Hsbc Holdings PLC Has $46,000 Stake in Olaplex Holdings, Inc. $OLPX

Hsbc Holdings PLC boosted its stake in Olaplex Holdings, Inc. (NASDAQ:OLPX) by 80.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,902 shares of the company’s stock after buying an additional 16,023 shares during the quarter. Hsbc Holdings PLC’s holdings in Olaplex were worth $46,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of OLPX. Wells Fargo & Company MN boosted its stake in Olaplex by 27.6% in the 4th quarter. Wells Fargo & Company MN now owns 81,972 shares of the company’s stock valued at $142,000 after buying an additional 17,726 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Olaplex by 162.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,316,519 shares of the company’s stock valued at $4,008,000 after buying an additional 1,432,400 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Olaplex in the 4th quarter valued at $35,000. Brevan Howard Capital Management LP acquired a new stake in Olaplex in the 4th quarter valued at $102,000. Finally, Deutsche Bank AG boosted its stake in Olaplex by 33.2% in the 4th quarter. Deutsche Bank AG now owns 86,156 shares of the company’s stock valued at $149,000 after buying an additional 21,454 shares in the last quarter. Institutional investors and hedge funds own 87.37% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on OLPX shares. Barclays boosted their price target on Olaplex from $1.40 to $1.50 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $2.00 price target on shares of Olaplex in a report on Thursday, August 7th. Wall Street Zen raised Olaplex from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Finally, Canaccord Genuity Group raised Olaplex from a “hold” rating to a “buy” rating and raised their price target for the company from $1.50 to $2.00 in a report on Monday, August 25th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Olaplex presently has a consensus rating of “Hold” and a consensus target price of $1.88.

Olaplex Stock Up 2.1%

Shares of OLPX opened at $1.49 on Monday. The firm has a market capitalization of $993.95 million, a price-to-earnings ratio of 37.25 and a beta of 2.34. Olaplex Holdings, Inc. has a 52 week low of $1.01 and a 52 week high of $2.77. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.20 and a current ratio of 3.86. The business’s fifty day moving average price is $1.44 and its two-hundred day moving average price is $1.37.

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