Olaplex (NASDAQ:OLPX) Issues Earnings Results

Key Points

• Olaplex reported a quarterly earnings per share of ($0.01), missing analysts' estimates of $0.01 by ($0.02), despite a revenue of $106.28 million which exceeded expectations.
• Following the earnings release, Olaplex shares dropped 9.8% to $1.29 with a trading volume surpassing its average.
• Institutional investors own 87.37% of Olaplex stock, with several hedge funds increasing their stakes during recent quarters.

Olaplex (NASDAQ:OLPX - Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02), Zacks reports. Olaplex had a positive return on equity of 3.32% and a negative net margin of 0.30%. The company had revenue of $106.28 million for the quarter, compared to analyst estimates of $100.30 million. During the same period in the previous year, the business posted $0.03 EPS. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. Olaplex updated its FY 2025 guidance to EPS.

Olaplex Trading Down 9.8%

Shares of OLPX traded down $0.14 during mid-day trading on Friday, hitting $1.29. The company had a trading volume of 2,751,573 shares, compared to its average volume of 1,165,416. The business's 50-day simple moving average is $1.43 and its 200-day simple moving average is $1.38. The company has a quick ratio of 9.53, a current ratio of 10.74 and a debt-to-equity ratio of 0.73. Olaplex has a 1-year low of $1.01 and a 1-year high of $2.77. The stock has a market cap of $858.83 million, a PE ratio of 64.50 and a beta of 2.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OLPX. Empowered Funds LLC acquired a new position in shares of Olaplex during the first quarter worth $576,000. Jane Street Group LLC increased its stake in Olaplex by 151.8% during the first quarter. Jane Street Group LLC now owns 88,321 shares of the company's stock valued at $112,000 after purchasing an additional 258,873 shares during the last quarter. Finally, Creative Planning increased its stake in Olaplex by 35.0% during the second quarter. Creative Planning now owns 37,357 shares of the company's stock valued at $52,000 after purchasing an additional 9,690 shares during the last quarter. 87.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on OLPX shares. Barclays lifted their target price on shares of Olaplex from $1.40 to $1.50 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $2.00 target price on shares of Olaplex in a report on Thursday. Wall Street Zen raised shares of Olaplex from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Canaccord Genuity Group dropped their price objective on shares of Olaplex from $2.00 to $1.50 and set a "hold" rating on the stock in a research note on Friday. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $1.75.

About Olaplex

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.

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