5 Best Hair Care Stocks To Buy Now

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In this article, we will take a look at the 5 best hair care stocks to buy now. If you want to go through our industry background and see some other stocks in this list, then take a look at the 11 Best Hair Care Stocks To Buy Now.

5. Newell Brands Inc (NASDAQ:NWL)

Number of Hedge Fund Investors: 27

Newell Brands Inc. (NYSE:NWL) is an American company specializing in the manufacturing, marketing, and distribution of consumer and commercial products across various categories. Its product lines encompass Home Appliances, Home Solutions, Learning and Development, Outdoor and Recreation, and Commercial Solutions. The company boasts a robust portfolio of well-known brands, including Rubbermaid, FoodSaver, Calphalon, and Sistema.

In Q3 2023, Newell Brands Inc (NASDAQ:NWL) announced net sales of $2.0 billion, indicating a decrease of 9.1% compared to the same period in the previous year. Core sales experienced a similar decline, decreasing by 9.2%. Despite these sales declines, the company saw improvements in its gross margin, with reported gross margin reaching 30.3% compared to 29.2% in the prior year period. Additionally, normalized gross margin improved to 31.3% from 29.6% in the prior year period.

Insider Monkey’s database of 910 hedge funds shows that 27 funds had stakes in Newell Brands Inc (NASDAQ:NWL). The biggest stakeholder of Newell Brands Inc (NASDAQ:NWL) during this period was Richard S. Pzena’s Pzena Investment Management which owns a $495 million stake in Newell Brands Inc (NASDAQ:NWL).

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