News coverage about Party City Holdco (NYSE:PRTY) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Party City Holdco earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the specialty retailer an impact score of 45.5407877445987 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Party time at the New York Stock Exchange with Party City (finance.yahoo.com)
- Party City Holdco (PRTY) vs. Stamps.com (STMP) Head to Head Review (americanbankingnews.com)
- Party City to Report Third Quarter 2017 Financial Results on November 9, 2017 – Business Wire (press release) (businesswire.com)
- Some Possible Reasons Behind Recent Correction In Party City (feeds.benzinga.com)
Party City Holdco (PRTY) traded down 1.26% during trading on Friday, hitting $11.75. 625,135 shares of the company traded hands. Party City Holdco has a 52 week low of $10.80 and a 52 week high of $17.70. The company’s 50 day moving average is $12.92 and its 200-day moving average is $14.52. The stock has a market capitalization of $1.40 billion, a PE ratio of 12.14 and a beta of 2.66.
Party City Holdco (NYSE:PRTY) last released its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.02. The company had revenue of $544.90 million for the quarter, compared to the consensus estimate of $545.59 million. Party City Holdco had a net margin of 4.97% and a return on equity of 13.97%. Party City Holdco’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Analysts predict that Party City Holdco will post $1.28 earnings per share for the current year.
A number of equities analysts have recently commented on the stock. BidaskClub lowered shares of Party City Holdco from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. BMO Capital Markets set a $16.00 price target on shares of Party City Holdco and gave the stock a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research raised shares of Party City Holdco from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Friday, September 8th. Finally, ValuEngine lowered shares of Party City Holdco from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $16.67.
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In other Party City Holdco news, insider Ryan T. Vero purchased 2,921 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were bought at an average price of $13.70 per share, with a total value of $40,017.70. Following the completion of the purchase, the insider now directly owns 2,921 shares in the company, valued at $40,017.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald C. Rittenberg sold 70,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $14.68, for a total transaction of $1,027,600.00. The disclosure for this sale can be found here. 5.02% of the stock is owned by corporate insiders.
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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