Olaplex Holdings, Inc. (NASDAQ:OLPX) Director John P. Bilbrey Acquires 51,697 Shares of Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) Director John P. Bilbrey purchased 51,697 shares of Olaplex stock in a transaction on Monday, November 18th. The shares were acquired at an average cost of $1.75 per share, for a total transaction of $90,469.75. Following the purchase, the director now owns 318,418 shares in the company, valued at approximately $557,231.50. This trade represents a 19.38 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Olaplex Trading Up 1.7 %

OLPX stock opened at $1.75 on Wednesday. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 29.17 and a beta of 2.47. The company has a quick ratio of 10.32, a current ratio of 11.84 and a debt-to-equity ratio of 0.73. The business has a fifty day simple moving average of $2.10 and a 200-day simple moving average of $1.91. Olaplex Holdings, Inc. has a 52 week low of $1.19 and a 52 week high of $2.98.

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

Analyst Ratings Changes

OLPX has been the topic of a number of recent analyst reports. TD Cowen increased their price target on Olaplex from $1.80 to $2.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Barclays dropped their price objective on Olaplex from $2.00 to $1.50 and set an “equal weight” rating for the company in a report on Monday, November 11th. Finally, Telsey Advisory Group restated a “market perform” rating and set 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $2.30.

Institutional Trading of Olaplex

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Olaplex by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 11,935,003 shares of the company’s stock valued at $22,915,000 after purchasing an additional 929,693 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Olaplex by 29.1% during the second quarter. Bank of New York Mellon Corp now owns 942,288 shares of the company’s stock valued at $1,451,000 after acquiring an additional 212,129 shares in the last quarter. Scion Asset Management LLC acquired a new stake in shares of Olaplex during the second quarter valued at about $1,533,000. Quadrature Capital Ltd grew its stake in shares of Olaplex by 50.4% during the first quarter. Quadrature Capital Ltd now owns 88,206 shares of the company’s stock valued at $170,000 after acquiring an additional 29,545 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Olaplex by 126.4% during the second quarter. The Manufacturers Life Insurance Company now owns 80,843 shares of the company’s stock valued at $124,000 after acquiring an additional 45,133 shares in the last quarter. 87.37% of the stock is currently owned by institutional investors and hedge funds.

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.