Wall Street analysts predict that Party City Holdco Inc (NYSE:PRTY) will report sales of $816.40 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Party City Holdco’s earnings, with the lowest sales estimate coming in at $813.57 million and the highest estimate coming in at $821.62 million. Party City Holdco posted sales of $789.58 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.4%. The business is expected to announce its next quarterly earnings report on Friday, March 8th.

On average, analysts expect that Party City Holdco will report full year sales of $2.44 billion for the current fiscal year. For the next fiscal year, analysts anticipate that the company will post sales of $2.55 billion, with estimates ranging from $2.52 billion to $2.59 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Party City Holdco.

Party City Holdco (NYSE:PRTY) last announced its quarterly earnings results on Thursday, November 8th. The specialty retailer reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.09). Party City Holdco had a net margin of 8.70% and a return on equity of 14.86%. The business had revenue of $553.00 million for the quarter, compared to analysts’ expectations of $591.77 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Party City Holdco from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 14th. Credit Suisse Group set a $16.00 target price on Party City Holdco and gave the stock a “buy” rating in a report on Friday, November 9th. Deutsche Bank set a $12.00 target price on Party City Holdco and gave the stock a “buy” rating in a report on Friday, November 9th. Telsey Advisory Group reduced their target price on Party City Holdco from $19.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, November 9th. Finally, ValuEngine downgraded Party City Holdco from a “sell” rating to a “strong sell” rating in a report on Friday, October 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.33.

Shares of PRTY stock traded down $0.13 during midday trading on Tuesday, reaching $10.42. 479,482 shares of the stock were exchanged, compared to its average volume of 2,290,418. Party City Holdco has a 1 year low of $8.24 and a 1 year high of $16.95. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.36 and a current ratio of 1.30. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 0.35 and a beta of 2.23.

In other news, Director Gerald C. Rittenberg sold 50,000 shares of the business’s stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $14.08, for a total value of $704,000.00. Following the sale, the director now directly owns 3,800 shares of the company’s stock, valued at approximately $53,504. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gerald C. Rittenberg sold 213,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $11.78, for a total value of $2,511,496.00. Following the completion of the sale, the director now directly owns 221,369 shares in the company, valued at $2,607,726.82. The disclosure for this sale can be found here. Insiders have acquired a total of 106,600 shares of company stock worth $1,115,078 in the last quarter. Company insiders own 6.47% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its position in shares of Party City Holdco by 300.1% in the 1st quarter. Royal Bank of Canada now owns 6,554 shares of the specialty retailer’s stock worth $101,000 after purchasing an additional 4,916 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Party City Holdco in the 3rd quarter valued at approximately $119,000. Commonwealth Bank of Australia bought a new position in Party City Holdco in the 3rd quarter valued at approximately $130,000. Tower Research Capital LLC TRC lifted its position in Party City Holdco by 1,963.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,171 shares of the specialty retailer’s stock valued at $138,000 after acquiring an additional 9,678 shares in the last quarter. Finally, AQR Capital Management LLC bought a new position in Party City Holdco in the 3rd quarter valued at approximately $154,000.

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 and novelties, stationery, and decorations.

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