5 Best Hair Care Stocks To Buy Now

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In this article, we discuss the 5 best hair care stocks to buy now. If you want to read our detailed analysis of the industry and its future outlook, go directly to 10 Best Hair Care Stocks To Buy Now.

5. Newell Brands Inc. (NYSE:NWL)

Number Of Hedge Fund Holders: 22

Newell Brands Inc. (NYSE:NWL) is an American manufacturer, marketer and distributor of consumer and commercial products which include Home Appliances, Home Solutions, Learning and Development, Outdoor and Recreation and Commercial Solutions products. The company has a strong portfolio of well-known brands, including Rubbermaid, FoodSaver, Calphalon, and Sistema.

Earlier this June, Deutsche Bank analyst Steve Powers lowered the price target on Newell Brands Inc. (NYSE:NWL) to $22 from $25 and kept a Hold rating on the shares following Deutsche’s consumer conference in Paris. According to the company’s Q2 earnings report posted on June 29, Newell Brands Inc. (NYSE:NWL) recorded an EPS of $0.57, crossing market estimates by $0.10. Additionally, the company raked in revenues amounting to $2.53 billion.

By the end of the second quarter of 2022, 22 hedge funds were long Newell Brands Inc. (NYSE:NWL). This is compared to 31 hedge funds in the first quarter of 2022 with stakes of $1.64 billion. Richard S. Pzena’s Pzena Investment Management is the company’s leading shareholder, with 37.57 million shares worth approximately $715.3 million.

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