Franklin Resources Inc. Invests $664,000 in Olaplex Holdings, Inc. (NASDAQ:OLPX)

Franklin Resources Inc. bought a new stake in Olaplex Holdings, Inc. (NASDAQ:OLPX - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 299,175 shares of the company's stock, valued at approximately $664,000.

Other large investors also recently made changes to their positions in the company. Ballentine Partners LLC acquired a new position in shares of Olaplex during the 3rd quarter worth approximately $28,000. Quarry LP acquired a new stake in Olaplex during the second quarter worth approximately $33,000. Cinctive Capital Management LP bought a new position in Olaplex during the 3rd quarter worth $38,000. Vanguard Personalized Indexing Management LLC raised its holdings in Olaplex by 38.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,819 shares of the company's stock valued at $40,000 after acquiring an additional 7,235 shares in the last quarter. Finally, Abel Hall LLC lifted its position in shares of Olaplex by 68.1% during the 3rd quarter. Abel Hall LLC now owns 18,261 shares of the company's stock valued at $43,000 after acquiring an additional 7,397 shares during the period. Institutional investors own 87.37% of the company's stock.

Olaplex Trading Down 1.1 %

Shares of NASDAQ:OLPX traded down $0.02 during midday trading on Monday, hitting $1.73. 1,503,213 shares of the stock were exchanged, compared to its average volume of 2,357,906. Olaplex Holdings, Inc. has a 12 month low of $1.19 and a 12 month high of $2.77. The company has a debt-to-equity ratio of 0.73, a quick ratio of 10.32 and a current ratio of 11.84. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 28.84 and a beta of 2.48. The business's 50-day moving average price is $1.93 and its 200 day moving average price is $1.98.

Olaplex (NASDAQ:OLPX - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, hitting analysts' consensus estimates of $0.04. The firm had revenue of $119.10 million during the quarter, compared to the consensus estimate of $126.51 million. Olaplex had a return on equity of 10.50% and a net margin of 9.78%. The business's revenue was down 3.6% compared to the same quarter last year. During the same period last year, the business posted $0.05 EPS. Analysts predict that Olaplex Holdings, Inc. will post 0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $3.00 price target on shares of Olaplex in a research note on Thursday, November 7th. Barclays decreased their price target on Olaplex from $2.00 to $1.50 and set an "equal weight" rating on the stock in a research note on Monday, November 11th. Four investment 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 company has a consensus rating of "Hold" and an average target price of $2.30.

Insider Buying and Selling at Olaplex

In related news, Director John P. Bilbrey acquired 25,128 shares of the stock in a transaction dated Friday, November 15th. The stock was bought at an average price of $1.76 per share, for a total transaction of $44,225.28. Following the purchase, the director now directly owns 266,721 shares of the company's stock, valued at $469,428.96. The trade was a 10.40 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.20% of the company's stock.

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.