Nuveen LLC Makes New Investment in Olaplex Holdings, Inc. $OLPX

Key Points

• Nuveen LLC has purchased 336,657 shares of Olaplex Holdings, valued at approximately $428,000, increasing the company's institutional ownership to 87.37%.
• Several hedge funds have increased their stakes in Olaplex, including Deutsche Bank AG and Dimensional Fund Advisors LP, which saw significant percentage increases in their holdings during the fourth quarter.
• Analysts have set new price targets for Olaplex, with Canaccord Genuity Group upgrading their rating from "hold" to "buy" and raising the price target to $2.00.

Nuveen LLC bought a new position in Olaplex Holdings, Inc. (NASDAQ:OLPX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 336,657 shares of the company's stock, valued at approximately $428,000. Nuveen LLC owned about 0.05% of Olaplex as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in OLPX. ProShare Advisors LLC lifted its position in Olaplex by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 39,052 shares of the company's stock worth $68,000 after buying an additional 12,852 shares in the last quarter. Wells Fargo & Company MN lifted its position 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 purchasing an additional 17,726 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Olaplex during the first quarter valued at approximately $25,000. Hsbc Holdings PLC bought a new stake in shares of Olaplex during the fourth quarter valued at approximately $34,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Olaplex in the fourth quarter valued at approximately $35,000. 87.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

OLPX has been the subject of several analyst reports. Telsey Advisory Group reiterated a "market perform" rating and set a $2.00 price target on shares of Olaplex in a research report on Thursday, August 7th. Wall Street Zen raised shares of Olaplex from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Barclays increased 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. Finally, Canaccord Genuity Group raised Olaplex from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $1.50 to $2.00 in a research note on Monday, August 25th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $1.88.

Olaplex Stock Down 2.8%

Shares of OLPX traded down $0.04 on Wednesday, hitting $1.41. The company's stock had a trading volume of 783,966 shares, compared to its average volume of 989,342. The firm's fifty day moving average price is $1.44 and its 200-day moving average price is $1.37. 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 quick ratio of 3.20, a current ratio of 3.86 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $940.58 million, a price-to-earnings ratio of 36.25 and a beta of 2.34.

Olaplex (NASDAQ:OLPX - Get Free Report) last announced its quarterly 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). Olaplex had a negative net margin of 0.30% and a positive return on equity of 3.32%. The company had revenue of $106.28 million during the quarter, compared to the consensus estimate of $100.30 million. During the same period in the previous year, the firm posted $0.03 EPS. The business's quarterly revenue was up 2.3% compared to the same quarter last year. Olaplex has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Olaplex Holdings, Inc. will post 0.1 EPS 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.