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

Olaplex Holdings, Inc. (NASDAQ:OLPX) Director John P. Bilbrey purchased 51,697 shares of Olaplex stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $1.75 per share, for a total transaction of $90,469.75. Following the transaction, the director now directly owns 318,418 shares of the company’s stock, valued at approximately $557,231.50. The trade was a 19.38 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Olaplex Stock Up 1.7 %

OLPX opened at $1.75 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 10.32 and a current ratio of 11.84. The company has a market capitalization of $1.16 billion, a PE ratio of 29.17 and a beta of 2.47. The stock’s fifty day moving average is $2.10 and its 200-day moving average is $1.91. Olaplex Holdings, Inc. has a one year low of $1.19 and a one year high of $2.98.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Olaplex by 14.5% during the third quarter. Geode Capital Management LLC now owns 3,708,821 shares of the company’s stock valued at $8,717,000 after purchasing an additional 468,570 shares in the last quarter. Abel Hall LLC grew its position in Olaplex by 68.1% during 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. XTX Topco Ltd grew its position in Olaplex by 981.5% during the third quarter. XTX Topco Ltd now owns 127,407 shares of the company’s stock valued at $299,000 after purchasing an additional 115,626 shares in the last quarter. Jane Street Group LLC grew its position in Olaplex by 5,728.5% during the third quarter. Jane Street Group LLC now owns 2,633,397 shares of the company’s stock valued at $6,188,000 after purchasing an additional 2,588,216 shares in the last quarter. Finally, Cinctive Capital Management LP purchased a new position in Olaplex during the third quarter valued at approximately $38,000. 87.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OLPX has been the topic of several research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $3.00 price target on shares of Olaplex in a research report on Thursday, November 7th. TD Cowen increased their price target 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, Barclays reduced their price target on shares of Olaplex from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.