According to the State of Alaska Department of Revenue’s most recent Form 13F filing with the Securities and Exchange Commission, the department increased its holdings in Olaplex Holdings, Inc. (NASDAQ: OLPX) during the third quarter of 2018. (SEC). The institutional investor shelled out close to 519 thousand dollars to purchase 54,441 shares of the company’s stock. This represents the total number of shares that were acquired.
During the past few months, several other significant investors have bought and sold OLPX shares. The American International Group, Inc. increased the proportion of Olaplex owned by 98.6% during the second quarter. American International Group Inc. now has 1,940 shares after purchasing an additional 963 in the most recent quarter. The value of American International Group Inc.’s stock in the company is currently $27,000. During the second quarter, Captrust Financial Advisors successfully achieved a 156.2% increase in the amount of Olaplex stock that the company owned. The most recent fiscal quarter saw Captrust Financial Advisors purchase an additional 1,218 shares of the company’s stock. As a result, the firm now owns a total of 1,998 shares of the company’s stock, which has a value of $28,000. In addition, the First Manhattan Company increased its ownership stake in Olaplex by a factor of 6,000 during the first three months of the current year. Following the acquisition of an additional 2,100 shares during the most recent fiscal quarter, First Manhattan Co. now holds 2,135 shares of the company’s stock. Each share of the company’s stock is currently worth $33,000. During the first quarter, MetLife Investment Management LLC increased its holdings in Olaplex by investing approximately $36,000 more. This brought the total amount of money the firm has invested in Olaplex to approximately $70,000. And finally, during the first quarter, High Net Worth Advisory Group LLC increased its holdings in Olaplex by purchasing additional shares for approximately $81,000, bringing the total value of its investment in the company to approximately $81,000. The vast majority of the stock is owned by hedge funds and other institutional investors, making up 91.50% of the total.
OLPX began trading on Friday at $6.35. A debt-to-equity ratio comes in at 0.88; a quick ratio comes in at 3.91; a current ratio comes in at 5.61; and a quick ratio comes in at 3.91. Over the past 52 weeks, the share price of Olaplex Holdings, Inc. has moved in a range that has spanned from a low of $3.80 to a high of $23.69. The company’s market capitalization of $4.12 billion can be attributed to several factors, including its price-to-earnings ratio of 15.49, its price-to-earnings-to-growth ratio of 1.35, and its beta value of 1.41. The stock’s price, currently trading at $5.44, is lower than its moving average of the past 200 days, which is set at $10.00.
Olaplex (NASDAQ: OLPX) disclosed the results of its most recent quarterly earnings report on November 9 (Wednesday), which was the company’s regular business day. The company reported earnings per share at $0.11, which is $0.01 higher than analysts’ consensus estimate of $0.10. Olaplex had a return on equity of 52.06 percent and a net margin of 37.80 percent, both of which are respectable numbers. The actual revenue the company brought in for the quarter was $176.45 million, which is lower than the $176.26 million in revenue projected for the company throughout the quarter. This year, equity analysts forecast that Olaplex Holdings, Inc. will generate $0.44 per share earnings.
Over the past few days, OLPX has obtained commentary from several brokerages. Canaccord Genuity Group published a research report on November 17, a Thursday, and Olaplex was mentioned for the first time in that report. They recommended that the company “buy” the stock and establish an $8.00 price objective for the stock as their price objective. In a research note distributed on Wednesday, October 19, Raymond James lowered their price target for Olaplex from $20.00 to $15.00. The new price target is now $15.00. A “strong-buy” rating for the company was changed to a “market perform” rating after completing the review. Olaplex was previously given an “overweight” rating by JPMorgan Chase & Co., but that was changed to an “underweight” rating in a research report published on Wednesday, October 19. In addition, the company decided to cut its price target for the company from $16.00 to $8.00. On Wednesday, October 19, Telsey Advisory Group announced the publication of a research report that lowered their price objective for Olaplex from $25.00 to $11.00 and rated the company as “outperforming.” In addition, the report stated that Telsey Advisory Group believes that Olaplex will continue to perform well in the future and that this belief is supported by the data presented. Jefferies Financial Group shifted their recommendation for Olaplex stock from “buy” to “hold” and decreased their price objective from $18.00 to $6.00 in a research report published on Wednesday, October 19. Research analysts who focus on equities have assigned the stock three ratings of “sell,” four ratings of “hold,” and seven ratings of “buy.” The current recommendation for the company is “Hold,” and market analysts anticipate its price will reach $9.15 at some point shortly. Bloomberg provided this information.
Olaplex Holdings, Inc. is a company that is engaged in the production and retail sale of a variety of hair care products. This particular company manufactures shampoos and conditioners, which