “overweight” rating and set a $16.00 price target for the company in a research note on Friday, November 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $17.33.

Shares of NYSE:PRTY opened at $10.80 on Tuesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.30 and a quick ratio of 0.36. The firm has a market capitalization of $1.12 billion, a P/E ratio of 9.00, a P/E/G ratio of 0.35 and a beta of 2.19. Party City Holdco has a 12-month low of $8.24 and a 12-month high of $16.95.

Party City Holdco (NYSE:PRTY) last issued its quarterly earnings results on Thursday, November 8th. The specialty retailer reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.09). The company had revenue of $553.00 million during the quarter, compared to the consensus estimate of $591.77 million. Party City Holdco had a return on equity of 14.86% and a net margin of 8.70%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. Equities research analysts predict that Party City Holdco will post 1.62 earnings per share for the current year.

In other Party City Holdco news, CEO James M. Harrison bought 50,000 shares of the stock in a transaction on Monday, November 12th. The stock was purchased at an average price of $10.09 per share, for a total transaction of $504,500.00. Following the completion of the purchase, the chief executive officer now directly owns 97,054 shares in the company, valued at $979,274.86. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William S. Creekmuir bought 5,700 shares of the stock in a transaction on Friday, November 16th. The shares were acquired at an average price of $11.45 per share, with a total value of $65,265.00. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 106,600 shares of company stock valued at $1,115,078. 6.47% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in PRTY. Wells Fargo & Company MN increased its stake 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 valued at $516,000 after purchasing an additional 6,878 shares during the last quarter. California State Teachers Retirement System increased its stake in Party City Holdco by 23.0% during the first quarter. California State Teachers Retirement System now owns 53,307 shares of the specialty retailer’s stock valued at $832,000 after purchasing an additional 9,981 shares during the last quarter. Royal Bank of Canada increased its stake 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 valued at $101,000 after purchasing an additional 4,916 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Party City Holdco during the second quarter valued at $283,000. Finally, Hodges Capital Management Inc. bought a new stake in Party City Holdco during the second quarter valued at $9,023,000. Hedge funds and other institutional investors own 99.55% of the company’s stock.

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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