Olaplex Holdings, Inc. (NASDAQ:OLPX) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in shares of 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 firm owned 2,316,519 shares of the company's stock after buying an additional 1,432,400 shares during the quarter. Dimensional Fund Advisors LP owned 0.35% of Olaplex worth $4,008,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. purchased a new stake in shares of Olaplex in the third quarter worth approximately $664,000. Chemistry Wealth Management LLC bought a new position in Olaplex in the 4th quarter valued at $25,000. Cornerstone Wealth Management LLC purchased a new stake in Olaplex in the fourth quarter worth $36,000. Ninety One UK Ltd lifted its position in shares of Olaplex by 99.3% during the fourth quarter. Ninety One UK Ltd now owns 4,239,796 shares of the company's stock worth $7,335,000 after purchasing an additional 2,112,009 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Olaplex by 290.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 21,395 shares of the company's stock worth $37,000 after purchasing an additional 15,911 shares during the last quarter. 87.37% of the stock is currently owned by institutional investors.

Olaplex Stock Performance

Shares of OLPX remained flat at $1.29 during midday trading on Friday. The stock had a trading volume of 955,307 shares, compared to its average volume of 2,156,057. The company has a debt-to-equity ratio of 0.73, a current ratio of 11.84 and a quick ratio of 10.32. Olaplex Holdings, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $2.77. The firm has a 50 day moving average price of $1.28 and a 200 day moving average price of $1.56. The company has a market capitalization of $858.83 million, a P/E ratio of 21.50 and a beta of 2.37.

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

Insiders Place Their Bets

In other Olaplex news, insider Trisha L. Fox sold 26,526 shares of Olaplex stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $1.44, for a total value of $38,197.44. Following the transaction, the insider now owns 461,548 shares in the company, valued at $664,629.12. The trade was a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel John C. Duffy sold 35,013 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $1.44, for a total transaction of $50,418.72. Following the completion of the transaction, the general counsel now owns 348,630 shares of the company's stock, valued at $502,027.20. This represents a 9.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,269 shares of company stock worth $103,161 over the last 90 days. Company insiders own 4.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OLPX. Barclays upped their price target on shares of Olaplex from $1.20 to $1.40 and gave the stock an "equal weight" rating in a report on Monday. Telsey Advisory Group reaffirmed a "market perform" rating and set a $2.00 target price on shares of Olaplex in a research report on Friday, May 9th.

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.