Janus Henderson Group PLC Has $162,000 Stock Position in Olaplex Holdings, Inc. (NASDAQ:OLPX)

Janus Henderson Group PLC reduced its holdings in Olaplex Holdings, Inc. (NASDAQ:OLPX - Free Report) by 83.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 84,047 shares of the company's stock after selling 433,236 shares during the quarter. Janus Henderson Group PLC's holdings in Olaplex were worth $162,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OLPX. Vanguard Group Inc. increased its position in Olaplex by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 11,935,003 shares of the company's stock valued at $22,915,000 after acquiring an additional 929,693 shares during the period. Sanders Morris Harris LLC acquired a new position in Olaplex in the 1st quarter valued at approximately $660,000. Allspring Global Investments Holdings LLC increased its position in Olaplex by 119,729.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 336,722 shares of the company's stock valued at $855,000 after acquiring an additional 336,441 shares during the period. Norden Group LLC acquired a new position in Olaplex in the 1st quarter valued at approximately $563,000. Finally, PEAK6 Investments LLC acquired a new stake in shares of Olaplex during the first quarter worth $232,000. 87.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on OLPX shares. Telsey Advisory Group reiterated a "market perform" rating and set a $2.00 price objective on shares of Olaplex in a research report on Tuesday. TD Cowen increased their price objective on shares of Olaplex from $1.80 to $2.00 and gave the stock a "hold" rating in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $2.46.

View Our Latest Analysis on Olaplex

Olaplex Trading Down 16.4 %

NASDAQ:OLPX opened at $1.84 on Thursday. The company has a current ratio of 10.71, a quick ratio of 9.12 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 26.21 and a beta of 2.42. The firm has a fifty day simple moving average of $1.76 and a two-hundred day simple moving average of $1.79. Olaplex Holdings, Inc. has a 12 month low of $1.19 and a 12 month high of $3.45.

Olaplex (NASDAQ:OLPX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.03 EPS for the quarter, hitting analysts' consensus estimates of $0.03. The business had revenue of $103.90 million during the quarter, compared to analysts' expectations of $103.65 million. Olaplex had a net margin of 10.91% and a return on equity of 11.61%. The business's quarterly revenue was down 4.9% on a year-over-year basis. During the same period last year, the company posted $0.03 earnings per share. Analysts expect that Olaplex Holdings, Inc. will post 0.14 EPS for the current fiscal year.

About Olaplex

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.

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