John P. Bilbrey Acquires 25,128 Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) Director John P. Bilbrey bought 25,128 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was purchased at an average cost of $1.76 per share, for a total transaction of $44,225.28. Following the completion of the acquisition, the director now owns 266,721 shares in the company, valued at $469,428.96. This trade represents a 10.40 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Olaplex Stock Up 4.0 %

Shares of NASDAQ:OLPX opened at $1.82 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 10.32 and a current ratio of 11.84. Olaplex Holdings, Inc. has a 52-week low of $1.19 and a 52-week high of $2.98. The company has a market capitalization of $1.21 billion, a PE ratio of 30.34 and a beta of 2.47. The company has a fifty day moving average of $2.10 and a 200-day moving average of $1.91.

Olaplex (NASDAQ:OLPX) last posted its earnings results on Thursday, November 7th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. Olaplex had a net margin of 9.78% and a return on equity of 10.50%. The business had revenue of $119.10 million for the quarter, compared to the consensus estimate of $126.51 million. During the same period last year, the company earned $0.05 EPS. The firm’s revenue was down 3.6% compared to the same quarter last year. On average, equities analysts predict that Olaplex Holdings, Inc. will post 0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Olaplex

Institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its holdings in Olaplex by 27.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 30,957 shares of the company’s stock valued at $60,000 after buying an additional 6,614 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Olaplex by 38.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,819 shares of the company’s stock worth $40,000 after purchasing an additional 7,235 shares during the period. Abel Hall LLC increased its stake in Olaplex by 68.1% in the third quarter. Abel Hall LLC now owns 18,261 shares of the company’s stock valued at $43,000 after purchasing an additional 7,397 shares in the last quarter. Catalina Capital Group LLC boosted its position in shares of Olaplex by 51.3% during the 2nd quarter. Catalina Capital Group LLC now owns 24,088 shares of the company’s stock worth $37,000 after purchasing an additional 8,172 shares in the last quarter. Finally, Sanders Morris Harris LLC grew its stake in shares of Olaplex by 2.9% in the 3rd quarter. Sanders Morris Harris LLC now owns 354,000 shares of the company’s stock valued at $832,000 after buying an additional 10,000 shares during the period. Institutional investors own 87.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OLPX. Barclays cut their price objective on Olaplex from $2.00 to $1.50 and set an “equal weight” rating for the company in a research report on Monday, November 11th. TD Cowen lifted their price objective on shares of Olaplex from $1.80 to $2.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $3.00 price objective on shares of Olaplex in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $2.30.

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.