Dimensional Fund Advisors LP Raises Stock Position in Olaplex Holdings, Inc. (NASDAQ:OLPX)

Dimensional Fund Advisors LP increased its holdings in Olaplex Holdings, Inc. (NASDAQ:OLPX - Free Report) by 162.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,316,519 shares of the company's stock after purchasing an additional 1,432,400 shares during the period. Dimensional Fund Advisors LP owned approximately 0.35% of Olaplex worth $4,008,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Olaplex by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,075,688 shares of the company's stock valued at $1,861,000 after acquiring an additional 9,661 shares during the last quarter. Belpointe Asset Management LLC lifted its position in Olaplex by 23.6% during the 4th quarter. Belpointe Asset Management LLC now owns 61,461 shares of the company's stock worth $106,000 after buying an additional 11,724 shares in the last quarter. Chemistry Wealth Management LLC acquired a new position in shares of Olaplex during the 4th quarter worth about $25,000. Parkside Financial Bank & Trust grew its stake in Olaplex by 290.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 21,395 shares of the company's stock valued at $37,000 after buying an additional 15,911 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Olaplex by 27.6% during the fourth quarter. Wells Fargo & Company MN now owns 81,972 shares of the company's stock worth $142,000 after buying an additional 17,726 shares in the last quarter. 87.37% of the stock is owned by institutional investors.

Insider Activity at Olaplex

In other news, insider Trisha L. Fox sold 26,526 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $1.44, for a total value of $38,197.44. Following the sale, the insider now directly owns 461,548 shares in the company, valued at $664,629.12. The trade was a 5.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel John C. Duffy sold 35,013 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $1.44, for a total transaction of $50,418.72. Following the transaction, the general counsel now owns 348,630 shares in the company, valued at $502,027.20. The trade was a 9.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,269 shares of company stock worth $103,161 over the last quarter. Company insiders own 4.30% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on OLPX. Barclays increased their price target on shares of Olaplex from $1.20 to $1.40 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. 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, May 9th.

Olaplex Price Performance

OLPX stock remained flat at $1.29 during midday trading on Friday. 955,307 shares of the company's stock were exchanged, compared to its average volume of 2,161,136. Olaplex Holdings, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $2.77. The company has a market cap of $858.83 million, a P/E ratio of 21.50 and a beta of 2.37. The company's 50-day moving average is $1.27 and its 200-day moving average is $1.55. The company has a quick ratio of 10.32, a current ratio of 11.84 and a debt-to-equity ratio of 0.73.

Olaplex (NASDAQ:OLPX - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.02). Olaplex had a net margin of 9.78% and a return on equity of 10.50%. The firm had revenue of $96.98 million for the quarter, compared to the consensus estimate of $93.82 million. During the same period last year, the company posted $0.03 earnings per share. The business's revenue was down 1.9% on a year-over-year basis. On average, equities analysts predict that Olaplex Holdings, Inc. will post 0.1 EPS for the current year.

Olaplex 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.