European Wax Center, Inc. (NASDAQ:EWCZ – Get Rating) CEO David P. Berg sold 200,000 shares in a trade on Tuesday, May 24. The stock was sold at an average price of $21.50, for a total value of $4,300,000.00. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website.
NASDAQ:EWCZ shares rose $0.44 on Wednesday, hitting $24.64. The company’s shares had a trading volume of 459,842 shares, compared to an average volume of 407,464. The company has a 50-day simple moving average of $28.02 and a 200-day simple moving average of 26.81 $. European Wax Center, Inc. has a 1-year low of $18.55 and a 1-year high of $34.67. The company has a market capitalization of $1.56 billion and a PE ratio of 205.33. The company has a debt ratio of 0.50, a current ratio of 2.84 and a quick ratio of 2.09.
European Wax Center (NASDAQ:EWCZ – Get Rating) last released its quarterly results on Tuesday, March 15. The company reported earnings per share of $0.18 for the quarter, beating the consensus estimate of $0.09 by $0.09. European Wax Center achieved a return on equity of 9.60% and a net margin of 3.31%. The company posted revenue of $45.11 million for the quarter, compared to $44.80 million expected by analysts. On average, equity research analysts expect European Wax Center, Inc. to post earnings per share of 0.22 for the current fiscal year.
The company also recently declared a dividend, which was paid on Friday, May 6. Shareholders of record on Friday, April 22 received a dividend of $3.30. The ex-dividend date was Thursday, April 21. This represents a dividend yield of 11.14%.
EWCZ has been the subject of several research reports. Zacks Investment Research upgraded European Wax Center from a “sell” rating to a “hold” rating in a Tuesday, May 3 research note. Robert W. Baird reduced his price target on European Wax Center from $38.00 to $35.00 in a Friday, April 29 research note. Three analysts gave the stock a hold rating and six gave the company a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $31.13.
Major investors have recently increased or reduced their stakes in the company. Citigroup Inc. bought a new stake in shares of European Wax Center in Q3, valued at around $40,000. Royal Bank of Canada bought a new equity position in European Wax Center during Q3, valued at around $77,000. Metropolitan Life Insurance Co NY bought a new stock position in European Wax Center during Q3, valued at around $93,000. The New York State Common Retirement Fund bought a new stock position in European Wax Center during Q3, valued at around $101,000. Finally, Point72 Hong Kong Ltd purchased a new equity position in European Wax Center during Q1 worth approximately $108,000. 69.41% of the shares are currently held by hedge funds and other institutional investors.
European Wax Center Company Profile (Get a rating)
European Wax Center, Inc operates as a holding company for EWC Ventures, LLC which franchises and operates out-of-home waxing services in the United States. The company sells facial and body hair removal products to franchisees. She offers Brazilian, body, brow, facial hair and quick hair removal services, as well as men’s related services; and laser hair removal, sugaring and threading services, as well as home solutions, such as shaving, chemical creams, epilators, home laser hair removal and hair removal wax at home.
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