European Wax Center (NASDAQ:EWCZ) Sets New 12-Month Low at $10.72 (2024)

European Wax Center (NASDAQ:EWCZ) Sets New 12-Month Low at $10.72 (1)European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $10.72 and last traded at $11.48, with a volume of 620773 shares changing hands. The stock had previously closed at $10.90.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reiterated an "outperform" rating and issued a $18.00 price objective on shares of European Wax Center in a research note on Wednesday.

View Our Latest Stock Report on EWCZ

European Wax Center Trading Up 4.9 %

The stock has a market cap of $694.60 million, a PE ratio of 67.24, a P/E/G ratio of 1.86 and a beta of 1.26. The firm has a 50-day simple moving average of $12.18 and a 200-day simple moving average of $13.63. The company has a quick ratio of 1.98, a current ratio of 2.52 and a debt-to-equity ratio of 3.19.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last posted its earnings results on Wednesday, March 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The firm had revenue of $56.33 million for the quarter, compared to the consensus estimate of $53.98 million. European Wax Center had a return on equity of 6.69% and a net margin of 4.04%. Equities analysts forecast that European Wax Center, Inc. will post 0.3 earnings per share for the current year.

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Institutional Investors Weigh In On European Wax Center

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of European Wax Center by 8.9% during the third quarter. Vanguard Group Inc. now owns 1,795,283 shares of the company's stock worth $29,084,000 after acquiring an additional 146,238 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of European Wax Center by 17.5% in the third quarter. American Century Companies Inc. now owns 1,338,265 shares of the company's stock worth $21,680,000 after purchasing an additional 199,071 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of European Wax Center by 186.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 268,417 shares of the company's stock worth $4,348,000 after purchasing an additional 174,812 shares during the period. ClariVest Asset Management LLC bought a new position in shares of European Wax Center in the third quarter worth $956,000. Finally, Federated Hermes Inc. increased its holdings in shares of European Wax Center by 13.3% in the fourth 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 period. Hedge funds and other institutional investors own 82.14% of the company's stock.

European Wax Center Company Profile

(Get 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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European Wax Center (NASDAQ:EWCZ) Sets New 12-Month Low at $10.72 (2024)
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