The Vanguard Group, Inc. has recently announced that it has increased stake in Olaplex Holdings Inc (NASDAQ:OLPX) by 8.41%. After grabbing 9.44 million shares, the institutional investor is now in possession of 0.73 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 1.44% having worth around $20.57 million. Moreover, Pacer Advisors, Inc. increased its share by 2.01 million to have a control over 6.11 million shares. And BlackRock Fund Advisors raised its holdings to 0.39 million shares by acquiring 4.67 million shares or 0.71% of the stake.
Olaplex Holdings Inc (OLPX) concluded trading on 01/03/24 at a closing price of $2.15, with 4.72 million shares of worth about $10.14 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -42.36% during that period and on Wednesday the price saw a loss of about -14.00%. Currently the company’s common shares owned by public are about 650.09M shares, out of which, 124.89M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 16 times over the past 12 months. They bought 1,131,364 shares in 16 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Pacer Fds. Tr. – US Cash Cows 100, Fidelity Contrafund, and Fidelity Select Consumer Staples are the top 3 mutual funds which are holding stakes in Olaplex Holdings Inc Pacer Fds. Tr. – US Cash Cows 100 is currently holding 6.78 million shares of worth totaling $14.77 million. The company recently came buying 1990.0 shares which brought its stake up to 1.03% of the company’s outstanding shares. Fidelity Contrafund sold -1.04 million shares, after which its hold over company’s outstanding shares shrunk to 0.75%, leaving 4.89 million shares with the mutual fund that have a worth of about $10.67 million. Fidelity Select Consumer Staples, after buying 4.04 million shares, have now control over 0.62% of the stake in the company. It holds 0.0 shares of worth $8.82 million.
Olaplex Holdings Inc (NASDAQ: OLPX) started trading at $2.43, below -$0.07 from concluding price of the previous day. However, the stock later moved at a day high price of 2.4350, or with a loss of -14.00%. Stock saw a price change of -12.60% in past 5 days and over the past one month there was a price change of -8.51%. Year-to-date (YTD), OLPX shares are showing a performance of -15.35% which decreased to -58.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.35 but also hit the highest price of $7.10 during that period. The average intraday trading volume for Olaplex Holdings Inc shares is 2.52 million. The stock is currently trading -13.32% below its 20-day simple moving average (SMA20), while that difference is up 5.21% for SMA50 and it goes to -26.87% lower than SMA200.
The Vanguard Group, Inc. acquired 9.44 million shares of Olaplex Holdings Inc having value of about $20.57 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.73 million shares in the company valued at close to $1574320.3, or have control over 8.41% stake in the company. Olaplex Holdings Inc (NASDAQ: OLPX) currently have 650.09M outstanding shares and institutions hold larger chunk of about 19.44% of that. Holding of mutual funds in the company is about 156.99% while other institutional holders and individual stake holders have control over 7.31% and 12.12% of the stake respectively.
The stock has a current market capitalization of $1.41B and its 3Y-monthly beta is at 2.39. PE ratio of stock for trailing 12 months is 18.10, while it has posted earnings per share of $0.12 in the same period. It has Quick Ratio of 8.68 while making debt-to-equity ratio of 0.78. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OLPX, volatility over the week remained 11.27% while standing at 8.03% over the month.
Analysts are in expectations that Olaplex Holdings Inc (OLPX) stock would likely to be making an EPS of $0.03 in the current quarter, while forecast for next quarter EPS is $0.04 and it is $0.18 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.02 which is $0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -65.86% while it is estimated to increase by 17.70% in next year.
Analysts at 12 brokerage firms have issued recommendations for the Olaplex Holdings Inc (OLPX)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.17. Out of those 12 Wall Street analysts, 1 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
