Public Employees Retirement System of Ohio Sells 5,879 Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX)

Public Employees Retirement System of Ohio reduced its stake in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) by 10.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,067 shares of the company’s stock after selling 5,879 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Olaplex were worth $103,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in OLPX. Oak Thistle LLC bought a new stake in Olaplex during the third quarter worth approximately $25,000. American International Group Inc. boosted its position in shares of Olaplex by 98.6% during the second quarter. American International Group Inc. now owns 1,940 shares of the company’s stock valued at $27,000 after buying an additional 963 shares during the period. Captrust Financial Advisors boosted its position in shares of Olaplex by 156.2% during the second quarter. Captrust Financial Advisors now owns 1,998 shares of the company’s stock valued at $28,000 after buying an additional 1,218 shares during the period. First Manhattan Co. boosted its position in shares of Olaplex by 6,000.0% during the first quarter. First Manhattan Co. now owns 2,135 shares of the company’s stock valued at $33,000 after buying an additional 2,100 shares during the period. Finally, Creative Planning purchased a new position in shares of Olaplex during the third quarter valued at approximately $33,000. 87.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OLPX has been the subject of several recent analyst reports. Truist Financial dropped their target price on Olaplex from $7.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Piper Sandler raised Olaplex from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $1.25 to $2.00 in a research note on Tuesday, March 19th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 price objective on shares of Olaplex in a research note on Thursday, February 29th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Olaplex presently has an average rating of “Hold” and a consensus price target of $2.59.

Olaplex Stock Performance

Shares of OLPX opened at $1.92 on Friday. Olaplex Holdings, Inc. has a 12 month low of $1.35 and a 12 month high of $4.30. The stock has a fifty day moving average price of $2.05 and a 200-day moving average price of $2.05. The company has a current ratio of 10.92, a quick ratio of 9.21 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1.27 billion, a PE ratio of 21.34 and a beta of 2.27.

Olaplex (NASDAQ:OLPX) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. Olaplex had a return on equity of 13.09% and a net margin of 13.44%. The firm had revenue of $111.72 million during the quarter, compared to analyst estimates of $108.29 million. During the same quarter in the prior year, the business posted $0.07 EPS. The business’s revenue for the quarter was down 14.5% compared to the same quarter last year. Equities research analysts predict that Olaplex Holdings, Inc. will post 0.14 earnings per share for the current fiscal year.

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.