336,657 Shares in Olaplex Holdings, Inc. $OLPX Acquired by Nuveen LLC

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

Several other institutional investors also recently bought and sold shares of OLPX. Dimensional Fund Advisors LP raised its holdings in Olaplex by 162.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,316,519 shares of the company's stock valued at $4,008,000 after buying an additional 1,432,400 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in Olaplex during the first quarter valued at about $239,000. State of Wyoming raised its holdings in Olaplex by 53.6% during the fourth quarter. State of Wyoming now owns 301,253 shares of the company's stock valued at $521,000 after buying an additional 105,164 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of Olaplex in the first quarter worth about $123,000. Finally, TD Asset Management Inc increased its stake in shares of Olaplex by 15.2% in the first quarter. TD Asset Management Inc now owns 678,942 shares of the company's stock worth $862,000 after purchasing an additional 89,698 shares during the period. 87.37% of the stock is currently owned by institutional investors.

Olaplex Price Performance

Shares of OLPX traded down $0.02 on Tuesday, hitting $1.47. The company's stock had a trading volume of 356,946 shares, compared to its average volume of 1,341,756. The company has a market capitalization of $977.27 million, a PE ratio of 37.25 and a beta of 2.34. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.86 and a quick ratio of 3.20. 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 50 day moving average price of $1.45 and a 200 day moving average price of $1.37.

Olaplex (NASDAQ:OLPX - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The business had revenue of $106.28 million during the quarter, compared to analyst estimates of $100.30 million. Olaplex had a positive return on equity of 3.32% and a negative net margin of 0.30%.The firm's revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 earnings per share. Olaplex has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Olaplex Holdings, Inc. will post 0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on OLPX shares. Wall Street Zen upgraded Olaplex from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Canaccord Genuity Group upgraded 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. Telsey Advisory Group reiterated a "market perform" rating and issued a $2.00 price objective on shares of Olaplex in a research note on Thursday, August 7th. Finally, Barclays lifted their price objective on Olaplex from $1.40 to $1.50 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $1.88.

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.