5 Best Hair Care Stocks To Buy Now

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In this article we discuss the 5 best beauty stocks to invest in. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Hair Care Stocks To Buy Now.

5. Coty Inc. (NYSE:COTY)

Number of Hedge Fund Holders: 25

Coty Inc. (NYSE:COTY) ranks 5th on the 10 best hair care stocks to buy now. The multinational beauty company headquartered in New York distributes skin care, nail care, and hair care through its 77 brands. 

In May 2020, Coty Inc. (NYSE:COTY) sold a 60% stake of some of its brands including haircare brands Wella and Clairol to KKR & Co. Inc. (NYSE:KKR) for $4.3 billion. The deal covers the businesses to operate as distinct standalone companies. Shares of Coty Inc. (NYSE:COTY) rose 122$ in the last twelve months.

Raymond James analyst Olivia Tong initiated coverage on Coty Inc. (NYSE:COTY) with a Market Perform rating and no price target, stating that most of the potential near-term recovery has already been discounted into the stock.

The company has a market cap of $6.53 billion. The company’s adjusted EPS in the second quarter of 2021 came in at $017, beating consensus estimates of $0.07. Coty Inc.’s (NYSE:COTY) revenue in the second quarter of 2021 came at $1.42 billion, beating consensus estimates by $10 million.

As of Q1 2021, 25 hedge funds tracked by Insider Monkey have positions in Coty Inc. (NYSE:COTY) worth $262 million.

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