5 Best Hair Care Stocks To Buy Now

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1. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 70

Topping the list of 10 best hair care stocks to buy now is The Procter & Gamble Company (NYSE:PG). The Ohio-based consumer goods corporation operates in over 80 countries with sales in more than 160 countries. The Procter & Gamble Company (NYSE:PG) also offers hair care products through its brands Pantene, Old Spice, and Aussie.

In June, UBS analyst Peter Grom initiated coverage on The Procter & Gamble Company (NYSE:PG) with a Neutral rating and a $138 price target. 

The company has a market cap of $352.42 billion and currently offers a dividend yield of 2.42%. In the fiscal third quarter of 2021, The Procter & Gamble Company (NYSE:PG) reported an EPS of $1.26, beating estimates by $0.07. The company’s fiscal third-quarter revenue was $18.11 billion, up 5.2% year-over-year and beating consensus estimates of $17.9 billion. The beauty division growth was mainly due to a 30% increase in SK-II brand sales and organic sales in hair care led by innovations in China.

At the end of the first quarter of 2021, 70 hedge funds in the database of Insider Monkey held stakes worth $8.53 billion in The Procter & Gamble Company (NYSE:PG).

 You can also take a peek at 10 Best Consumer Finance Stocks To Buy Now and 10 Best Communication Equipment Stocks To Buy.

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