336,657 Shares in Olaplex Holdings, Inc. $OLPX Purchased by Nuveen LLC

Nuveen LLC bought a new position in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 336,657 shares of the company’s stock, valued at approximately $428,000. Nuveen LLC owned approximately 0.05% of Olaplex as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Deutsche Bank AG increased its stake in shares of Olaplex by 33.2% during the fourth quarter. Deutsche Bank AG now owns 86,156 shares of the company’s stock worth $149,000 after purchasing an additional 21,454 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Olaplex during the 1st quarter valued at $239,000. Hsbc Holdings PLC bought a new stake in Olaplex during the 4th quarter worth approximately $34,000. Dimensional Fund Advisors LP lifted its holdings in Olaplex by 162.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,316,519 shares of the company’s stock worth $4,008,000 after buying an additional 1,432,400 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Olaplex by 60.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 205,782 shares of the company’s stock worth $356,000 after buying an additional 77,444 shares during the period. Institutional investors own 87.37% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on OLPX. Canaccord Genuity Group upgraded shares of Olaplex from a “hold” rating to a “buy” rating and boosted their target price for the company from $1.50 to $2.00 in a research report on Monday, August 25th. Barclays increased their price target on Olaplex from $1.40 to $1.50 and gave the company an “equal weight” rating in a research report on Tuesday, July 15th. Wall Street Zen upgraded shares of Olaplex from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $2.00 price target on shares of Olaplex in a report on Thursday, August 7th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $1.88.

Olaplex Trading Up 2.1%

OLPX opened at $1.46 on Friday. Olaplex Holdings, Inc. has a one year low of $1.01 and a one year high of $2.77. The business has a 50 day simple moving average of $1.44 and a two-hundred day simple moving average of $1.37. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.86 and a quick ratio of 3.20. The firm has a market capitalization of $973.94 million, a price-to-earnings ratio of 35.75 and a beta of 2.34.

Olaplex (NASDAQ:OLPX) last announced its earnings results on Thursday, August 7th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The business had revenue of $106.28 million for the quarter, compared to the consensus estimate of $100.30 million. Olaplex had a negative net margin of 0.30% and a positive return on equity of 3.32%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS. Olaplex has set its FY 2025 guidance at EPS. Analysts predict that Olaplex Holdings, Inc. will post 0.1 EPS for the current year.

Olaplex Company Profile

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