Party City Holdco (PRTY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Party City Holdco (NYSE:PRTY) from a sell rating to a hold rating in a research report released on Wednesday morning, Zacks.com reports.

According to Zacks, “Party City Holdco Inc. is involved in designs, manufactures, contracts for manufacture and distributes party goods, including paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts and stationery. It also operates specialty retail party supply stores primarily in the United States and Canada. Party City Holdco Inc. is based in Elmsford, New York. “

PRTY has been the subject of a number of other reports. JPMorgan Chase & Co. lowered shares of Party City Holdco from an overweight rating to a neutral rating and lowered their price target for the company from $14.00 to $12.00 in a report on Friday, March 1st. ValuEngine raised shares of Party City Holdco from a strong sell rating to a sell rating in a report on Thursday, February 28th. Finally, Telsey Advisory Group reaffirmed an outperform rating and set a $14.00 price target (down from $15.00) on shares of Party City Holdco in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Party City Holdco presently has a consensus rating of Hold and an average target price of $14.17.

Party City Holdco stock opened at $8.03 on Wednesday. Party City Holdco has a 52-week low of $6.28 and a 52-week high of $16.95. The firm has a market capitalization of $753.13 million, a PE ratio of 5.11, a price-to-earnings-growth ratio of 0.32 and a beta of 1.84. The company has a quick ratio of 0.28, a current ratio of 1.16 and a debt-to-equity ratio of 2.28.

Party City Holdco (NYSE:PRTY) last released its quarterly earnings data on Thursday, May 9th. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Party City Holdco had a net margin of 3.87% and a return on equity of 14.84%. The company had revenue of $513.12 million during the quarter, compared to analyst estimates of $522.59 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Research analysts anticipate that Party City Holdco will post 1.67 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its stake in Party City Holdco by 67.7% during the 4th 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 last quarter. Gs Investments Inc. boosted its stake in Party City Holdco by 15.4% during the 4th quarter. Gs Investments Inc. now owns 7,500 shares of the specialty retailer’s stock valued at $75,000 after acquiring an additional 1,000 shares during the last quarter. Legal & General Group Plc boosted its stake in Party City Holdco by 67.1% during the 3rd quarter. Legal & General Group Plc now owns 8,707 shares of the specialty retailer’s stock valued at $118,000 after acquiring an additional 3,497 shares during the last quarter. Investors Research Corp bought a new position in Party City Holdco during the 1st quarter valued at $71,000. Finally, SEI Investments Co boosted its stake in Party City Holdco by 44.8% during the 1st quarter. SEI Investments Co now owns 9,839 shares of the specialty retailer’s stock valued at $76,000 after acquiring an additional 3,046 shares during 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.

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