Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Party City Holdco (PRTY) Share Price
News articles about Party City Holdco (NYSE:PRTY) have trended somewhat positive on Tuesday, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Party City Holdco earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news stories about the specialty retailer an impact score of 45.6236293945133 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the headlines that may have effected Accern’s analysis:
- Party City Holdco Inc. (PRTY) Expected to Post Earnings of $0.77 Per Share (americanbankingnews.com)
- Party City CEO: Our consumer wants an experiential celebr… (finance.yahoo.com)
- Party City Slides on Surprise Secondary Offering (finance.yahoo.com)
- Why Party City Holdco Inc Stock Slipped Today (finance.yahoo.com)
- Why Party City Holdco Inc. Stock Is Plunging Today (investorplace.com)
A number of equities research analysts recently weighed in on PRTY shares. BMO Capital Markets raised shares of Party City Holdco from a “market perform” rating to an “outperform” rating and raised their target price for the company from $11.20 to $16.00 in a research note on Tuesday, October 24th. ValuEngine raised shares of Party City Holdco from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research raised shares of Party City Holdco from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Wednesday, August 30th. Morgan Stanley lowered their target price on shares of Party City Holdco from $17.00 to $15.50 and set an “equal weight” rating on the stock in a research note on Wednesday, November 8th. Finally, J P Morgan Chase & Co started coverage on shares of Party City Holdco in a research note on Monday, November 13th. They issued an “overweight” rating and a $14.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $15.60.
Party City Holdco (NYSE PRTY) opened at $12.25 on Tuesday. The company has a market cap of $1,480.00 and a P/E ratio of 10.38. Party City Holdco has a one year low of $9.50 and a one year high of $17.45. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.51 and a current ratio of 1.64.
Party City Holdco (NYSE:PRTY) last posted its quarterly earnings results on Thursday, November 9th. The specialty retailer reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The firm had revenue of $560.11 million for the quarter, compared to the consensus estimate of $587.74 million. Party City Holdco had a net margin of 4.96% and a return on equity of 13.74%. The business’s revenue was up .6% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. sell-side analysts predict that Party City Holdco will post 1.21 EPS for the current fiscal year.
Party City Holdco declared that its board has approved a stock repurchase program on Thursday, November 9th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
In other Party City Holdco news, CEO James M. Harrison purchased 20,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were purchased at an average cost of $11.27 per share, with a total value of $225,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael A. Correale purchased 5,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were acquired at an average cost of $12.14 per share, for a total transaction of $60,700.00. Following the completion of the purchase, the insider now directly owns 79,756 shares of the company’s stock, valued at approximately $968,237.84. The disclosure for this purchase can be found here. Company insiders own 5.02% of the company’s stock.
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Party City Holdco Company Profile
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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