Hsbc Holdings PLC Purchases 6,348 Shares of European Wax Center, Inc. (NASDAQ:EWCZ)

Hsbc Holdings PLC lifted its position in shares of European Wax Center, Inc. (NASDAQ:EWCZ) by 20.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 37,402 shares of the company’s stock after buying an additional 6,348 shares during the period. Hsbc Holdings PLC’s holdings in European Wax Center were worth $247,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC lifted its stake in European Wax Center by 12.3% during the fourth quarter. SG Americas Securities LLC now owns 15,416 shares of the company’s stock worth $103,000 after purchasing an additional 1,690 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of European Wax Center during the 4th quarter worth $106,000. Wells Fargo & Company MN boosted its stake in European Wax Center by 46.6% in the fourth quarter. Wells Fargo & Company MN now owns 15,836 shares of the company’s stock valued at $106,000 after buying an additional 5,033 shares in the last quarter. DRW Securities LLC bought a new position in European Wax Center in the fourth quarter valued at about $139,000. Finally, Aristides Capital LLC acquired a new position in European Wax Center during the fourth quarter worth about $226,000. Institutional investors and hedge funds own 82.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EWCZ. Morgan Stanley decreased their price target on shares of European Wax Center from $5.00 to $4.00 and set an “underweight” rating on the stock in a report on Wednesday, March 12th. Jefferies Financial Group set a $15.00 target price on shares of European Wax Center in a research note on Tuesday, March 11th. Telsey Advisory Group reiterated a “market perform” rating and issued a $6.00 price target on shares of European Wax Center in a research note on Tuesday, March 11th. Truist Financial reduced their price objective on European Wax Center from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Robert W. Baird dropped their target price on European Wax Center from $7.00 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.94.

European Wax Center Trading Down 0.8 %

EWCZ opened at $3.57 on Friday. The stock has a market cap of $197.59 million, a PE ratio of 15.52, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. The company has a quick ratio of 2.42, a current ratio of 3.17 and a debt-to-equity ratio of 3.81. European Wax Center, Inc. has a twelve month low of $2.72 and a twelve month high of $12.05. The company has a fifty day moving average of $3.81 and a 200-day moving average of $5.59.

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.