Party City Holdco Inc (NYSE:PRTY) CEO James M. Harrison acquired 125,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was purchased at an average price of $4.53 per share, with a total value of $566,250.00. Following the transaction, the chief executive officer now owns 114,074 shares of the company’s stock, valued at approximately $516,755.22. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
PRTY stock opened at $4.21 on Friday. The stock has a market capitalization of $401.37 million, a P/E ratio of 2.65, a P/E/G ratio of 0.23 and a beta of 1.30. The firm has a 50-day simple moving average of $6.19 and a 200-day simple moving average 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. Party City Holdco Inc has a 52 week low of $4.07 and a 52 week high of $15.75.
Party City Holdco (NYSE:PRTY) last released its earnings results on Thursday, August 8th. The specialty retailer reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.16). The company had revenue of $563.90 million for the quarter, compared to analysts’ expectations of $572.14 million. Party City Holdco had a return on equity of 12.88% and a net margin of 4.67%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 EPS. On average, analysts expect that Party City Holdco Inc will post 1.29 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. Elk Creek Partners LLC grew its stake in Party City Holdco by 9.1% during the 1st quarter. Elk Creek Partners LLC now owns 1,030,909 shares of the specialty retailer’s stock valued at $8,185,000 after acquiring an additional 86,215 shares in the last quarter. Investors Research Corp purchased a new stake in Party City Holdco during the 1st quarter valued at about $71,000. Campbell & CO Investment Adviser LLC purchased a new stake in Party City Holdco during the 1st quarter valued at about $155,000. Gilman Hill Asset Management LLC grew its stake in Party City Holdco by 7.6% during the 1st quarter. Gilman Hill Asset Management LLC now owns 45,358 shares of the specialty retailer’s stock valued at $360,000 after acquiring an additional 3,208 shares in the last quarter. Finally, Sapience Investments LLC grew its stake in Party City Holdco by 26.2% during the 1st quarter. Sapience Investments LLC now owns 784,050 shares of the specialty retailer’s stock valued at $6,225,000 after acquiring an additional 162,700 shares in the last quarter.
A number of research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Party City Holdco from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Bank of America decreased their price objective on shares of Party City Holdco from $14.50 to $10.00 and set a “buy” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. decreased their price objective on shares of Party City Holdco from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, Goldman Sachs Group upgraded shares of Party City Holdco from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $10.00 to $8.00 in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.03.
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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