The outbreak of the coronavirus in early 2020 disrupted Olaplex’s retail stores, hair salons, manufacturing, and distribution. Many salons were required to close or operate at reduced capacity, which triggered a shift in demand from the company’s professional sales channel to its specialty retail and DTC channels. The company’s two institutional shareholders sold a combined 73.7 million shares. Olaplex originally filed for an IPO for shares of common stock held by its two institutional shareholders on Aug. 27, 2021. Olaplex’s hair-repair products are in high demand as people become more concerned about their hair health and appearance.
In 2020, the company’s adjusted EBITDA increased YoY to $199 million from $100 million, and its professional channel distribution accounted for 55 percent of the company’s total net sales. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site.
- What analysts recommend for OLPX stock, on a scale from 1 to 5.
- The RS line is well below highs following its September initial public offering.
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Olaplex has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The offers that appear in this table are from partnerships from which Investopedia receives compensation.
Olaplex – OLPX Stock Forecast, Price & News
However, analysts commonly use some key metrics to help gauge the value of a stock. Finder is not an advisor or brokerage service, and we don’t recommend investors to trade specific stocks or other investments. In all of 2021, analysts project Olaplex earnings of 39 cents per share, according to FactSet. Sales are likely to reach $584 million in 2021, more than double 2020’s $282 million.
Goldman Sachs, JPMorganChase, Morgan Stanley, and Barclays are the joint lead book-running managers. The underwriters have the option to purchase an additional 10.1 million shares at the IPO price. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. We may receive payment from our affiliates for featured placement of their products or services. We may also receive payment if you click on certain links posted on our site.
Olaplex Holdings (OLPX)
Tiffany Walden is the chief operating officer , chief legal officer, and secretary, and Eric Tiziani is the chief financial officer . Wong, who has extensive experience in the beauty and consumer industries, was named CEO in January 2020. Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss Olaplex earnings and how the stock is reacting on Tuesday morning. In 2022, OLPX’s revenue was $704.27 million, an increase of 17.70% compared to the previous year’s $598.37 million. You can buy Olaplex stock after it starts trading on Sep. 30. The stock will be available on all the major brokerages, including Robinhood.
The size of the global hair care market is expected to grow from an estimated $92.5 billion in 2020 to $105.1 billion in 2025. The company’s operations and financial results https://day-trading.info/ were also affected by the COVID-19 pandemic. Find out how stock lending works, the extra income you could potentially earn and the risks you should be aware of.
Earnings Preview: Olaplex Hldgs
While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products. Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder.com compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. The cosmetics/personal care group, to which Olaplex belongs, ranks a mediocre 69 from the top of the 197 industry groups tracked by IBD, according to IBD Stock Checkup. The group also includes L’Oreal , whose Redken brand offers hair bonding products.
Between all my high-heat styling tools and tight Bella Hadid updos, it’s been through a lot. My ends have definitely seen better days, but I’m not planning a trip to the salon anytime soon. I’ve heard great things from my hairstylist about the Olaplex No. 3 Hair Perfector, so I decided to give my hair some much-needed TLC right from home.
Its product portfolio, supported by scores of patents, creates barriers to entry for competitors in the hair care business and related industries. Radnor, Pennsylvania–(Newsfile Corp. – January 11, 2023) – The law firm of Kessler Topaz Meltzer & Check, LLP () informs investors that a securities class action lawsuit has been filed ag… Radnor, Pennsylvania–(Newsfile Corp. – January 14, 2023) – The law firm of Kessler Topaz Meltzer & Check, LLP () informs investors that a securities class action lawsuit has been filed ag… Brokerage services for alternative assets available on Public are offered by Dalmore Group, LLC (“Dalmore”), member of FINRA & SIPC.
However, the brand is loved by stylists and professionals alike, so I decided to give it a shot. Is the Company’s independent registered public accounting firm. At this time, the Company does not offer a direct stock purchase plan.
OLPX LAWSUIT ALERT: Levi & Korsinsky Notifies Olaplex Holdings, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
Olaplex’s stock was trading at $5.21 at the start of the year. Since then, OLPX stock has decreased by 23.0% and is now trading at $4.01. According to analysts’ consensus price target of $7.79, Olaplex has a forecasted upside of 94.2% from its current price of $4.01. There may be delays, omissions, or inaccuracies in the Information. Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
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Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. Investment funds affiliated with private equity firm Advent International, which acquired Olaplex in January 2020, own approximately 78.9% of the combined voting power of Olaplex’s common stock. JuE Wong, Olaplex’s CEO, posted to LinkedIn defending the brand as it faces a lawsuit claiming that its products caused hair loss and damage. Olaplex’s sales fell as the company dealt with competition with other bond-building shampoos and a lawsuit from users claiming hair loss.
The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair. The brand OLAPLEX is a patent-protected, proven, and potent haircare technology system that restores all hair types to its healthiest state possible. OLAPLEX created the Bond Building category which protects, strengthens, and rebuilds broken bonds in the hair during and after hair services. The company was founded in 2014 and is headquartered in Santa Barbara, CA. The company’s focus is offering science-based products that address the treatment, maintenance, and protection of hair.
On Sep. 28, Olaplex filed its revised S-1 form with the SEC and raised its IPO price range. Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate. The EBITDA is a measure of a Olaplex’s overall financial performance and is widely used to measure a its profitability.
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All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns. Discuss news and analysts’ price predictions with the investor community. Also, keep in mind that it takes some time to see results and you might not even see an obvious difference, but that’s not a bad thing. Hair damage doesn’t occur in one day , so repairing hair shouldn’t, either.
Olaplex stock is the IBD Stock Of The Day as the cult beauty brand flashes an early entry while expanding in a big way into Ulta Beauty stores in the new year. What analysts recommend for how to use currency pairs correlation in forex trading OLPX stock, on a scale from 1 to 5. Stop hunting for the best products and deals—get our expert scoop on secret sales and discounts, gift ideas for everyone and can’t-miss products.