Dimensional Fund Advisors LP Sells 285,660 Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX)

Dimensional Fund Advisors LP lessened its position in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) by 48.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 299,904 shares of the company’s stock after selling 285,660 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Olaplex were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Syon Capital LLC bought a new position in Olaplex during the fourth quarter worth about $115,000. Wedmont Private Capital boosted its stake in shares of Olaplex by 96.6% in the 1st quarter. Wedmont Private Capital now owns 36,794 shares of the company’s stock valued at $71,000 after purchasing an additional 18,081 shares in the last quarter. Sanders Morris Harris LLC bought a new stake in shares of Olaplex in the 1st quarter worth about $660,000. Norden Group LLC acquired a new stake in shares of Olaplex during the 1st quarter worth about $563,000. Finally, HB Wealth Management LLC lifted its holdings in Olaplex by 115.0% during the 1st quarter. HB Wealth Management LLC now owns 29,575 shares of the company’s stock valued at $57,000 after purchasing an additional 15,821 shares during the last quarter. Institutional investors own 87.37% of the company’s stock.

Wall Street Analysts Forecast Growth

OLPX has been the topic of several research analyst reports. TD Cowen upped their price objective on shares of Olaplex from $1.80 to $2.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Telsey Advisory Group restated a “market perform” rating and set a $2.00 price target on shares of Olaplex in a research report on Tuesday, August 6th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.22.

Insider Buying and Selling at Olaplex

In other news, Director John P. Bilbrey bought 183,493 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was bought at an average price of $2.05 per share, for a total transaction of $376,160.65. Following the completion of the transaction, the director now directly owns 241,593 shares in the company, valued at $495,265.65. The trade was a 300.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 4.20% of the company’s stock.

Olaplex Stock Up 2.2 %

Shares of NASDAQ:OLPX opened at $2.29 on Monday. The company has a quick ratio of 7.85, a current ratio of 9.27 and a debt-to-equity ratio of 0.75. The firm has a market cap of $1.52 billion, a P/E ratio of 32.71 and a beta of 2.44. Olaplex Holdings, Inc. has a 12 month low of $1.19 and a 12 month high of $2.98. The company’s 50-day moving average price is $2.20 and its two-hundred day moving average price is $1.84.

Olaplex (NASDAQ:OLPX) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. Olaplex had a net margin of 10.95% and a return on equity of 11.16%. The business had revenue of $103.90 million for the quarter, compared to analysts’ expectations of $103.65 million. During the same period in the prior year, the firm earned $0.03 earnings per share. Olaplex’s revenue was down 4.9% compared to the same quarter last year. As a group, research analysts forecast that Olaplex Holdings, Inc. will post 0.14 EPS for the current fiscal year.

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.