Woodson Capital Management LP cut its holdings in European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 21.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 692,903 shares of the company's stock after selling 187,097 shares during the quarter. European Wax Center comprises 1.9% of Woodson Capital Management LP's portfolio, making the stock its 17th largest position. Woodson Capital Management LP owned approximately 1.11% of European Wax Center worth $9,417,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in European Wax Center by 38.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,368 shares of the company's stock worth $281,000 after purchasing an additional 4,804 shares during the period. Arizona State Retirement System acquired a new stake in European Wax Center in the third quarter worth $163,000. Quantbot Technologies LP acquired a new stake in European Wax Center in the third quarter worth $31,000. Swiss National Bank raised its holdings in European Wax Center by 2.4% in the third quarter. Swiss National Bank now owns 77,600 shares of the company's stock worth $1,257,000 after purchasing an additional 1,800 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in European Wax Center by 2.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,203,893 shares of the company's stock worth $35,703,000 after purchasing an additional 52,893 shares during the period. 82.14% of the stock is owned by institutional investors.
European Wax Center Stock Up 3.4 %
Shares of NASDAQ:EWCZ traded up $0.35 during midday trading on Friday, reaching $10.78. 589,347 shares of the company were exchanged, compared to its average volume of 594,700. European Wax Center, Inc. has a fifty-two week low of $10.23 and a fifty-two week high of $20.00. The company has a quick ratio of 2.31, a current ratio of 2.95 and a debt-to-equity ratio of 3.10. The stock has a fifty day simple moving average of $11.76 and a two-hundred day simple moving average of $13.42. The firm has a market cap of $655.75 million, a PE ratio of 43.12, a P/E/G ratio of 2.07 and a beta of 1.26.
European Wax Center (NASDAQ:EWCZ - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. European Wax Center had a net margin of 5.50% and a return on equity of 11.01%. The firm had revenue of $56.33 million for the quarter, compared to analyst estimates of $53.98 million. As a group, sell-side analysts forecast that European Wax Center, Inc. will post 0.3 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the stock. Bank of America cut their target price on shares of European Wax Center from $19.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, May 16th. Telsey Advisory Group reiterated an "outperform" rating and issued a $18.00 target price on shares of European Wax Center in a report on Wednesday, May 15th. Truist Financial dropped their price objective on shares of European Wax Center from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, May 16th. Finally, Citigroup dropped their price objective on shares of European Wax Center from $19.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, May 16th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, European Wax Center currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.67.
View Our Latest Research Report on EWCZ
European Wax Center Company Profile
(Free Report)
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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