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Do You Believe Olaplex Holdings (OLPX) Has a Long Runway for Growth?

Soumya Eswaran
·2 分鐘文章

Polen Capital, an investment management company, released its “Polen U.S. Small Company Growth Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund delivered 3.46% net of fees compared to a 4.13% return for the Russell 2000 Growth Index. Style factor headwinds and relative sector positioning offset the positive stock selection in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Polen Capital highlighted stocks like Olaplex Holdings, Inc. (NASDAQ:OLPX) in the fourth quarter 2022 investor letter. Headquartered in Santa Barbara, California, Olaplex Holdings, Inc. (NASDAQ:OLPX) is a haircare products manufacturer. On January 24, 2023, Olaplex Holdings, Inc. (NASDAQ:OLPX) stock closed at $5.88 per share. One-month return of Olaplex Holdings, Inc. (NASDAQ:OLPX) was 21.99%, and its shares lost 71.37% of their value over the last 52 weeks. Olaplex Holdings, Inc. (NASDAQ:OLPX) has a market capitalization of $3.817 billion.

Polen Capital made the following comment about Olaplex Holdings, Inc. (NASDAQ:OLPX)  in its Q4 2022 investor letter:

“Olaplex Holdings, Inc. (NASDAQ:OLPX) is a leader in the professional, luxury hair care and beauty products business. The company is a pioneer in science-based haircare, which is still in its early days compared to other parts of the luxury beauty market, like skincare. The company has built a dominant brand, delivering robust sales growth by leveraging salon relationships, word of mouth, and social media. We believe the business has a long runway of growth ahead driven by expanding distribution networks, deeper penetration amongst existing clients, and introducing new products. Olaplex is also a rare find among 2021 IPOs with strong profits, high free cash flow, impressive returns on capital, an experienced management team, and a long history as a private company and brand.”

Subbotina Anna/Shutterstock.com

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Olaplex Holdings, Inc. (NASDAQ:OLPX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 18 hedge fund portfolios held Olaplex Holdings, Inc. (NASDAQ:OLPX) at the end of the third quarter, which was 18 in the previous quarter.

We discussed Olaplex Holdings, Inc. (NASDAQ:OLPX) in another article and shared the list of hair care stocks to buy. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

 

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Disclosure: None. This article is originally published at Insider Monkey.