20,424 Shares in Olaplex Holdings, Inc. (NASDAQ:OLPX) Purchased by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System acquired a new position in shares of Olaplex Holdings, Inc. (NASDAQ:OLPXGet Rating) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,424 shares of the company’s stock, valued at approximately $288,000.

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Olaplex during the first quarter valued at $1,656,000. Victory Capital Management Inc. lifted its position in Olaplex by 85.6% during the 1st quarter. Victory Capital Management Inc. now owns 19,250 shares of the company’s stock valued at $283,000 after purchasing an additional 8,879 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Olaplex by 12.6% in the 1st quarter. New York State Common Retirement Fund now owns 378,523 shares of the company’s stock valued at $5,916,000 after purchasing an additional 42,501 shares during the last quarter. IvyRock Asset Management HK Ltd acquired a new stake in shares of Olaplex during the 1st quarter worth approximately $516,000. Finally, KBC Group NV raised its stake in shares of Olaplex by 93.6% during the first quarter. KBC Group NV now owns 634,186 shares of the company’s stock worth $9,912,000 after buying an additional 306,571 shares during the last quarter. 92.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Cowen lowered their target price on shares of Olaplex from $22.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday, October 19th. Barclays cut Olaplex from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a report on Wednesday, October 19th. JPMorgan Chase & Co. cut Olaplex from an “overweight” rating to an “underweight” rating and lowered their price target for the company from $16.00 to $8.00 in a research note on Wednesday, October 19th. Morgan Stanley reduced their price objective on shares of Olaplex from $6.50 to $6.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 10th. Finally, Truist Financial lowered their target price on shares of Olaplex from $25.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, October 19th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.15.

Olaplex Trading Down 7.7 %

Shares of NASDAQ:OLPX opened at $5.26 on Tuesday. Olaplex Holdings, Inc. has a 52-week low of $3.80 and a 52-week high of $30.41. The company has a market capitalization of $3.41 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02. The company has a 50-day simple moving average of $7.73 and a 200 day simple moving average of $12.42. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.91 and a current ratio of 5.61.

About Olaplex

(Get Rating)

Olaplex Holdings, Inc manufactures and sells hair care products. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair. It provides hair care products to professional hair salons, retailers, and everyday consumers. The company was founded in 2014 and is based in Santa Barbara, California.

Further Reading

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Institutional Ownership by Quarter for Olaplex (NASDAQ:OLPX)

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