PRTY - Party City Holdco Inc.

NYSE - NYSE Delayed Price. Currency in USD
3.0200
+0.2600 (+9.42%)
At close: 4:02PM EST
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Previous Close2.7600
Open2.8200
Bid3.0200 x 1800
Ask3.2200 x 3100
Day's Range2.7900 - 3.1700
52 Week Range1.5200 - 12.3700
Volume7,689,002
Avg. Volume5,048,374
Market Cap285.274M
Beta (5Y Monthly)1.20
PE Ratio (TTM)N/A
EPS (TTM)-1.7690
Earnings DateFeb 25, 2020 - Mar 01, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est4.63
  • Are Insiders Buying Party City Holdco Inc. (NYSE:PRTY) Stock?
    Simply Wall St.

    Are Insiders Buying Party City Holdco Inc. (NYSE:PRTY) Stock?

    It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

  • GlobeNewswire

    Party City Announces Appointment of Todd Vogensen as Chief Financial Officer

    Party City Holdco Inc. (PRTY) today announced that Todd Vogensen has been appointed as Chief Financial Officer of Party City Holdco Inc. (“PCHI”), effective February 3, 2020. Mr. Vogensen brings nearly three decades of financial management expertise to the executive team, having played a pivotal role in strategically growing multiple U.S. public consumer companies. In his new role at Party City Holdco Inc., Mr. Vogensen will report directly to James M. Harrison, Chief Executive Officer of PCHI, and will oversee all aspects of finance, business development and investor relations while helping to develop and execute the Company's multi-channel growth strategy.

  • GlobeNewswire

    Party City Announces Participation in the 2020 ICR Conference

    ELMSFORD, N.Y., Jan. 07, 2020 -- Party City Holdco Inc. (NYSE: PRTY) today announced that the Company is scheduled to present at the 2020 ICR Conference in Orlando, Florida, on.

  • Implied Volatility Surging for Party City (PRTY) Stock Options
    Zacks

    Implied Volatility Surging for Party City (PRTY) Stock Options

    Investors need to pay close attention to Party City (PRTY) stock based on the movements in the options market lately.

  • Is the Options Market Predicting a Spike in Party City (PRTY) Stock?
    Zacks

    Is the Options Market Predicting a Spike in Party City (PRTY) Stock?

    Investors need to pay close attention to Party City (PRTY) stock based on the movements in the options market lately.

  • Is Party City Holdco Inc (PRTY) A Good Stock To Buy?
    Insider Monkey

    Is Party City Holdco Inc (PRTY) A Good Stock To Buy?

    Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts, usually don't make them change their opinion towards a company. This time it may be different. During the fourth quarter of 2018 we observed increased volatility and a 20% drop in […]

  • Thomson Reuters StreetEvents

    Edited Transcript of PRTY earnings conference call or presentation 7-Nov-19 1:00pm GMT

    Q3 2019 Party City Holdco Inc Earnings Call

  • 3 Earnings Losers From Q3 Reports
    InvestorPlace

    3 Earnings Losers From Q3 Reports

    Third quarter earnings season boosted U.S. stocks. Broad market indices reached all-time highs and kept gaining until a modest speed bump in recent sessions. But not every stock participated in the rally.Indeed, several well-known names stumbled badly after their third-quarter reports, including Home Depot (NYSE:HD) and Yum! Brands (NYSE:YUM). But the news was even worse for the biggest earnings losers in the third quarter. * 10 Best-Performing Growth Stocks of the 2010s These three stocks aren't necessarily the stocks that saw the biggest decline after earnings, though one of them is. But for all three companies, third-quarter earnings materially and negatively changed the long-term outlook. Intrepid investors may look to buy the dip -- but after these reports, significant caution is advised.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Party City (PRTY)Source: Shutterstock Among stocks with a market capitalization above $100 million, Party City (NYSE:PRTY) appears to have posted the largest post-earnings decline after Q3. PRTY stock fell a stunning 67% in a single session after posting a surprise loss and cutting its full-year outlook for the second time.There is an intriguing case to step into the decline. Party City stock looks ridiculously cheap at roughly 2x -- yes, just two times -- its earnings per share guidance for 2019. A helium shortage has limited Party City's sales, taking 210 basis points off same-store sales in the third quarter. Brick-and-mortar retail is a fraught business at the moment, but Party City does sell through Amazon (NASDAQ:AMZN) and e-commerce competition in its vertical would seem to be limited.Investors haven't bought the dip, however: PRTY stock actually is down another 12% from its post-earnings close. And there are significant risks. Most notably, Party City has a potentially dangerous debt load of just over $2 billion. That's more than 6x the company's guided Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) -- a dangerously high multiple.And that debt colors the story here. Retailer Michaels Companies (NASDAQ:MIK) too trades below 3x forward earnings -- with a lighter, if still risky, debt load. Investors have shown in recent years that they don't trust retailers in general, and particularly those with debt concerns. Party City has a long road ahead to change that opinion. Pinterest (PINS)Source: Nopparat Khokthong / Shutterstock.com Pinterest (NYSE:PINS) picked the wrong time to provide disappointing guidance. As growth stocks generally were struggling in late October, the company missed Wall Street estimates for revenue and gave a below-expected outlook.PINS stock already had declined heading into the report amid valuation concerns. It dropped another 17% after earnings, and the pressure has continued. Pinterest stock sits near its all-time low, and now trades below its initial public offering price of $19.Here, too, there's a case for stepping in, as Will Ashworth argued last month. Pinterest still is posting impressive revenue growth. Adjusted EBITDA turned positive in the quarter. Q3 results don't necessarily look disastrous, but rather closer to modestly disappointing.And there are echoes of Snap (NYSE:SNAP) in the report. Slower U.S. user growth is a concern, as it was for Snap not long after its IPO. International monetization disappointed in the early going for both companies. In the Q3 release, Pinterest's CEO cited a redesign of the site and app in the quarter, akin to what Snap did back in 2017. SNAP stock would fall below its IPO price and keep falling. * 7 Energy Stocks That Are Still Worth Buying In 2020 Of course, in retrospect it seems like Snap's redesign was the right move all along, and SNAP stock has been one of the market's best in 2019. The concern here is that even if history repeats itself, PINS story looks like a 2020 story at best, and a falling knife in the meantime. Dollar Tree (DLTR)Source: digitalreflections / Shutterstock.com Dollar Tree (NASDAQ:DLTR), too, picked the wrong time for disappointing guidance, but for different reasons. While weak earnings and soft guidance made Dollar Tree one of the biggest earnings losers from Q3, its rivals were posting impressive numbers.Indeed, Dollar General (NYSE:DG) just this week beat analyst expectations and raised full-year guidance. Walmart (NYSE:WMT) posted a strong quarter. So did Target (NYSE:TGT). It certainly looks like consumer spending on the low-to-middle end of the spectrum is strong. It also appears that Dollar Tree is losing share.In that context, a 15% sell-off to a 2019 low hardly seems surprising. And while DLTR stock has posted a modest rally in recent sessions, this doesn't look like a "buy the dip" scenario. As tough as retail is at the moment, it seems safest to stick with the winners. And, at least for now, Dollar Tree doesn't look like one of those winners.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best-Performing Growth Stocks of the 2010s * 10 Stocks With Little or No Debt to Own for the Next 50 Years * 5 Restaurant Stocks Dominating Holiday Season Foot Traffic The post 3 Earnings Losers From Q3 Reports appeared first on InvestorPlace.

  • PR Newswire

    Investor Alert: Kaplan Fox Investigates Party City

    NEW YORK , Nov. 13, 2019 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP ( www.kaplanfox.com ) has been investigating claims on behalf of investors who purchased the shares and bonds of Party City Holdco Inc. ...

  • Does Party City Holdco Inc.'s (NYSE:PRTY) CEO Salary Reflect Performance?
    Simply Wall St.

    Does Party City Holdco Inc.'s (NYSE:PRTY) CEO Salary Reflect Performance?

    Jim Harrison became the CEO of Party City Holdco Inc. (NYSE:PRTY) in 2014. This analysis aims first to contrast CEO...

  • MarketWatch

    Party City's stock plunges after disclosing largest shareholder's distribution of entire stake

    Shares of Party City Holdco Inc. plunged 12% toward a record low in permarket trading Wednesday after the party goods retailer disclosed that funds affiliated with its largest shareholder Thomas H. Lee Partners L.P. (THL) made a distribution of its entire 35.7 million share stake, with 29.66 million shares going to certain limited partners of the THL funds and 6.05 million shares going to the general partner. The shares will be subject to a 15-day lock-up. Private-equity firm THL was Party City's largest shareholder with a 37.8% stake as of Sept. 30, according to FactSet data. As a result of the distribution, THL will no longer have the right to nominate Party City board members, while current THL directors Todd Abbrecht and Douglas Haber plan to remain on the board. Party City's stock had suffered a record selloff of 67% on Nov. 7 to a record low after the company reported a surprise third-quarter loss and slashed its full-year outlook. The stock has plummeted 78.4% year to date through Tuesday, while the S&P 500 has climbed 23.3%.

  • Are Options Traders Betting on a Big Move in Party City (PRTY) Stock?
    Zacks

    Are Options Traders Betting on a Big Move in Party City (PRTY) Stock?

    Investors need to pay close attention to Party City (PRTY) stock based on the movements in the options market lately.

  • Party City stock deflated as the ‘temporary’ helium problem didn’t go away
    MarketWatch

    Party City stock deflated as the ‘temporary’ helium problem didn’t go away

    Shares of Party City Holdco Inc. lost two-thirds of their value Thursday, after the party goods retailer reported a surprise third-quarter loss and slashed its full-year outlook, but it’s not just because of the helium shortage, which has lasted a year longer than originally expected.

  • Halloween scare: Party City plunges after slashing annual targets again
    Reuters

    Halloween scare: Party City plunges after slashing annual targets again

    The retailer, which sells decorated party goods such as balloons and costumes in the United States, said sales of Halloween party supplies in the third quarter, including October, fell 3.2% from a year earlier. "We are carefully analyzing our Halloween results and addressing the underlying issues and opportunities we have identified to improve the business going forward," Chief Executive Officer James Harrison said in a statement. Halloween, which fell on Oct. 31 this year, is one of the busiest holidays for party supplies retailers, when customers shop for everything from decorations to costumes.

  • MarketWatch

    Party City's stock rocked after surprise loss, revenue miss and guidance cut

    Shares of Party City Holdco Inc. plummeted 41% in premarket trading, putting them on track to open at a record low, after the party goods retailer reported a surprise third-quarter loss, revenue that fell more than expected and cut its full-year outlook, citing negative effects of helium shortages and weak Halloween sales. The company reported late-Wednesday a net loss that widened to $39.7 million, or $3.02 a share, from a loss of $2.0 million, or 3 cents a share, in the year-ago period. Excluding non-recurring items, such as charges relate to its store-optimization program, the adjusted loss per share was 28 cents, compared with the FactSet consensus of breakeven. Revenue fell 2.3% to $540.2 million, below the FactSet consensus of $551.0 million. Branded same-store sales decreased 2.6%, with a 210 basis point (2.1 percentage points) headwind from the helium shortage. Halloween product sales for the quarter and the month of October combined fell 3.2%. The company cut its 2019 guidance ranges for adjusted EPS to 84 cents to 91 cents from $1.26 to $1.36 and for revenue to $2.35 billion to $2.38 billion from $2.40 billion to $2.45 billion. The stock had tumbled 39% year to date through Wednesday, while the SPDR S&P Retail ETF had advanced 9.2% and the S&P 500 had climbed 23%.

  • GlobeNewswire

    Party City Announces Third Quarter 2019 Financial Results; Total Revenue for Fiscal October 2019  

    ELMSFORD, N.Y., Nov. 07, 2019 -- Party City Holdco Inc. (NYSE:PRTY) today announced financial results for the third quarter ended September 30, 2019, as well as total revenue.

  • Analysts Estimate Party City (PRTY) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Party City (PRTY) to Report a Decline in Earnings: What to Look Out for

    Party City (PRTY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Hedge Funds Are Selling Party City Holdco Inc (PRTY)
    Insider Monkey

    Hedge Funds Are Selling Party City Holdco Inc (PRTY)

    Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter of 2018. Trends reversed 180 degrees during the first half of 2019 amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a […]

  • GlobeNewswire

    Party City to Report Third Quarter 2019 Financial Results on November 7, 2019

    ELMSFORD, N.Y., Oct. 24, 2019 -- Party City Holdco Inc. (NYSE:PRTY) today announced that its third quarter 2019 financial results will be released prior to market open on.

  • Americans are spending almost half a billion dollars on Halloween costumes for their pets
    MarketWatch

    Americans are spending almost half a billion dollars on Halloween costumes for their pets

    Halloween — or should we say Howl-o-ween — is going to the dogs. Americans will spend $490 million on costumes for their pets this Halloween, according to the National Retail Federation, which is more than double what they dropped to dress their dogs, cats and other critters in 2010. Sara Ochoa is one of the 29 million people getting her furbaby into costume for the occasion.

  • 6 Spooky Stocks to Consider for Halloween
    GuruFocus.com

    6 Spooky Stocks to Consider for Halloween

    Retailers, confectioners among companies that profit the most off of the fall holiday Continue reading...

  • GlobeNewswire

    Party City Completes Sale of Canadian Retail Business to Canadian Tire

    Party City Holdco Inc. (PRTY) (“Party City” or the “Company”), today announced that it has completed the previously announced sale of its Canadian retail business to Canadian Tire Corporation, Limited (CTC.TO) (“Canadian Tire”). Through the transaction, Canadian Tire acquired Party City’s 65 Canada–based retail store locations in an all-cash transaction valued at approximately CAD$174 million. In connection with the sale, Party City and Canadian Tire have also agreed to a long-term wholesale supply agreement, with an initial term of 10 years.

  • Party City: An Undervalued Turnaround Stock
    GuruFocus.com

    Party City: An Undervalued Turnaround Stock

    The company’s refreshed strategy could boost its profitability Continue reading...

  • Thomson Reuters StreetEvents

    Edited Transcript of PRTY earnings conference call or presentation 8-Aug-19 12:00pm GMT

    Q2 2019 Party City Holdco Inc Earnings Call