European Wax Center, Inc. (NASDAQ:EWCZ) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky raised its stake in shares of European Wax Center, Inc. (NASDAQ:EWCZ) by 34.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 82,017 shares of the company’s stock after buying an additional 21,054 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in European Wax Center were worth $1,115,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of European Wax Center by 8.9% in the third quarter. Vanguard Group Inc. now owns 1,795,283 shares of the company’s stock valued at $29,084,000 after acquiring an additional 146,238 shares in the last quarter. American Century Companies Inc. lifted its holdings in European Wax Center by 17.5% in the 3rd quarter. American Century Companies Inc. now owns 1,338,265 shares of the company’s stock valued at $21,680,000 after purchasing an additional 199,071 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in European Wax Center by 186.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 268,417 shares of the company’s stock valued at $4,348,000 after purchasing an additional 174,812 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of European Wax Center by 13.3% during the 4th quarter. Federated Hermes Inc. now owns 1,360,000 shares of the company’s stock worth $18,482,000 after purchasing an additional 160,000 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of European Wax Center during the fourth quarter worth about $166,000. Institutional investors and hedge funds own 82.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on EWCZ. Telsey Advisory Group restated an “outperform” rating and set a $16.00 target price on shares of European Wax Center in a research report on Thursday, May 30th. Truist Financial decreased their price objective on European Wax Center from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, May 16th. Bank of America dropped their target price on European Wax Center from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, May 16th. Finally, Citigroup decreased their price target on European Wax Center from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, European Wax Center has an average rating of “Moderate Buy” and a consensus price target of $16.33.

European Wax Center Price Performance

EWCZ stock opened at $10.71 on Monday. The company has a market cap of $651.49 million, a PE ratio of 42.84, a price-to-earnings-growth ratio of 2.13 and a beta of 1.22. The company has a current ratio of 2.95, a quick ratio of 2.31 and a debt-to-equity ratio of 3.10. The stock has a 50-day moving average price of $11.27 and a two-hundred day moving average price of $13.06. European Wax Center, Inc. has a 12-month low of $10.23 and a 12-month high of $20.00.

European Wax Center (NASDAQ:EWCZ) last issued its earnings results on Wednesday, May 15th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.06. The business had revenue of $51.87 million during the quarter, compared to analysts’ expectations of $51.88 million. European Wax Center had a return on equity of 11.01% and a net margin of 5.50%. As a group, research analysts predict that European Wax Center, Inc. will post 0.3 EPS for the current year.

About European Wax Center

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.