Wall Street brokerages forecast that Party City Holdco Inc (NYSE:PRTY) will report sales of $519.89 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 $515.11 million and the highest estimate coming in at $525.95 million. Party City Holdco reported sales of $507.82 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.4%. The company is expected to announce its next quarterly earnings results on Wednesday, May 8th.

According to Zacks, analysts expect that Party City Holdco will report full-year sales of $2.52 billion for the current fiscal year, with estimates ranging from $2.51 billion to $2.52 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.60 billion, with estimates ranging from $2.57 billion to $2.61 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Party City Holdco.

Party City Holdco (NYSE:PRTY) last issued its quarterly earnings results on Thursday, February 28th. The specialty retailer reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.01). Party City Holdco had a return on equity of 15.63% and a net margin of 5.08%.

Several research firms have issued reports on PRTY. Zacks Investment Research upgraded Party City Holdco from a “sell” rating to a “hold” rating in a research report on Saturday, March 2nd. JPMorgan Chase & Co. cut Party City Holdco from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $14.00 to $12.00 in a research report on Friday, March 1st. Telsey Advisory Group reiterated an “outperform” rating and issued a $14.00 price objective (down previously from $15.00) on shares of Party City Holdco in a research report on Friday, March 1st. Finally, ValuEngine upgraded Party City Holdco from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $15.00.

In other Party City Holdco news, Director Gerald C. Rittenberg sold 50,000 shares of the stock in a transaction 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 completion of the transaction, the director now owns 3,800 shares in the company, valued at $53,504. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.47% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Gs Investments Inc. increased its position 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 valued at $75,000 after buying an additional 1,000 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Party City Holdco by 67.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,537 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 1,024 shares in the last quarter. Legal & General Group Plc increased its position in shares of Party City Holdco by 14.7% in the fourth quarter. Legal & General Group Plc now owns 9,991 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 1,284 shares in the last quarter. First Trust Advisors LP increased its position in shares of Party City Holdco by 0.5% in the fourth quarter. First Trust Advisors LP now owns 301,708 shares of the specialty retailer’s stock valued at $3,011,000 after buying an additional 1,453 shares in the last quarter. Finally, Gilman Hill Asset Management LLC increased its position in shares of Party City Holdco by 4.8% in the fourth quarter. Gilman Hill Asset Management LLC now owns 42,150 shares of the specialty retailer’s stock valued at $421,000 after buying an additional 1,922 shares in the last quarter.

Shares of NYSE PRTY opened at $8.41 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.44 and a quick ratio of 0.38. Party City Holdco has a 1-year low of $7.95 and a 1-year high of $16.95. The firm has a market cap of $787.68 million, a P/E ratio of 5.29, a P/E/G ratio of 0.25 and a beta of 2.01.

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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