Party City Holdco Target of Unusually Large Options Trading (PRTY)

Party City Holdco Inc (NYSE:PRTY) saw some unusual options trading on Wednesday. Stock traders acquired 15,835 call options on the stock. This represents an increase of 2,374% compared to the typical daily volume of 640 call options.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Party City Holdco from a “sell” rating to a “hold” rating in a research note on Saturday, March 2nd. Telsey Advisory Group reiterated an “outperform” rating and set a $14.00 price objective (down previously from $15.00) on shares of Party City Holdco in a research note on Friday, March 1st. JPMorgan Chase & Co. cut Party City Holdco from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $14.00 to $12.00 in a research note on Friday, March 1st. Finally, ValuEngine upgraded Party City Holdco from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Party City Holdco presently has a consensus rating of “Hold” and a consensus price target of $14.17.

Shares of NYSE:PRTY opened at $7.26 on Thursday. The firm has a market cap of $658.41 million, a price-to-earnings ratio of 4.57, a P/E/G ratio of 0.27 and a beta of 1.84. Party City Holdco has a 12-month low of $6.28 and a 12-month high of $16.95. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.44 and a quick ratio of 0.38.

Party City Holdco (NYSE:PRTY) last announced its quarterly earnings data on Thursday, February 28th. The specialty retailer reported $1.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.08. The business had revenue of $805.63 million during the quarter, compared to analysts’ expectations of $815.54 million. Party City Holdco had a return on equity of 15.63% and a net margin of 5.08%. As a group, research analysts anticipate that Party City Holdco will post 1.65 EPS for the current year.

A number of large investors have recently made changes to their positions in the business. Neuberger Berman Group LLC raised its stake in shares of Party City Holdco by 6.6% in the third quarter. Neuberger Berman Group LLC now owns 7,035,882 shares of the specialty retailer’s stock worth $95,334,000 after purchasing an additional 435,513 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Party City Holdco by 29.8% in the third quarter. Vanguard Group Inc. now owns 4,901,062 shares of the specialty retailer’s stock worth $66,410,000 after purchasing an additional 1,123,782 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Party City Holdco by 29.8% in the third quarter. Vanguard Group Inc now owns 4,901,062 shares of the specialty retailer’s stock worth $66,410,000 after purchasing an additional 1,123,782 shares during the last quarter. Nantahala Capital Management LLC raised its stake in shares of Party City Holdco by 84.9% in the fourth quarter. Nantahala Capital Management LLC now owns 4,379,789 shares of the specialty retailer’s stock worth $43,710,000 after purchasing an additional 2,010,906 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Party City Holdco by 5.8% in the fourth quarter. Jennison Associates LLC now owns 4,287,244 shares of the specialty retailer’s stock worth $42,787,000 after purchasing an additional 235,639 shares during the last quarter.

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Party City Holdco Company Profile

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.

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