Party City Holdco (NYSE:PRTY) had its target price decreased by Bank of America from $14.50 to $10.00 in a report released on Friday morning, BenzingaRatingsTable reports. Bank of America currently has a buy rating on the specialty retailer’s stock.
Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Party City Holdco from a hold rating to a sell rating in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on Party City Holdco from $11.00 to $8.00 and set a neutral rating for the company in a research report on Tuesday, July 9th. Finally, Goldman Sachs Group upgraded Party City Holdco from a neutral rating to a buy rating and reduced their price target for the company from $10.00 to $8.00 in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $12.03.
PRTY stock traded up $0.09 during trading on Friday, hitting $4.74. 3,819,195 shares of the company traded hands, compared to its average volume of 2,045,908. The stock’s 50-day moving average is $6.48. The company has a current ratio of 1.16, a quick ratio of 0.28 and a debt-to-equity ratio of 2.28. The firm has a market capitalization of $533.66 million, a P/E ratio of 2.98, a PEG ratio of 0.23 and a beta of 1.30. Party City Holdco has a 1 year low of $4.41 and a 1 year high of $15.75.
A number of institutional investors and hedge funds have recently modified their holdings of PRTY. Public Employees Retirement System of Ohio grew its holdings in 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 purchasing an additional 1,024 shares during the period. Bank of Montreal Can acquired a new stake in Party City Holdco in the second quarter valued at approximately $42,000. Investors Research Corp acquired a new stake in Party City Holdco in the first quarter valued at approximately $71,000. Hodges Capital Management Inc. acquired a new stake in Party City Holdco in the first quarter valued at approximately $79,000. Finally, Legal & General Group Plc grew its holdings in 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 purchasing an additional 1,284 shares during the period.
About Party City Holdco
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.
Receive News & Ratings for Party City Holdco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Party City Holdco and related companies with MarketBeat.com's FREE daily email newsletter.