12 Best Hair Care Stocks to Buy According to Hedge Funds

3. Kenvue Inc. (NYSE:KVUE)

Number of Hedge Fund Holders: 46

Kenvue Inc. (NYSE:KVUE) is a consumer health company that operates through three segments: Skin Health and Beauty, Self Care, and Essential Health. Its Skin Health and Beauty segment offers hair care, body care, face care, and other product categories. Its global footprint spans more than 165 countries across its four regions.

Kenvue Inc. (NYSE:KVUE) reported a 2.1% revenue growth in its Self-Care segment in fiscal Q4 2024. However, its Skin Health and Beauty segment declined 2.7% in organic sales, primarily due to market challenges and competitive pressures. Overall, net sales for the company remained stable year over year. However, its gross profit margin rose to 56.5% from 55.7% last year due to reduced separation-related costs and productivity improvements, painting an optimistic picture.

Famous for brands such as Listerine and Tylenol, Kenvue Inc. (NYSE:KVUE) holds a competitive market edge due to its continuous innovation and strong brand recognition. It is implementing operational efficiencies and enhancing its brand investments to effectively and profitably navigate market dynamics. Kenvue Inc. (NYSE:KVUE) is primarily focusing on brand strength and product diversification. Since it has operations across the globe, it derives benefits from its parent company, Johnson & Johnson, which also supports its research capabilities and supply chain. This helps the company zoom in on growth opportunities and maintain market share. On February 7, Bank of America Securities analyst Anna Lizzul maintained a Buy rating on the company. It ranks third on our list.