About Party City Holdco (NYSE:PRTY)
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). PCHI or its direct or indirect subsidiaries conduct all of its operating businesses. The Company operates through two segments: Retail and Wholesale. Its retail operations generate revenue primarily through the sale of its Amscan, Designware, Anagram and Costumes USA party supplies through its Party City stores, Halloween City stores and PartyCity.com. Its wholesale revenues are generated from the sale of party goods for all occasions, including paper and plastic tableware, accessories and novelties, costumes, metallic and latex balloons and stationery.
Industry, Sector and Symbol
Industry Other Specialty Retailers
SectorCyclical Consumer Goods & Services
Trailing P/E Ratio10.46
Forward P/E Ratio10.37
Sales & Book Value
Annual Sales$2.28 billion
Price / Sales0.66
Cash Flow$1.89 per share
Price / Cash6.65
Book Value$8.94 per share
Price / Book1.40
Net Income$117.47 million
Return on Equity13.74%
Return on Assets4.12%
Frequently Asked Questions for Party City Holdco (NYSE:PRTY)
What is Party City Holdco's stock symbol?
Party City Holdco trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRTY."
How will Party City Holdco's stock buyback program work?
Party City Holdco declared that its Board of Directors has authorized a share repurchase plan on Saturday, November 11th 2017, which allows the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.
How were Party City Holdco's earnings last quarter?
Party City Holdco Inc. (NYSE:PRTY) issued its quarterly earnings data on Thursday, November, 9th. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.13. The specialty retailer earned $560.11 million during the quarter, compared to the consensus estimate of $587.74 million. Party City Holdco had a return on equity of 13.74% and a net margin of 4.96%. Party City Holdco's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.12 earnings per share. View Party City Holdco's Earnings History.
When will Party City Holdco make its next earnings announcement?
What guidance has Party City Holdco issued on next quarter's earnings?
Party City Holdco issued an update on its FY17 earnings guidance on Thursday, November, 9th. The company provided earnings per share guidance of $1.21-1.25 for the period, compared to the Thomson Reuters consensus estimate of $1.28. The company issued revenue guidance of $2.36-2.39 billion, compared to the consensus revenue estimate of $2.40 billion.
Where is Party City Holdco's stock going? Where will Party City Holdco's stock price be in 2017?
5 Wall Street analysts have issued 12 month price objectives for Party City Holdco's shares. Their predictions range from $14.00 to $19.00. On average, they anticipate Party City Holdco's share price to reach $15.75 in the next twelve months. View Analyst Ratings for Party City Holdco.
Who are some of Party City Holdco's key competitors?
Who are Party City Holdco's key executives?
Party City Holdco's management team includes the folowing people:
- Gregg A. Melnick, President (Age 47)
- James M. Harrison, Chief Executive Officer, Director (Age 65)
- Daniel J. Sullivan, Chief Financial Officer (Age 48)
- Ryan T. Vero, President of the Party City Retail Group (Age 47)
- Michael A. Correale, Executive Vice President, Chief Accounting Officer, Principal Accounting Officer, Treasurer (Age 59)
- Todd M. Abbrecht, Director (Age 48)
- Jefferson M. Case, Director (Age 39)
- Steven J. Collins, Director (Age 48)
- Uttam K. Jain, Director (Age 37)
- Joshua M. Nelson, Director (Age 44)
When did Party City Holdco IPO?
(PRTY) raised $350 million in an initial public offering on Thursday, April 16th 2015. The company issued 21,900,000 shares at $15.00-$17.00 per share. Goldman Sachs, BofA Merrill Lynch, Credit Suisse and Morgan Stanley served as the underwriters for the IPO and Barclays, Deutsche Bank Securities, J.P. Morgan, William Blair, Stephens and Telsey Advisory Group were co-managers.
Who owns Party City Holdco stock?
Party City Holdco's stock is owned by a number of of retail and institutional investors. Top institutional investors include Neuberger Berman Group LLC (2.78%), Bamco Inc. NY (2.14%), Victory Capital Management Inc. (1.61%), Peregrine Capital Management LLC (1.18%), Rice Hall James & Associates LLC (1.15%) and Mesirow Financial Investment Management Equity Management (0.84%). Company insiders that own Party City Holdco stock include Gerald C Rittenberg, James M Harrison, Michael A Correale, Norman S Matthews and Ryan T Vero. View Institutional Ownership Trends for Party City Holdco.
Who sold Party City Holdco stock? Who is selling Party City Holdco stock?
Party City Holdco's stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Hodges Capital Management Inc., First Trust Advisors LP, Keybank National Association OH, Russell Investments Group Ltd., Corbyn Investment Management Inc. MD, Welch Capital Partners LLC NY and Nationwide Fund Advisors. View Insider Buying and Selling for Party City Holdco.
Who bought Party City Holdco stock? Who is buying Party City Holdco stock?
Party City Holdco's stock was acquired by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Rubric Capital Management LP, Citadel Advisors LLC, Rice Hall James & Associates LLC, Peregrine Capital Management LLC, Bamco Inc. NY, GSA Capital Partners LLP and Mesirow Financial Investment Management Equity Management. Company insiders that have bought Party City Holdco stock in the last two years include James M Harrison, Michael A Correale, Norman S Matthews and Ryan T Vero. View Insider Buying and Selling for Party City Holdco.
How do I buy Party City Holdco stock?
Shares of Party City Holdco can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Party City Holdco's stock price today?
One share of Party City Holdco stock can currently be purchased for approximately $12.55.
How big of a company is Party City Holdco?
Party City Holdco has a market capitalization of $1.50 billion and generates $2.28 billion in revenue each year. The specialty retailer earns $117.47 million in net income (profit) each year or $0.96 on an earnings per share basis. Party City Holdco employs 19,200 workers across the globe.
How can I contact Party City Holdco?
Party City Holdco's mailing address is 80 Grasslands Rd, ELMSFORD, NY 10523-1100, United States. The specialty retailer can be reached via phone at +1-914-3452020 or via email at [email protected].
MarketBeat Community Rating for Party City Holdco (PRTY)MarketBeat's community ratings are surveys of what our community members think about Party City Holdco and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Party City Holdco (NYSE:PRTY) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 1 Hold Rating, 4 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.80)|
|Consensus Price Target: ||$15.75 (25.50% upside)|
Consensus Price Target History for Party City Holdco (NYSE:PRTY)
Analysts' Ratings History for Party City Holdco (NYSE:PRTY)
(Data available from 11/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/14/2017||Morgan Stanley||Lower Price Target||Equal Weight||$15.50 -> $14.00||N/A|
|11/13/2017||J P Morgan Chase & Co||Initiated Coverage||Overweight -> Overweight||$14.00||N/A|
|10/24/2017||BMO Capital Markets||Upgrade||Market Perform -> Outperform||$11.20 -> $16.00||N/A|
|3/13/2017||Credit Suisse Group||Set Price Target||Buy||$19.00||Low|
|2/16/2017||Telsey Advisory Group||Reiterated Rating||Outperform||N/A|
|10/25/2016||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Neutral||$17.00||N/A|
|4/14/2016||Deutsche Bank AG||Reiterated Rating||Buy||N/A|
|3/30/2016||Barclays PLC||Initiated Coverage||Equal Weight||$16.00||N/A|
|12/11/2015||Bank of America Corporation||Downgrade||Buy -> Neutral||$16.00||N/A|
Earnings History and Estimates Chart for Party City Holdco (NYSE:PRTY)
Earnings History by Quarter for Party City Holdco (NYSE PRTY)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|3/8/2018|| || || || || || || || |
|11/9/2017||Q3 2017||$0.13||$0.13||$587.74 million||$560.11 million||View||N/A|
|8/2/2017||Q2 2017||$0.26||$0.28||$545.59 million||$544.90 million||View||Listen|
|5/9/2017||Q1 2017||$0.04||$0.05||$476.91 million||$477.00 million||View||Listen|
|3/9/2017||Q4 2016||$0.74||$0.76||$758.24 million||$749.00 million||View||Listen|
|11/10/2016||Q316||$0.13||$0.12||$589.84 million||$557.00 million||View||N/A|
|8/4/2016||Q216||$0.19||$0.24||$521.07 million||$519.40 million||View||N/A|
|5/12/2016||Q116||$0.03||$0.04||$471.71 million||$458.00 million||View||Listen|
|3/10/2016||Q415||$0.75||$0.76||$784.38 million||$782.00 million||View||Listen|
|11/12/2015||Q315||$0.12||$0.10||$572.57 million||$555.00 million||View||Listen|
|8/13/2015||Q215||$0.12||$0.12||$507.90 million||$495.50 million||View||Listen|
|5/14/2015||Q115||($0.09)||($0.03)||$433.00 million||$462.10 million||View||Listen|
Earnings Estimates for Party City Holdco (NYSE:PRTY)
Current Year EPS Consensus Estimate: $1.21 EPS
Next Year EPS Consensus Estimate: $1.37 EPS
Dividend History for Party City Holdco (NYSE:PRTY)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Party City Holdco (NYSE PRTY)
Insider Ownership Percentage: 5.02%
Insider Trades by Quarter for Party City Holdco (NYSE PRTY)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/16/2017||Michael A Correale||Insider||Buy||5,000||$12.14||$60,700.00|| |
|11/13/2017||James M Harrison||CEO||Buy||20,000||$11.27||$225,400.00|| |
|8/16/2017||Ryan T Vero||Insider||Buy||2,921||$13.70||$40,017.70|| |
|8/8/2017||Gerald C Rittenberg||Director||Sell||70,000||$14.68||$1,027,600.00|| |
|8/4/2017||James M Harrison||CEO||Buy||65,000||$14.50||$942,500.00|| |
|8/8/2016||James M Harrison||CEO||Buy||20,969||$17.94||$376,183.86|| |
|3/14/2016||Norman S Matthews||Director||Buy||38,000||$12.86||$488,680.00|| |
|11/20/2015||Gregg A Melnick||President||Buy||8,300||$12.23||$101,509.00|| |
|11/17/2015||James M Harrison||CEO||Buy||10,000||$12.62||$126,200.00|| |
|11/17/2015||Michael A Correale||CFO||Buy||6,000||$12.12||$72,720.00|| |
Latest Headlines for Party City Holdco (NYSE PRTY)
|PRTY: Insiders Vs. Shorts|
www.thestreet.com - November 18 at 11:03 AM
|Party City Holdco Inc. (PRTY) Insider Michael A. Correale Acquires 5,000 Shares|
www.americanbankingnews.com - November 16 at 9:22 PM
|Party City Holdco Inc. (PRTY) Given New $14.00 Price Target at Morgan Stanley|
www.americanbankingnews.com - November 15 at 12:58 AM
|Party City Holdco Inc. (PRTY) CEO Acquires $225,400.00 in Stock|
www.americanbankingnews.com - November 14 at 8:27 PM
|Party City Holdco's (PRTY) CEO Jim Harrison on Q3 2017 Results - Earnings Call Transcript|
www.msn.com - November 14 at 6:59 AM
|Edited Transcript of PRTY earnings conference call or presentation 9-Nov-17 1:00pm GMT|
finance.yahoo.com - November 14 at 6:59 AM
|Party City Holdco, Inc.: Strong price momentum but will it sustain?|
finance.yahoo.com - November 12 at 11:52 AM
|Share Buyback Program Initiated by Party City Holdco (PRTY) Board of Directors |
www.americanbankingnews.com - November 11 at 11:36 AM
|Zacks Investment Research Lowers Party City Holdco Inc. (PRTY) to Sell|
www.americanbankingnews.com - November 11 at 7:16 AM
|Party City Holdco Inc. (PRTY) Issues Earnings Results, Meets Estimates|
www.americanbankingnews.com - November 9 at 4:52 PM
|Party City Announces Third Quarter 2017 Financial Results; Reports Total Revenue, Retail and Wholesale Sales and ... - Business Wire (press release)|
www.businesswire.com - November 9 at 11:56 AM
|Party City Holdco Inc. (PRTY) Updates FY17 Earnings Guidance|
www.americanbankingnews.com - November 9 at 9:40 AM
| Analysts Expect Party City Holdco Inc. (PRTY) Will Post Quarterly Sales of $587.51 Million|
www.americanbankingnews.com - November 6 at 2:06 AM
|Party City Holdco Inc. (PRTY) Receives Consensus Rating of "Buy" from Brokerages|
www.americanbankingnews.com - November 5 at 5:52 PM
|$0.13 Earnings Per Share Expected for Party City Holdco Inc. (PRTY) This Quarter|
www.americanbankingnews.com - November 4 at 9:26 PM
|Noteworthy Wednesday Option Activity: VMW, PRTY, BLUE - Nasdaq|
www.nasdaq.com - November 2 at 7:56 AM
|Party City Holdco Inc. (PRTY) to Release Earnings on Thursday|
www.americanbankingnews.com - November 2 at 3:50 AM
|Party City Looks Beyond Costumes to Avoid the Seasonal Effects|
finance.yahoo.com - November 1 at 7:41 AM
|Party time at the New York Stock Exchange with Party City|
finance.yahoo.com - October 28 at 2:34 PM
|Party City Holdco (PRTY) vs. Stamps.com (STMP) Head to Head Review|
www.americanbankingnews.com - October 28 at 1:30 AM
|Party City to Report Third Quarter 2017 Financial Results on November 9, 2017 - Business Wire (press release)|
www.businesswire.com - October 27 at 11:30 AM
|Party City to Report Third Quarter 2017 Financial Results on November 9, 2017|
finance.yahoo.com - October 27 at 11:30 AM
|Some Possible Reasons Behind Recent Correction In Party City|
feeds.benzinga.com - October 24 at 3:59 PM
|ETFs with exposure to Party City Holdco, Inc. : October 23, 2017|
finance.yahoo.com - October 24 at 8:49 AM
|Reviewing Stamps.com (STMP) & Party City Holdco (PRTY)|
www.americanbankingnews.com - October 18 at 4:24 PM
|Zacks: Brokerages Expect Party City Holdco Inc. (PRTY) Will Post Quarterly Sales of $587.51 Million|
www.americanbankingnews.com - October 18 at 8:26 AM
|Why Party City Holdco Inc (PRTY) Stock Can Fight Through the Noise - Investorplace.com (blog)|
investorplace.com - October 17 at 6:28 AM
|Why Party City Holdco Inc (PRTY) Stock Can Fight Through the Noise|
investorplace.com - October 16 at 11:54 AM
|Edited Transcript of PRTY earnings conference call or presentation 9-Mar-17 1:00pm GMT|
finance.yahoo.com - October 16 at 3:48 AM
|ValuEngine Upgrades Party City Holdco Inc. (PRTY) to "Buy"|
www.americanbankingnews.com - October 14 at 8:52 AM
|Financial Review: Party City Holdco (PRTY) & Its Rivals|
www.americanbankingnews.com - October 13 at 4:28 AM
|Contrasting Party City Holdco (PRTY) and The Competition|
www.americanbankingnews.com - October 13 at 12:26 AM
|ETFs with exposure to Party City Holdco, Inc. : October 11, 2017|
finance.yahoo.com - October 12 at 8:30 AM
|Party City Holdco Inc. (PRTY) Receives Average Recommendation of "Hold" from Brokerages|
www.americanbankingnews.com - October 11 at 6:36 PM
|Financial Contrast: Party City Holdco (PRTY) vs. Its Peers|
www.americanbankingnews.com - October 11 at 8:38 AM
|Party City Holdco, Inc. :PRTY-US: Earnings Analysis: Q2, 2017 By the Numbers : October 10, 2017|
finance.yahoo.com - October 11 at 6:45 AM
|Zacks Investment Research Downgrades Party City Holdco Inc. (PRTY) to Hold|
www.americanbankingnews.com - October 8 at 9:56 PM
|Zacks Value Investor Highlights: Cintas, Travelport Worldwide, Sally Beauty and Party City|
finance.yahoo.com - October 5 at 5:30 PM
|Halloween 2017: Party City Set To Benefit From What Might Be A Record Year In Spooky Specialty Spending - Benzinga|
www.benzinga.com - October 3 at 11:07 AM
|Stamps.com (STMP) & Party City Holdco (PRTY) Head-To-Head Comparison|
www.americanbankingnews.com - October 2 at 4:20 PM
| Brokerages Anticipate Party City Holdco Inc. (PRTY) Will Post Quarterly Sales of $587.51 Million|
www.americanbankingnews.com - September 29 at 5:30 AM
|Party City to hire 25,000 seasonal employees for Halloween|
www.marketwatch.com - September 28 at 7:46 PM
| Analysts Expect Party City Holdco Inc. (PRTY) Will Announce Earnings of $0.13 Per Share|
www.americanbankingnews.com - September 27 at 4:30 PM
|Party City Holdco (PRTY) and Its Rivals Critical Contrast|
www.americanbankingnews.com - September 16 at 8:24 PM
|Party City Holdco Inc. (PRTY) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - September 16 at 6:48 PM
|$587.51 Million in Sales Expected for Party City Holdco Inc. (PRTY) This Quarter|
www.americanbankingnews.com - September 10 at 1:56 AM
|Will Party City Holdco Inc. (PRTY) Make a Suitable Value Pick Right Now?|
finance.yahoo.com - September 8 at 7:18 AM
|Critical Contrast: Party City Holdco (PRTY) versus Rent-A-Center (RCII)|
www.americanbankingnews.com - September 6 at 6:20 AM
|Party City Announces Participation in the Goldman Sachs 24th Annual Global Retailing Conference|
finance.yahoo.com - August 31 at 8:59 AM
|Critical Analysis: Sally Beauty Holdings (SBH) and Party City Holdco (PRTY)|
www.americanbankingnews.com - August 29 at 12:10 PM
Party City Holdco (NYSE PRTY) Chart for Thursday, November, 23, 2017