Olaplex Holdings, Inc. (NASDAQ:OLPX) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) by 10.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,066,027 shares of the company’s stock after purchasing an additional 102,752 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Olaplex were worth $2,505,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in OLPX. Pacer Advisors Inc. grew its holdings in Olaplex by 42.0% in the 2nd quarter. Pacer Advisors Inc. now owns 19,686,481 shares of the company’s stock valued at $30,317,000 after buying an additional 5,824,889 shares in the last quarter. Scion Asset Management LLC purchased a new position in shares of Olaplex during the 2nd quarter worth $1,533,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Olaplex by 49,511.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 269,392 shares of the company’s stock worth $633,000 after purchasing an additional 268,849 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Olaplex by 29.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 942,288 shares of the company’s stock worth $1,451,000 after purchasing an additional 212,129 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Olaplex by 20.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,073,878 shares of the company’s stock worth $1,654,000 after acquiring an additional 184,091 shares in the last quarter. 87.37% of the stock is currently owned by hedge funds and other institutional investors.

Olaplex Price Performance

OLPX stock opened at $2.10 on Monday. The stock has a 50-day moving average price of $2.00 and a two-hundred day moving average price of $1.98. Olaplex Holdings, Inc. has a 12-month low of $1.19 and a 12-month high of $2.98. The company has a current ratio of 11.84, a quick ratio of 10.32 and a debt-to-equity ratio of 0.73. The company has a market cap of $1.39 billion, a PE ratio of 35.00 and a beta of 2.48.

Olaplex (NASDAQ:OLPX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. Olaplex had a return on equity of 10.50% and a net margin of 9.78%. The firm had revenue of $119.10 million during the quarter, compared to the consensus estimate of $126.51 million. During the same quarter in the previous year, the business earned $0.05 earnings per share. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, research analysts predict that Olaplex Holdings, Inc. will post 0.11 EPS for the current year.

Insider Transactions at Olaplex

In other Olaplex news, Director John P. Bilbrey purchased 25,128 shares of Olaplex stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average price of $1.76 per share, with a total value of $44,225.28. Following the completion of the acquisition, the director now owns 266,721 shares of the company’s stock, valued at approximately $469,428.96. This trade represents a 10.40 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on OLPX. Barclays decreased their target price on Olaplex from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Telsey Advisory Group reiterated a “market perform” rating and issued a $3.00 price objective on shares of Olaplex in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $2.30.

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.