In a report released today, Dana Telsey from Telsey Advisory maintained a Buy rating on European Wax Center (EWCZ – Research Report), with a price target of $16.00. The company’s shares closed yesterday at $11.43.
Telsey covers the Consumer Cyclical sector, focusing on stocks such as aka Brands Holding Corp, Macy’s, and Levi Strauss & Co. According to TipRanks, Telsey has an average return of 1.1% and a 41.41% success rate on recommended stocks.
European Wax Center has an analyst consensus of Strong Buy, with a price target consensus of $15.75, which is a 37.80% upside from current levels. In a report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $16.00 price target.
Based on European Wax Center’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $31.81 million and a net profit of $2.49 million. In comparison, last year the company earned a revenue of $53.52 million and had a net profit of $902 thousand
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EWCZ in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
European Wax Center (EWCZ) Company Description:
European Wax Center Inc is a franchisor and operator of OOH waxing services. Its product sales consist of revenue earned from sales of proprietary wax.
