Party City Holdco Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Party City Holdco in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Party City Holdco stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PRTY, but not buy additional shares or sell existing shares.
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1 analysts have issued 12 month target prices for Party City Holdco's stock. Their PRTY stock forecasts range from $9.00 to $9.00. On average, they expect Party City Holdco's share price to reach $9.00 in the next twelve months. This suggests a possible upside of 571.6% from the stock's current price.
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Party City Holdco's stock was trading at $5.57 at the beginning of the year. Since then, PRTY shares have decreased by 75.9% and is now trading at $1.34.
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Party City Holdco saw a drop in short interest in the month of June. As of June 15th, there was short interest totaling 12,300,000 shares, a drop of 29.6% from the May 31st total of 17,470,000 shares. Based on an average daily volume of 4,820,000 shares, the short-interest ratio is presently 2.6 days. Currently, 11.7% of the shares of the company are sold short.
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Party City Holdco is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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Party City Holdco Inc. (NYSE:PRTY) posted its earnings results on Monday, May, 9th. The specialty retailer reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.12) by $0.10. The specialty retailer had revenue of $432.98 million for the quarter, compared to the consensus estimate of $435.80 million. Party City Holdco had a positive trailing twelve-month return on equity of 68.71% and a negative net margin of 0.89%. During the same period in the prior year, the company posted ($0.05) EPS.
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Party City Holdco updated its FY 2022 earnings guidance on Monday, June, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.23 billion-$2.30 billion, compared to the consensus revenue estimate of $2.30 billion.

133 employees have rated Party City Holdco CEO Jim Harrison on Glassdoor.com. Jim Harrison has an approval rating of 51% among Party City Holdco's employees. This puts Jim Harrison in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Party City Holdco include EZCORP (EZPW), Mudrick Capital Acquisition Co. II (MUDS), PLBY Group (PLBY), RealReal (REAL), Live Ventures (LIVE), NuZee (NUZE), Winc (WBEV), IGS Capital Group (IGSC), Aiadvertising (AIAD), CloudCommerce (CLWD), Integrated Ventures (INTV), Kallo (KALO), Global Acquisitions (AASP), Ferrellgas Partners (FGPRQ) and Sky Resort International (SKYL).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Party City Holdco investors own include Coty (COTY), Carnival Co. & (CCL), Bank of America (BAC), Designer Brands (DBI), Sorrento Therapeutics (SRNE), Invesco Mortgage Capital (IVR), American Airlines Group (AAL), Energy Transfer (ET), Exxon Mobil (XOM) and ADMA Biologics (ADMA).

(PRTY) raised $350 million in an initial public offering on Thursday, April 16th 2015. The company issued 21,900,000 shares at a price of $15.00-$17.00 per share. Goldman Sachs, BofA Merrill Lynch, Credit Suisse and Morgan Stanley acted as the underwriters for the IPO and Barclays, Deutsche Bank Securities, J.P. Morgan, William Blair, Stephens and Telsey Advisory Group were co-managers.

Party City Holdco trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRTY."

Shares of PRTY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PRTY stock can currently be purchased for approximately $1.34.

Party City Holdco (NYSE:PRTY) has a market capitalization of $150.74 million and generates $2.17 billion in revenue each year. The specialty retailer earns $-6,530,000.00 in net income (profit) each year or ($0.17) on an earnings per share basis.

Party City Holdco employs 16,500 workers across the globe.

Party City Holdco's mailing address is 80 GRASSLANDS ROAD, ELMSFORD NY, 10523. The official website for Party City Holdco is www.partycity.com. The specialty retailer can be reached via phone at (914) 345-2020, via email at investorrelations@partycity.com, or via fax at 302-655-5049.