Party City Holdco (NYSE:PRTY) Earns Daily News Sentiment Score of 0.06

Headlines about Party City Holdco (NYSE:PRTY) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Party City Holdco earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned media stories about the specialty retailer an impact score of 46.2284945995756 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment’s analysis:

PRTY has been the topic of several research reports. ValuEngine lowered shares of Party City Holdco from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. Bank of America raised shares of Party City Holdco from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $17.50 to $20.00 in a report on Thursday, April 19th. TheStreet upgraded shares of Party City Holdco from a “c” rating to a “b-” rating in a research report on Monday, April 16th. Finally, Zacks Investment Research downgraded shares of Party City Holdco from a “hold” rating to a “sell” rating in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.29.

Party City Holdco opened at $15.10 on Friday, according to Marketbeat.com. The firm has a market capitalization of $1.52 billion, a PE ratio of 12.58, a PEG ratio of 0.41 and a beta of 2.11. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.27 and a quick ratio of 0.38. Party City Holdco has a 1 year low of $9.50 and a 1 year high of $16.95.

Party City Holdco (NYSE:PRTY) last posted its quarterly earnings results on Thursday, August 9th. The specialty retailer reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.01. The company had revenue of $561.00 million during the quarter, compared to analyst estimates of $560.95 million. Party City Holdco had a net margin of 9.11% and a return on equity of 14.56%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. analysts forecast that Party City Holdco will post 1.77 earnings per share for the current fiscal year.

In related news, Director Gerald C. Rittenberg sold 196,457 shares of the firm’s stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $16.00, for a total value of $3,143,312.00. Following the sale, the director now directly owns 8,169 shares of the company’s stock, valued at $130,704. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder H. Lee Equity Fund Vi Thomas sold 12,000,000 shares of the firm’s stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $15.00, for a total transaction of $180,000,000.00. The disclosure for this sale can be found here. 6.47% of the stock is owned by company insiders.

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 and novelties, stationery, and decorations.

Recommended Story: Average Daily Trade Volume Explained

Insider Buying and Selling by Quarter for Party City Holdco (NYSE:PRTY)

Receive News & Ratings for Party City Holdco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Party City Holdco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply