Party City Holdco (NYSE:PRTY) Earning Somewhat Positive Press Coverage, Analysis Shows
Headlines about Party City Holdco (NYSE:PRTY) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Party City Holdco earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned press coverage about the specialty retailer an impact score of 45.9336129842439 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Party City Holdco Inc. (NYSE:PRTY) Director Sells $1,027,600.00 in Stock (americanbankingnews.com)
- Insiders Buying, Short Interest Falling Party City Holdco Inc. (NYSE:PRTY) (modernreaders.com)
- James M. Harrison Acquires 65,000 Shares of Party City Holdco Inc (PRTY) Stock (americanbankingnews.com)
- Zacks Investment Research Upgrades Party City Holdco Inc. (PRTY) to Buy (americanbankingnews.com)
Several brokerages have recently weighed in on PRTY. Zacks Investment Research upgraded shares of Party City Holdco from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Saturday, August 5th. BMO Capital Markets set a $16.00 price objective on shares of Party City Holdco and gave the stock a “hold” rating in a report on Thursday, August 3rd. ValuEngine lowered shares of Party City Holdco from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, BidaskClub lowered shares of Party City Holdco from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.00.
Shares of Party City Holdco (NYSE PRTY) traded down 1.74% on Friday, hitting $14.10. 377,170 shares of the stock traded hands. Party City Holdco has a one year low of $12.65 and a one year high of $19.10. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 14.57 and a beta of 2.69. The company’s 50 day moving average is $14.90 and its 200 day moving average is $14.93.
Party City Holdco (NYSE:PRTY) last announced its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The business had revenue of $544.90 million during the quarter, compared to analyst estimates of $545.59 million. Party City Holdco had a return on equity of 13.97% and a net margin of 4.97%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS. On average, equities analysts forecast that Party City Holdco will post $1.28 EPS for the current year.
In related news, Director Gerald C. Rittenberg sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $14.68, for a total value of $1,027,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO James M. Harrison acquired 65,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was bought at an average cost of $14.50 per share, for a total transaction of $942,500.00. Following the completion of the purchase, the chief executive officer now directly owns 969 shares in the company, valued at approximately $14,050.50. The disclosure for this purchase can be found here. 5.02% of the stock is owned by insiders.
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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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