Federated Hermes Inc. Has $18.48 Million Holdings in European Wax Center, Inc. (NASDAQ:EWCZ)

Federated Hermes Inc. grew its position in European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 13.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,360,000 shares of the company's stock after buying an additional 160,000 shares during the quarter. Federated Hermes Inc. owned approximately 2.18% of European Wax Center worth $18,482,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bamco Inc. NY lifted its position in shares of European Wax Center by 18.5% in the third quarter. Bamco Inc. NY now owns 4,126,159 shares of the company's stock worth $66,844,000 after purchasing an additional 642,726 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of 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 in the last quarter. Wellington Management Group LLP lifted its position in shares of European Wax Center by 19.5% in the third quarter. Wellington Management Group LLP now owns 2,202,055 shares of the company's stock worth $35,673,000 after purchasing an additional 360,006 shares in the last quarter. 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 worth $29,084,000 after purchasing an additional 146,238 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its position in shares of European Wax Center by 1.9% in the third quarter. TimesSquare Capital Management LLC now owns 1,517,950 shares of the company's stock worth $24,591,000 after purchasing an additional 28,425 shares in the last quarter. 82.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EWCZ. Telsey Advisory Group reissued an "outperform" rating and issued a $18.00 price target on shares of European Wax Center in a research report on Wednesday, March 6th. Piper Sandler increased their price target on shares of European Wax Center from $18.00 to $20.00 and gave the stock an "overweight" rating in a research report on Thursday, January 11th.

European Wax Center Stock Up 0.3 %

EWCZ traded up $0.04 during midday trading on Monday, hitting $11.62. 305,371 shares of the company's stock traded hands, compared to its average volume of 534,902. The company has a market cap of $706.17 million, a PE ratio of 68.35, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The stock's fifty day simple moving average is $13.25 and its 200-day simple moving average is $14.09. The company has a debt-to-equity ratio of 3.19, a current ratio of 2.52 and a quick ratio of 1.98. European Wax Center, Inc. has a one year low of $10.82 and a one year high of $20.00.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The firm had revenue of $56.33 million for the quarter, compared to analyst estimates of $53.98 million. European Wax Center had a net margin of 4.04% and a return on equity of 6.69%. As a group, equities analysts anticipate that European Wax Center, Inc. will post 0.31 earnings per share for the current fiscal year.

European Wax Center Company Profile

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.