Boston Partners Has $44,000 Stake in Olaplex Holdings, Inc. $OLPX

Key Points

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Boston Partners cut its holdings in Olaplex Holdings, Inc. (NASDAQ:OLPX - Free Report) by 99.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,878 shares of the company's stock after selling 6,639,291 shares during the period. Boston Partners' holdings in Olaplex were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Teacher Retirement System of Texas bought a new position in shares of Olaplex in the 1st quarter worth about $25,000. Hsbc Holdings PLC bought a new position in shares of Olaplex in the 4th quarter worth about $34,000. BNP Paribas Financial Markets bought a new position in shares of Olaplex in the 4th quarter worth about $35,000. American Alpha Advisors LLC raised its position in shares of Olaplex by 100.0% in the 1st quarter. American Alpha Advisors LLC now owns 50,000 shares of the company's stock worth $64,000 after acquiring an additional 25,000 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Olaplex by 49.1% in the 4th quarter. ProShare Advisors LLC now owns 39,052 shares of the company's stock worth $68,000 after acquiring an additional 12,852 shares in the last quarter. 87.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

OLPX has been the subject of several research analyst reports. Telsey Advisory Group reissued a "market perform" rating and issued a $2.00 price objective on shares of Olaplex in a research report on Thursday, August 7th. Barclays boosted their target price on Olaplex from $1.40 to $1.50 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Canaccord Genuity Group decreased their target price on Olaplex from $2.00 to $1.50 and set a "hold" rating for the company in a research report on Friday, August 8th. Finally, Wall Street Zen raised Olaplex from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Olaplex currently has an average rating of "Hold" and a consensus target price of $1.75.

Olaplex Stock Up 4.5%

OLPX stock traded up $0.06 during mid-day trading on Friday, reaching $1.40. 658,049 shares of the company traded hands, compared to its average volume of 897,616. The stock has a market cap of $933.91 million, a price-to-earnings ratio of 35.00 and a beta of 2.33. The company has a quick ratio of 3.20, a current ratio of 3.86 and a debt-to-equity ratio of 0.40. Olaplex Holdings, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $2.77. The firm's 50 day moving average price is $1.45 and its 200 day moving average price is $1.37.

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