Party City Holdco (NYSE:PRTY) released its quarterly earnings results on Friday. The specialty retailer reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80, Morningstar.com reports. The business had revenue of $789.60 million during the quarter, compared to analyst estimates of $781.30 million. Party City Holdco had a return on equity of 13.74% and a net margin of 4.96%. Party City Holdco’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 EPS. Party City Holdco updated its FY18 guidance to $1.76-1.87 EPS.
Party City Holdco (PRTY) opened at $15.65 on Friday. Party City Holdco has a 52-week low of $9.50 and a 52-week high of $17.05. The stock has a market capitalization of $1,867.39, a P/E ratio of 12.62, a PEG ratio of 0.40 and a beta of 2.37. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.64 and a quick ratio of 0.51.
A number of research analysts have commented on PRTY shares. Zacks Investment Research lowered Party City Holdco from a “hold” rating to a “sell” rating in a research report on Saturday, November 11th. JPMorgan Chase & Co. started coverage on Party City Holdco in a research report on Monday, November 13th. They set an “overweight” rating and a $14.00 price target for the company. Morgan Stanley lowered their price target on Party City Holdco from $15.50 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 14th. ValuEngine raised Party City Holdco from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Finally, Telsey Advisory Group upped their price target on Party City Holdco from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Party City Holdco has an average rating of “Hold” and an average price target of $17.25.
Large investors have recently made changes to their positions in the company. ZWJ Investment Counsel Inc. bought a new position in shares of Party City Holdco in the 4th quarter worth approximately $167,000. Stone Ridge Asset Management LLC bought a new position in shares of Party City Holdco in the 4th quarter worth approximately $168,000. SG Americas Securities LLC bought a new position in shares of Party City Holdco in the 3rd quarter worth approximately $176,000. MetLife Investment Advisors LLC bought a new position in shares of Party City Holdco in the 4th quarter worth approximately $191,000. Finally, Voya Investment Management LLC bought a new position in shares of Party City Holdco in the 2nd quarter worth approximately $202,000. 83.62% of the stock is owned by hedge funds and other institutional investors.
Party City Holdco Company Profile
Party City Holdco Inc is a holding company with no operating assets or operations. As of December 31, 2016, the Company owned PC Nextco Holdings, LLC (PC Nextco), which owned PC Intermediate Holdings, Inc (PC Intermediate). As of December 31, 2016, PC Intermediate owned Party City Holdings Inc (PCHI).
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