Press coverage about Party City Holdco (NYSE:PRTY) has trended somewhat positive on Monday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Party City Holdco earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave media headlines about the specialty retailer an impact score of 46.0181952773954 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
NYSE:PRTY opened at $15.50 on Monday. Party City Holdco has a fifty-two week low of $9.50 and a fifty-two week high of $17.05. The firm has a market cap of $1,849.49, a P/E ratio of 12.92, a P/E/G ratio of 0.41 and a beta of 2.18. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.40 and a current ratio of 1.29.
Party City Holdco (NYSE:PRTY) last released its quarterly earnings results on Friday, March 9th. The specialty retailer reported $0.80 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.80. The company had revenue of $789.60 million for the quarter, compared to analyst estimates of $781.30 million. Party City Holdco had a return on equity of 14.14% and a net margin of 9.08%. 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 firm posted $0.76 EPS. sell-side analysts forecast that Party City Holdco will post 1.81 EPS for the current year.
PRTY has been the topic of several recent research reports. JPMorgan Chase cut Party City Holdco from an “overweight” rating to a “hold” rating and upped their price objective for the stock from $16.00 to $17.00 in a report on Monday, March 19th. ValuEngine lowered Party City Holdco from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Bank of America increased their price target on Party City Holdco from $13.50 to $15.50 and gave the company a “neutral” rating in a report on Wednesday, December 27th. Zacks Investment Research lowered Party City Holdco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 14th. Finally, Stephens restated a “buy” rating and set a $23.00 price target on shares of Party City Holdco in a report on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $17.71.
In other Party City Holdco news, Director Gerald C. Rittenberg sold 239,000 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $15.38, for a total value of $3,675,820.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.02% of the company’s stock.
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About Party City Holdco
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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