American Century Companies Inc. lifted its position in European Wax Center, Inc. (NASDAQ:EWCZ – Free Report) by 45.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,053,174 shares of the company’s stock after acquiring an additional 330,811 shares during the period. American Century Companies Inc. owned approximately 1.68% of European Wax Center worth $19,979,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in European Wax Center by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,220 shares of the company’s stock worth $812,000 after buying an additional 847 shares during the period. Tower Research Capital LLC TRC raised its holdings in European Wax Center by 43.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,926 shares of the company’s stock worth $54,000 after buying an additional 889 shares during the period. California State Teachers Retirement System raised its holdings in European Wax Center by 3.5% during the 3rd quarter. California State Teachers Retirement System now owns 31,684 shares of the company’s stock worth $585,000 after buying an additional 1,082 shares during the period. Swiss National Bank raised its holdings in European Wax Center by 2.0% during the 4th quarter. Swiss National Bank now owns 62,000 shares of the company’s stock worth $772,000 after buying an additional 1,200 shares during the period. Finally, Royal Bank of Canada raised its holdings in European Wax Center by 78.3% during the 3rd quarter. Royal Bank of Canada now owns 2,888 shares of the company’s stock worth $53,000 after buying an additional 1,268 shares during the period. 74.97% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have recently weighed in on EWCZ shares. Morgan Stanley raised their price target on shares of European Wax Center from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 22nd. Telsey Advisory Group raised their price target on shares of European Wax Center from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $21.33.
European Wax Center Stock Down 0.7 %
EWCZ opened at $17.36 on Friday. European Wax Center, Inc. has a fifty-two week low of $12.02 and a fifty-two week high of $21.70. The company has a debt-to-equity ratio of 2.72, a quick ratio of 2.82 and a current ratio of 3.67. The company has a market capitalization of $1.09 billion, a P/E ratio of 108.50, a P/E/G ratio of 21.81 and a beta of 1.53. The stock has a fifty day moving average of $18.50 and a 200-day moving average of $18.06.
European Wax Center (NASDAQ:EWCZ – Get Free Report) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. European Wax Center had a return on equity of 40.36% and a net margin of 3.64%. The business had revenue of $59.09 million during the quarter, compared to the consensus estimate of $58.27 million. On average, equities analysts expect that European Wax Center, Inc. will post 0.13 EPS for the current year.
European Wax Center Profile
European Wax Center, Inc operates as the franchisor and operator of out-of-home waxing services in the United States. It offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments. The company was founded in 2004 and is headquartered in Plano, Texas.
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