Champlain Investment Partners LLC Invests $3.21 Million in European Wax Center, Inc. (NASDAQ:EWCZ)

Champlain Investment Partners LLC purchased a new position in European Wax Center, Inc. (NASDAQ:EWCZGet Rating) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 105,670 shares of the company’s stock, valued at approximately $3,207,000. Champlain Investment Partners LLC owned about 0.17% of European Wax Center at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Citigroup Inc. lifted its stake in European Wax Center by 164.8% in the fourth quarter. Citigroup Inc. now owns 3,774 shares of the company’s stock worth $115,000 after acquiring an additional 2,349 shares during the period. Bank of America Corp DE lifted its position in shares of European Wax Center by 1,472.6% during the fourth quarter. Bank of America Corp DE now owns 25,209 shares of the company’s stock valued at $765,000 after buying an additional 23,606 shares during the last quarter. Swiss National Bank purchased a new stake in shares of European Wax Center during the fourth quarter valued at about $841,000. Northern Trust Corp lifted its position in shares of European Wax Center by 38.8% during the fourth quarter. Northern Trust Corp now owns 126,550 shares of the company’s stock valued at $3,841,000 after buying an additional 35,383 shares during the last quarter. Finally, Hodges Capital Management Inc. purchased a new stake in shares of European Wax Center during the fourth quarter valued at about $11,476,000. 69.41% of the stock is owned by institutional investors.

EWCZ has been the subject of several analyst reports. Robert W. Baird decreased their price target on shares of European Wax Center from $38.00 to $35.00 in a research report on Friday, April 29th. Zacks Investment Research raised shares of European Wax Center from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $31.13.

Shares of NASDAQ EWCZ traded up $0.46 during midday trading on Thursday, reaching $24.91. 270,022 shares of the stock were exchanged, compared to its average volume of 358,093. The firm has a market cap of $1.58 billion and a price-to-earnings ratio of 207.08. European Wax Center, Inc. has a twelve month low of $18.55 and a twelve month high of $34.67. The firm has a 50-day simple moving average of $28.00 and a two-hundred day simple moving average of $27.17. The company has a quick ratio of 1.75, a current ratio of 2.36 and a debt-to-equity ratio of 0.51.

European Wax Center (NASDAQ:EWCZGet Rating) last issued its quarterly earnings data on Tuesday, March 15th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.09. The business had revenue of $45.11 million for the quarter, compared to analysts’ expectations of $44.80 million. European Wax Center had a net margin of 3.31% and a return on equity of 9.66%. Research analysts expect that European Wax Center, Inc. will post 0.19 EPS for the current fiscal year.

The business also recently declared a dividend, which was paid on Friday, May 6th. Investors of record on Friday, April 22nd were paid a $3.30 dividend. The ex-dividend date was Thursday, April 21st. This represents a yield of 11.14%.

European Wax Center Profile (Get Rating)

European Wax Center, Inc operates as a holding company for EWC Ventures, LLC that franchises and operates out-of-home waxing services in the United States. The company sells facial and body waxing products to franchisees. It offers Brazilian, body, brow, facial hair, and fast waxing services, as well as services related to men; and laser hair removal, sugaring, and threading services, as well as in-home solutions, such as shaving, chemical-based creams, epilators, at-home laser hair removal, and at-home waxing.

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Institutional Ownership by Quarter for European Wax Center (NASDAQ:EWCZ)

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