Party City Holdco Inc (NYSE:PRTY) CFO Michael A. Correale bought 24,300 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average price of $4.13 per share, for a total transaction of $100,359.00. Following the completion of the acquisition, the chief financial officer now directly owns 114,481 shares in the company, valued at $472,806.53. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of PRTY stock traded down $0.04 during trading hours on Thursday, reaching $4.21. 3,093,600 shares of the stock traded hands, compared to its average volume of 1,775,429. Party City Holdco Inc has a 1-year low of $4.07 and a 1-year high of $15.75. The business has a fifty day moving average price of $6.19 and a 200 day moving average price of $8.01. The company has a quick ratio of 0.28, a current ratio of 1.16 and a debt-to-equity ratio of 2.28. The firm has a market capitalization of $401.37 million, a PE ratio of 2.65, a PEG ratio of 0.23 and a beta of 1.30.

Party City Holdco (NYSE:PRTY) last released its quarterly earnings results on Thursday, August 8th. The specialty retailer reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.16). Party City Holdco had a net margin of 4.67% and a return on equity of 12.88%. The firm had revenue of $563.90 million for the quarter, compared to analyst estimates of $572.14 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The firm’s revenue was up .5% compared to the same quarter last year. Research analysts expect that Party City Holdco Inc will post 1.29 earnings per share for the current fiscal year.

A number of analysts recently commented on PRTY shares. Goldman Sachs Group upgraded shares of Party City Holdco from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $10.00 to $8.00 in a report on Wednesday, July 24th. JPMorgan Chase & Co. dropped their target price on shares of Party City Holdco from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Bank of America dropped their target price on shares of Party City Holdco from $14.50 to $10.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Zacks Investment Research downgraded shares of Party City Holdco from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $12.03.

Several hedge funds have recently added to or reduced their stakes in PRTY. Public Employees Retirement System of Ohio raised its holdings in shares of Party City Holdco by 67.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,537 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 1,024 shares during the period. Bank of Montreal Can acquired a new position in Party City Holdco in the 2nd quarter valued at approximately $42,000. Investors Research Corp acquired a new position in Party City Holdco in the 1st quarter valued at approximately $71,000. Hodges Capital Management Inc. acquired a new position in Party City Holdco in the 1st quarter valued at approximately $79,000. Finally, Legal & General Group Plc increased its stake in Party City Holdco by 14.7% in the 4th quarter. Legal & General Group Plc now owns 9,991 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 1,284 shares during the period.

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.

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