Party City Holdco Inc (PRTY) is Reiterated by Telsey Advisory Group to Outperform, Raises Price Target to $ 20

Party City Holdco Inc (PRTY) was Reiterated by Telsey Advisory Group to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 20 from a previous price target of $18 . Telsey Advisory Group advised their investors in a research report released on Aug 5, 2016.

Many Wall Street Analysts have commented on Party City Holdco Inc. Company shares were Reiterated by Telsey Advisory Group on Jul 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 18 from a previous price target of $16 .Company shares were Reiterated by Telsey Advisory Group on May 12, 2016 to “Outperform”, Firm has raised the Price Target to $ 16 from a previous price target of $15 .

On the company’s financial health, Party City Holdco Inc reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.19. The company had revenue of $519.40 million for the quarter, compared to analysts expectations of $518.04 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Party City Holdco Inc opened for trading at $17.71 and hit $17.85 on the upside on Thursday, eventually ending the session at $17.63, with a gain of 7.89% or 1.29 points. The heightened volatility saw the trading volume jump to 16,20,913 shares. Company has a market cap of $2,104 M.

In a different news, on Mar 15, 2016, Norman S Matthews (director) purchased 38,000 shares at $12.86 per share price. According to the SEC, on Nov 23, 2015, Gregg A Melnick (President) purchased 8,300 shares at $12.23 per share price. On Nov 17, 2015, James M Harrison (CEO) purchased 10,000 shares at $12.62 per share price, according to the Form-4 filing with the securities and exchange commission.

Party City Holdco Inc. is a designer manufacturer and distributor of decorated party supplies. The Company operates in two segments: Retail and Wholesale. The Company through Retail segment engages in the sale of merchandise through party goods stores and online through its e-commerce Websites including www.PartyCity.com. The Company through Wholesale segment engages in the sale of Amscan Designware Anagram Costumes USA and other party supplies. Its tableware products include plastic plates paper plates plastic cups and paper cups among others. The Company’s favors stationery and other products include party favors gift bags gift wrap invitations bows and stationery. Its decorations products include latex balloons pinatas crepes and flags and banners among others. The Company’s metallic balloons products include bouquets standard 18 inch sing-a-tune supershapes and weights. Its Costumes and Accessories products include costumes other wearables and wigs.

Party City Holdco Inc

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