Olaplex FY2024 EPS Estimate Reduced by Telsey Advisory Group

Olaplex Holdings, Inc. (NASDAQ:OLPX - Free Report) - Stock analysts at Telsey Advisory Group dropped their FY2024 EPS estimates for shares of Olaplex in a note issued to investors on Friday, November 8th. Telsey Advisory Group analyst D. Telsey now anticipates that the company will post earnings per share of $0.11 for the year, down from their prior estimate of $0.14. Telsey Advisory Group currently has a "Market Perform" rating and a $3.00 target price on the stock. The consensus estimate for Olaplex's current full-year earnings is $0.13 per share. Telsey Advisory Group also issued estimates for Olaplex's Q4 2024 earnings at $0.01 EPS and FY2025 earnings at $0.13 EPS.

Several other analysts have also issued reports on the stock. TD Cowen upped their price target on shares of Olaplex from $1.80 to $2.00 and gave the stock a "hold" rating in a research report on Wednesday, August 7th. Barclays reduced their price objective on shares of Olaplex from $2.00 to $1.50 and set an "equal weight" rating for the company in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Olaplex presently has a consensus rating of "Hold" and an average target price of $2.30.

Olaplex Stock Down 1.8 %

Shares of NASDAQ:OLPX traded down $0.03 during midday trading on Monday, reaching $1.68. 4,578,252 shares of the company were exchanged, compared to its average volume of 2,432,999. The stock has a fifty day simple moving average of $2.16 and a two-hundred day simple moving average of $1.90. The firm has a market cap of $1.11 billion, a PE ratio of 27.50 and a beta of 2.47. The company has a quick ratio of 7.85, a current ratio of 9.27 and a debt-to-equity ratio of 0.75. Olaplex has a fifty-two week low of $1.19 and a fifty-two week high of $2.98.

Olaplex (NASDAQ:OLPX - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.04 EPS for the quarter, hitting analysts' consensus estimates of $0.04. The business had revenue of $119.10 million during the quarter, compared to analysts' expectations of $126.51 million. Olaplex had a return on equity of 10.57% and a net margin of 9.78%. The firm's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.05 earnings per share.

Institutional Trading of Olaplex

Several hedge funds and other institutional investors have recently modified their holdings of OLPX. Pacer Advisors Inc. raised its position in shares of Olaplex by 42.0% during the 2nd quarter. Pacer Advisors Inc. now owns 19,686,481 shares of the company's stock valued at $30,317,000 after buying an additional 5,824,889 shares in the last quarter. Vanguard Group Inc. raised its position in Olaplex by 8.4% during the first quarter. Vanguard Group Inc. now owns 11,935,003 shares of the company's stock valued at $22,915,000 after purchasing an additional 929,693 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Olaplex by 0.6% in the 2nd quarter. Renaissance Technologies LLC now owns 2,501,400 shares of the company's stock worth $3,852,000 after purchasing an additional 14,200 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Olaplex by 20.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,073,878 shares of the company's stock valued at $1,654,000 after purchasing an additional 184,091 shares during the last quarter. Finally, Scion Asset Management LLC purchased a new position in shares of Olaplex during the 2nd quarter valued at about $1,533,000. Institutional investors own 87.37% of the company's stock.

Insider Transactions at Olaplex

In other Olaplex news, Director John P. Bilbrey acquired 183,493 shares of the stock in a transaction on Monday, August 19th. The shares were purchased at an average price of $2.05 per share, for a total transaction of $376,160.65. Following the completion of the acquisition, the director now owns 241,593 shares in the company, valued at approximately $495,265.65. This represents a 300.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.20% of the company's stock.

Olaplex Company 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.