PRTY - Party City Holdco Inc.

NYSE - NYSE Delayed price. Currency in USD
1.4500
+0.1300 (+9.85%)
At close: 4:00PM EDT

1.6200 +0.17 (11.72%)
Pre-market: 8:55AM EDT

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Previous close1.3200
Open1.3300
Bid1.5900 x 1000
Ask1.6200 x 2900
Day's range1.3200 - 1.5000
52-week range0.2600 - 7.9900
Volume13,310,526
Avg. volume9,525,310
Market cap137.013M
Beta (5Y monthly)1.38
PE ratio (TTM)N/A
EPS (TTM)-1.7690
Earnings date12 Jun 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est2.25
  • Bloomberg

    Distressed Retailer Party City May Cut Debt With Bond Deal

    (Bloomberg) -- Party City Holdco Inc., the retailer that has been trying to reduce its $2 billion debt load as social distancing scraps celebrations, will try to convince creditors to sign a deal that would trim its borrowings and inject fresh cash into the company.The company reached an agreement with holders of more than 52% of its bonds that would give them a mix of equity in the business and new notes, according to a Party City statement Friday. The deal would still need the approval of 98% of its bondholders before completion.“The agreement announced today demonstrates the confidence of certain of our bondholders in our strategy and leadership team, and we appreciate their support for our long-term success,” Chief Executive Officer Brad Weston said in the statement.Party City has been working with restructuring experts from AlixPartners LLP to cut debt after poor Halloween sales and last year’s helium shortage, which cut into balloon sales. The Covid-19 pandemic hit the company in two ways: shutdowns across the country closed its retail outlets and prohibitions against gatherings may have cut demand for its products.The company owns some of its stores and franchises others. Earlier this week, a group of stores owned by a Party City franchisee in North Carolina filed bankruptcy, blaming the pandemic-related shutdown of businesses. No Party City owned store has filed bankruptcy, the company said.The company did not say what would happen if it misses the 98% threshold, according to an email response to questions. “Party City has no plans to file for bankruptcy at this time, and the agreement with certain of the company’s bondholders does not contemplate a bankruptcy filing,” the company said.The chain found a niche when it first opened in 1986, with its vast repositories of disco balls, streamers and Santa hats. But its goods are now available online and at mass merchant competitors. Still, it is bolstered by its wholesale business.In March, it said it was suspending its 2020 guidance as it shuttered stores amid the virus. It had a loss of $533 million last year.The deal, which the company said would cut its debt by about $450 million and raise $100 million of new capital, was struck with some holders of the company’s 6.125% notes due in 2023 and its 6.625% bonds due 2026. Bondholders would get:Shares of Party City representing nearly 20% of outstanding common stockAbout $100 million of new second-lien 10% notes due in 2026 that would be issued by a newly formed subsidiary$185.0 million of variable rate senior secured notes due 2025 to be issued by the parent companyThe company is also launching a rights offering and private placement that in all would raise about $100 million of new capital from the sale of 15% notes due 2025. That includes a private transaction with Barings to purchase $40 million of the first-lien notes.After the announcement, shares of Party City soared 78% to $1.82 in pre-market trading Friday before retreating to $1.44 at 11:21 a.m.(Adds company response in the sixth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Earnings Preview: Party City (PRTY) Q1 Earnings Expected to Decline
    Zacks

    Earnings Preview: Party City (PRTY) Q1 Earnings Expected to Decline

    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.

  • What Kind Of Share Price Volatility Should You Expect For Party City Holdco Inc. (NYSE:PRTY)?
    Simply Wall St.

    What Kind Of Share Price Volatility Should You Expect For Party City Holdco Inc. (NYSE:PRTY)?

    If you own shares in Party City Holdco Inc. (NYSE:PRTY) then it's worth thinking about how it contributes to the...

  • Party City Holdco Enters Overbought Territory: Is A Drop Coming?
    Zacks

    Party City Holdco Enters Overbought Territory: Is A Drop Coming?

    Party City Holdco has moved higher as of late, but there could definitely be trouble on the horizon for this company.

  • 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...

  • 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.

  • 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...

  • 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.

  • 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.

  • 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.

  • Cutera, Party City, Micron, Perficient and CACI highlighted as Zacks Bull and Bear of the Day
    Zacks

    Cutera, Party City, Micron, Perficient and CACI highlighted as Zacks Bull and Bear of the Day

    Cutera, Party City, Micron, Perficient and CACI highlighted as Zacks Bull and Bear of the Day

  • Bear of the Day: Party City (PRTY)
    Zacks

    Bear of the Day: Party City (PRTY)

    Bear of the Day: Party City (PRTY)

  • Did Changing Sentiment Drive Party City Holdco's (NYSE:PRTY) Share Price Down A Painful 75%?
    Simply Wall St.

    Did Changing Sentiment Drive Party City Holdco's (NYSE:PRTY) Share Price Down A Painful 75%?

    As an investor, mistakes are inevitable. But really big losses can really drag down an overall portfolio. So take a...

  • Party City Holdco Inc (PRTY) Q2 2019 Earnings Call Transcript
    Motley Fool

    Party City Holdco Inc (PRTY) Q2 2019 Earnings Call Transcript

    PRTY earnings call for the period ending June 30, 2019.

  • Motley Fool

    Why Party City Stock Was Getting Deflated Today

    Shares of the party-themed retailer got hammered after another weak earnings report.

  • Party City (PRTY) Lags Q2 Earnings and Revenue Estimates
    Zacks

    Party City (PRTY) Lags Q2 Earnings and Revenue Estimates

    Party City (PRTY) delivered earnings and revenue surprises of -42.11% and -1.42%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Earnings Preview: Party City (PRTY) Q2 Earnings Expected to Decline
    Zacks

    Earnings Preview: Party City (PRTY) Q2 Earnings Expected to Decline

    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.

  • Zacks.com featured highlights include: Cardinal Health, Builders FirstSource, AmerisourceBergen, AutoNation and Party City
    Zacks

    Zacks.com featured highlights include: Cardinal Health, Builders FirstSource, AmerisourceBergen, AutoNation and Party City

    Zacks.com featured highlights include: Cardinal Health, Builders FirstSource, AmerisourceBergen, AutoNation and Party City

  • Recent Analyst Upgrades Add Shine to These 5 Stocks
    Zacks

    Recent Analyst Upgrades Add Shine to These 5 Stocks

    The opinion of brokers is highly valued by investors as they have a clear insight into the nitty gritty of the investment world.

  • Why Party City Stock Dropped Today
    Motley Fool

    Why Party City Stock Dropped Today

    Words of caution from Wall Street deflated shares of the party-centric niche retailer.

  • Zacks.com featured highlights include: Guess, Party City, Shoe Carnival, Genesis and Restoration Robotics
    Zacks

    Zacks.com featured highlights include: Guess, Party City, Shoe Carnival, Genesis and Restoration Robotics

    Zacks.com featured highlights include: Guess, Party City, Shoe Carnival, Genesis and Restoration Robotics

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