European Wax Center, Inc. (NASDAQ:EWCZ – Get a rating) announced a dividend on Thursday, April 14, investment.com reports. Shareholders of record on Friday April 22 will receive a dividend of 3.30 per share on Friday May 6. This represents a dividend yield of 11.14%. The ex-dividend date is Thursday, April 21.
Shares of EWCZ Stock opened at $29.62 on Thursday. The company has a fifty-day simple moving average of $27.08 and a 200-day simple moving average of $27.29. The company has a debt ratio of 0.51, a quick ratio of 1.75 and a current ratio of 2.36. European Wax Center has a 12-month low of $18.55 and a 12-month high of $34.67.
European Wax Center (NASDAQ:EWCZ – Get a rating) last announced its 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. The company posted revenue of $45.11 million in the quarter, compared to $44.80 million expected by analysts. As a group, stock analysts predict European Wax Center will post earnings per share of 0.19 for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in European Wax Center shares by 70.7% in the 4th quarter. BlackRock Inc. now owns 822,610 shares of the company worth $24,968,000 after purchasing an additional 340,803 shares in the last quarter. Geode Capital Management LLC increased its position in European Wax Center shares by 48.4% in the 4th quarter. Geode Capital Management LLC now owns 232,609 shares of the company worth $7,059,000 after purchasing an additional 75,839 shares in the last quarter. State Street Corp raised its position in European Wax Center shares by 48.4% in the fourth quarter. State Street Corp now owns 181,120 shares of the company worth $5,497,000 after purchasing an additional 59,103 shares in the last quarter. Citadel Advisors LLC increased its position in European Wax Center shares by 2,150.8% in the 4th quarter. Citadel Advisors LLC now owns 172,413 shares of the company worth $5,233,000 after purchasing an additional 164,753 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stock position in European Wax Center in Q3 for a value of approximately $3,466,000. Institutional investors hold 65.25% of the company’s shares.
Separately, Zacks Investment Research upgraded the shares of European Wax Center from a “sell” rating to a “hold” rating in a Thursday, March 24 research note. Three equity research analysts gave the stock a hold rating and six gave the stock a buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $31.25.
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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