PRTY stock forecast
Our latest prediction for Party City Holdco Inc's stock price was made on the Oct. 28, 2020 when the stock price was at 1.78$.
In the short term (2weeks), PRTY's stock price should outperform the market by 5.47%. During that period the price should oscillate between -9.74% and +18.60%.
In the medium term (3months), PRTY's stock price should outperform the market by 1.02%. During that period the price should oscillate between -35.21% and +54.07%.Get email alerts
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About Party City Holdco Inc
Party City is an American publicly traded retail chain of party stores founded in 1986 by Steve Mandell in East Hanover, New Jersey. Based in Elmsford, New York, the company is the largest retailer of party goods in the United States, Canada and Mexico, operating over 900 company-owned and franchise outlets under the Party City, Halloween City, Toy City, and Factory Card & Party Outlet brands. Party City was founded by Steve Mandell in 1986, Mandell recognized that the market for party goods was highly fragmented with a lot of small mom-and-pop operations, a large number of retailers carrying limited supplies, and no big players dominating the party goods market. Mandell decided to specialize in the business when he struck out on his own to realize his long-cherished goal of running his own retail operation. After scraping together $125,000, he opened a 4,000 square feet store in East Hanover, New Jersey, naming it Party City. The operation was immediately successful and within a year Mandell started planning for a second location. He also began to hear from people asking to franchise the Party City concept, and as a result Party City began its evolution into a national chain. After his first year in business Mandell also decided to concentrate on Halloween, so that in 1987 over a quarter of his store was turned into a "Halloween Costume Warehouse." The move proved highly successful and led to the company's ongoing focus on the holiday, and the major impact that the month of October would have on the company's bottom line. Year-round, Party City stocked an inventory of Halloween costumes, if for no other reason than to make customers aware of the items for the next Halloween season. One quarter of Party City's 2015 revenue came from Halloween; the company operates about 300 Halloween City pop-up stores.
At the moment the company generates 1934M USD in revenues.
On its last earning announcement, the company reported a loss of -7.29$ per share.
The book value per share is 10.31$
Three months stock forecastOct. 28, 2020
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