Olaplex (NASDAQ:OLPX – Get Free Report)’s stock had its “outperform” rating reissued by stock analysts at Telsey Advisory Group in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $6.00 price target on the stock. Telsey Advisory Group’s target price indicates a potential upside of 66.67% from the company’s previous close.
Separately, Bank of America reduced their price objective on Olaplex from $4.00 to $3.25 in a research note on Wednesday, May 10th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Olaplex has an average rating of “Hold” and an average price target of $7.59.
Olaplex Stock Down 3.0 %
Shares of NASDAQ:OLPX opened at $3.60 on Tuesday. Olaplex has a 52-week low of $3.05 and a 52-week high of $17.77. The firm has a market capitalization of $2.36 billion, a P/E ratio of 12.00, a P/E/G ratio of 1.34 and a beta of 1.68. The stock has a 50 day moving average price of $3.69 and a 200-day moving average price of $4.34. The company has a debt-to-equity ratio of 0.81, a quick ratio of 7.41 and a current ratio of 9.68.
Olaplex (NASDAQ:OLPX – Get Free Report) last posted its earnings results on Tuesday, May 9th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $113.79 million during the quarter, compared to the consensus estimate of $110.19 million. Olaplex had a return on equity of 33.05% and a net margin of 32.14%. The company’s quarterly revenue was down 38.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. As a group, equities research analysts anticipate that Olaplex will post 0.26 EPS for the current fiscal year.
Institutional Investors Weigh In On Olaplex
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fox Run Management L.L.C. acquired a new stake in Olaplex during the fourth quarter worth about $60,000. Aviva PLC increased its holdings in shares of Olaplex by 43.2% in the fourth quarter. Aviva PLC now owns 199,127 shares of the company’s stock valued at $1,037,000 after purchasing an additional 60,088 shares in the last quarter. FDx Advisors Inc. acquired a new stake in shares of Olaplex in the fourth quarter valued at approximately $131,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Olaplex in the fourth quarter valued at approximately $106,000. Finally, Royal London Asset Management Ltd. acquired a new stake in Olaplex during the 4th quarter worth $72,000. 91.63% of the stock is owned by institutional investors and hedge funds.
About Olaplex
Olaplex Holdings, Inc develops, manufactures, and sells hair care products. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.