Barclays PLC Raises Stake in Olaplex Holdings, Inc. (NASDAQ:OLPX)

Barclays PLC lifted its position in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) by 90.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,861 shares of the company’s stock after buying an additional 43,663 shares during the quarter. Barclays PLC’s holdings in Olaplex were worth $391,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. American International Group Inc. grew its holdings in shares of Olaplex by 98.6% during the second quarter. American International Group Inc. now owns 1,940 shares of the company’s stock worth $27,000 after buying an additional 963 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Olaplex by 156.2% during the second quarter. Captrust Financial Advisors now owns 1,998 shares of the company’s stock worth $28,000 after buying an additional 1,218 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Olaplex by 14,330.2% during the fourth quarter. Quadrant Capital Group LLC now owns 6,205 shares of the company’s stock worth $32,000 after buying an additional 6,162 shares in the last quarter. First Manhattan Co. grew its holdings in shares of Olaplex by 6,000.0% during the first quarter. First Manhattan Co. now owns 2,135 shares of the company’s stock worth $33,000 after buying an additional 2,100 shares in the last quarter. Finally, MetLife Investment Management LLC purchased a new stake in shares of Olaplex during the first quarter worth about $36,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on OLPX. Canaccord Genuity Group reissued a “hold” rating and issued a $3.00 target price (down from $5.00) on shares of Olaplex in a research report on Friday, August 11th. Morgan Stanley decreased their target price on shares of Olaplex from $4.00 to $3.65 and set an “equal weight” rating on the stock in a research report on Wednesday, August 9th. Telsey Advisory Group cut shares of Olaplex from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $6.00 to $4.00 in a research report on Wednesday, August 9th. Bank of America decreased their target price on shares of Olaplex from $4.00 to $3.25 in a research report on Wednesday, May 10th. Finally, The Goldman Sachs Group decreased their target price on shares of Olaplex from $6.00 to $3.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.63.

Olaplex Trading Up 1.9 %

OLPX opened at $2.75 on Wednesday. The stock has a market capitalization of $1.80 billion, a PE ratio of 15.28, a P/E/G ratio of 1.72 and a beta of 1.68. The firm’s fifty day moving average price is $3.44 and its 200 day moving average price is $3.84. The company has a debt-to-equity ratio of 0.80, a current ratio of 9.32 and a quick ratio of 7.22. Olaplex Holdings, Inc. has a 12-month low of $2.42 and a 12-month high of $14.16.

Olaplex (NASDAQ:OLPX) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $109.24 million during the quarter, compared to analyst estimates of $129.86 million. Olaplex had a net margin of 22.92% and a return on equity of 21.92%. The company’s revenue was down 48.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 earnings per share. As a group, research analysts expect that Olaplex Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Olaplex Profile

Olaplex Holdings, Inc develops, manufactures, and sells hair care products. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.