Brokerages predict that Party City Holdco Inc. (NYSE:PRTY) will post $787.40 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Party City Holdco’s earnings. The lowest sales estimate is $782.10 million and the highest is $792.69 million. Party City Holdco reported sales of $749.29 million in the same quarter last year, which indicates a positive year over year growth rate of 5.1%. The company is scheduled to report its next quarterly earnings report on Thursday, March 8th.

According to Zacks, analysts expect that Party City Holdco will report full-year sales of $787.40 million for the current financial year, with estimates ranging from $2.36 billion to $2.37 billion. For the next financial year, analysts forecast that the firm will report sales of $2.46 billion per share, with estimates ranging from $2.43 billion to $2.49 billion. Zacks Investment Research’s sales averages 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 released its quarterly earnings results on Thursday, November 9th. The specialty retailer reported $0.13 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The company had revenue of $560.11 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share.

PRTY has been the topic of several analyst reports. Zacks Investment Research lowered shares of Party City Holdco from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. ValuEngine raised shares of Party City Holdco from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. Morgan Stanley dropped their price target on shares of Party City Holdco from $17.00 to $15.50 and set an “equal weight” rating on the stock in a research report on Wednesday, November 8th. Finally, BMO Capital Markets raised shares of Party City Holdco from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $11.20 to $16.00 in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $15.60.

In other Party City Holdco news, CEO James M. Harrison acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of $11.27 per share, for a total transaction of $225,400.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael A. Correale purchased 5,000 shares of the stock in a transaction on Thursday, November 16th. The shares were purchased at an average price of $12.14 per share, with a total value of $60,700.00. Following the acquisition, the insider now owns 79,756 shares in the company, valued at approximately $968,237.84. The disclosure for this purchase can be found here. 5.02% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC increased its stake in shares of Party City Holdco by 0.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 70,088 shares of the specialty retailer’s stock valued at $1,097,000 after acquiring an additional 205 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Party City Holdco by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 97,405 shares of the specialty retailer’s stock valued at $1,525,000 after acquiring an additional 608 shares in the last quarter. Pacad Investment Ltd. increased its stake in shares of Party City Holdco by 6.1% in the 2nd quarter. Pacad Investment Ltd. now owns 12,100 shares of the specialty retailer’s stock valued at $189,000 after acquiring an additional 700 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Party City Holdco by 14.0% in the 1st quarter. Legal & General Group Plc now owns 7,190 shares of the specialty retailer’s stock valued at $101,000 after acquiring an additional 881 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Party City Holdco by 3.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,032 shares of the specialty retailer’s stock valued at $392,000 after acquiring an additional 894 shares in the last quarter.

Party City Holdco (PRTY) opened at $12.65 on Wednesday. Party City Holdco has a 1-year low of $9.50 and a 1-year high of $17.05. The company has a market cap of $1,473.63, a price-to-earnings ratio of 10.38, a P/E/G ratio of 1.03 and a beta of 2.71. The company has a current ratio of 1.64, a quick ratio of 0.51 and a debt-to-equity ratio of 1.43.

Party City Holdco declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 9th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the specialty retailer to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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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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