Party City Holdco Inc (PRTY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Party City Holdco Inc (NYSE:PRTY) have received an average rating of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $15.00.

Several research firms have issued reports on PRTY. Zacks Investment Research upgraded shares of Party City Holdco from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 10th. ValuEngine raised shares of Party City Holdco from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 9th. JPMorgan Chase & Co. lowered shares of Party City Holdco from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $14.00 to $12.00 in a report on Friday, March 1st. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $14.00 price target (down previously from $15.00) on shares of Party City Holdco in a report on Friday, March 1st.

Institutional investors have recently made changes to their positions in the business. Gs Investments Inc. grew its holdings in shares of Party City Holdco by 15.4% in the fourth quarter. Gs Investments Inc. now owns 7,500 shares of the specialty retailer’s stock worth $75,000 after purchasing an additional 1,000 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of 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 worth $25,000 after acquiring an additional 1,024 shares during the period. Legal & General Group Plc raised its holdings in shares of Party City Holdco by 14.7% during the 4th quarter. Legal & General Group Plc now owns 9,991 shares of the specialty retailer’s stock worth $100,000 after acquiring an additional 1,284 shares during the period. First Trust Advisors LP raised its holdings in shares of Party City Holdco by 0.5% during the 4th quarter. First Trust Advisors LP now owns 301,708 shares of the specialty retailer’s stock worth $3,011,000 after acquiring an additional 1,453 shares during the period. Finally, Gilman Hill Asset Management LLC raised its holdings in shares of Party City Holdco by 4.8% during the 4th quarter. Gilman Hill Asset Management LLC now owns 42,150 shares of the specialty retailer’s stock worth $421,000 after acquiring an additional 1,922 shares during the period.

Shares of PRTY stock traded down $0.12 during trading on Monday, reaching $7.89. 9,709 shares of the company’s stock traded hands, compared to its average volume of 1,747,936. The stock has a market capitalization of $739.91 million, a P/E ratio of 4.92, a PEG ratio of 0.25 and a beta of 1.96. The company has a current ratio of 1.44, a quick ratio of 0.38 and a debt-to-equity ratio of 1.55. Party City Holdco has a 1 year low of $7.56 and a 1 year high of $16.95.

Party City Holdco (NYSE:PRTY) last announced its quarterly earnings results on Thursday, February 28th. The specialty retailer reported $1.08 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.01). Party City Holdco had a net margin of 5.08% and a return on equity of 15.63%. On average, equities analysts predict that Party City Holdco will post 1.65 EPS for the current year.

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, novelties, gifts, and stationery.

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Analyst Recommendations for Party City Holdco (NYSE:PRTY)

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