Barclays Lowers Olaplex (NASDAQ:OLPX) Price Target to $1.25

Olaplex (NASDAQ:OLPX) had its target price cut by Barclays from $1.50 to $1.25 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 9.65% from the stock’s previous close.

Several other brokerages have also recently weighed in on OLPX. Canaccord Genuity Group raised Olaplex from a “hold” rating to a “buy” rating and raised their target price for the company from $1.50 to $2.00 in a research note on Monday, August 25th. Weiss Ratings restated a “sell (d)” rating on shares of Olaplex in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Olaplex from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $2.00 target price on shares of Olaplex in a research note on Friday, November 7th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $1.81.

Olaplex Stock Performance

Olaplex stock opened at $1.14 on Monday. Olaplex has a 12-month low of $1.01 and a 12-month high of $2.28. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.16 and a quick ratio of 3.20. The stock has a market capitalization of $760.96 million, a PE ratio of 57.00 and a beta of 2.29. The firm has a 50 day simple moving average of $1.26 and a 200-day simple moving average of $1.35.

Olaplex (NASDAQ:OLPX) last released its earnings results on Thursday, November 6th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $114.58 million during the quarter, compared to the consensus estimate of $109.77 million. Olaplex had a positive return on equity of 1.31% and a negative net margin of 1.18%.The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 earnings per share. Olaplex has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Olaplex will post 0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Olaplex

A number of institutional investors have recently bought and sold shares of OLPX. Teacher Retirement System of Texas acquired a new position in shares of Olaplex in the 1st quarter valued at about $25,000. R Squared Ltd purchased a new position in Olaplex during the second quarter valued at approximately $25,000. Chilton Capital Management LLC acquired a new position in Olaplex in the 3rd quarter valued at approximately $26,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Olaplex in the 3rd quarter worth approximately $32,000. Finally, Savant Capital LLC acquired a new stake in shares of Olaplex during the 3rd quarter valued at $43,000. 87.37% of the stock is currently owned by institutional investors and hedge funds.

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.