Party City Holdco Inc. (PRTY) Is A Buy Stock For Small Caps – Analysts

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Party City Holdco Inc. (NYSE:PRTY) has a beta value of 3.63 and has seen 2.38 million shares traded in the last trading session. The company, currently valued at $724.75M, closed the last trade at $6.30 per share which meant it lost -$0.09 on the day or -1.41% during that session. The PRTY stock price is -75.56% off its 52-week high price of $11.06 and 23.02% above the 52-week low of $4.85. The 3-month trading volume is 2.88 million shares.

The consensus among analysts is that Party City Holdco Inc. (PRTY) is a Hold stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 2 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.41.

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Sporting -1.41% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/10/22 when the PRTY stock price touched $6.30 or saw a rise of 8.16%. Year-to-date, Party City Holdco Inc. shares have moved 13.11%, while the 5-day performance has seen it change 4.13%. Over the past 30 days, the shares of Party City Holdco Inc. (NYSE:PRTY) have changed 4.13%.

Wall Street analysts have a consensus price target for the stock at $9.50, which means that the shares’ value could jump 33.68% from current levels. The projected low price target is $9.00 while the price target rests at a high of $10.00. In that case, then, we find that the current price level is -58.73% off the targeted high while a plunge would see the stock gain -42.86% from current levels.

Party City Holdco Inc. (PRTY) estimates and forecasts

Figures show that Party City Holdco Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -30.39% over the past 6 months, with this year growth rate of 242.86%, compared to 10.40% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 64.00% and 100.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 17.70%.

2 analysts offering their estimates for the company have set an average revenue estimate of $705.4 million for the current quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -4.02% over the past 5 years. Earnings growth for 2022 is a modest 8.20% while over the next 5 years, the company’s earnings are expected to increase by 12.58%.

PRTY Dividends

Party City Holdco Inc. is expected to release its next earnings report between March 09 and March 14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Party City Holdco Inc. (NYSE:PRTY)’s Major holders

Insiders own 5.52% of the company shares, while shares held by institutions stand at 74.77% with a share float percentage of 79.14%. Investors are also buoyed by the number of investors in a company, with Party City Holdco Inc. having a total of 178 institutions that hold shares in the company. The top two institutional holders are CAS Investment Partners, LLC with over 15.99 million shares worth more than $113.51 million. As of Sep 29, 2021, CAS Investment Partners, LLC held 14.25% of shares outstanding.

The other major institutional holder is Morgan Stanley, with the holding of over 8.78 million shares as of Sep 29, 2021. The firm’s total holdings are worth over $62.37 million and represent 7.83% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Morgan Stanley Inst Fund Inc-Inception Port and Vanguard Total Stock Market Index Fund. As of Sep 29, 2021, the former fund manager holds about 4.59% shares in the company for having 5.15 million shares of worth $36.6 million while later fund manager owns 2.9 million shares of worth $20.57 million as of Sep 29, 2021, which makes it owner of about 2.58% of company’s outstanding stock.