Charles Schwab Investment Management Inc. Acquires 102,752 Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX)

Charles Schwab Investment Management Inc. lifted its holdings in Olaplex Holdings, Inc. (NASDAQ:OLPX) by 10.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,066,027 shares of the company’s stock after purchasing an additional 102,752 shares during the period. Charles Schwab Investment Management Inc. owned about 0.16% of Olaplex worth $2,505,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Intech Investment Management LLC purchased a new stake in Olaplex in the 3rd quarter worth approximately $80,000. Victory Capital Management Inc. increased its holdings in Olaplex by 101.0% in the 3rd quarter. Victory Capital Management Inc. now owns 128,079 shares of the company’s stock worth $301,000 after acquiring an additional 64,370 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in Olaplex in the 3rd quarter worth approximately $68,000. Ballentine Partners LLC purchased a new stake in Olaplex in the 3rd quarter worth approximately $28,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Olaplex by 49,511.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 269,392 shares of the company’s stock worth $633,000 after acquiring an additional 268,849 shares in the last quarter. Institutional investors own 87.37% of the company’s stock.

Insider Transactions at Olaplex

In other news, Director John P. Bilbrey acquired 51,697 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $1.75 per share, for a total transaction of $90,469.75. Following the completion of the acquisition, the director now directly owns 318,418 shares of the company’s stock, valued at $557,231.50. The trade was a 19.38 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Olaplex Stock Up 1.9 %

Shares of OLPX opened at $2.10 on Monday. The company has a market cap of $1.39 billion, a PE ratio of 35.00 and a beta of 2.48. The business has a fifty day moving average of $2.00 and a 200 day moving average of $1.98. Olaplex Holdings, Inc. has a 52-week low of $1.19 and a 52-week high of $2.98. The company has a quick ratio of 10.32, a current ratio of 11.84 and a debt-to-equity ratio of 0.73.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on OLPX shares. Barclays reduced their target price on shares of Olaplex from $2.00 to $1.50 and set an “equal weight” rating for the company in a report on Monday, November 11th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $3.00 price objective on shares of Olaplex in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $2.30.

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.