5 Best Hair Care Stocks To Buy Now

4. Helen of Troy Limited (NASDAQ:HELE)

Number of Hedge Fund Holders: 29

Helen of Troy Limited (NASDAQ:HELE) ranks 4th on the 10 best hair care stocks to buy now. The consumer and beauty product provider based in Texas distributes consumer products through its leading brands, including its hair care segment Bed Head and Hot Tools Professional.

In 2020, Helen of Troy Limited (NASDAQ:HELE) purchased premium hair care product provider Drybar Products LLC in a $255 in cash million deal. Shares of Helen of Troy Limited (NASDAQ:HELE) rose 14% in the last twelve months.

On January 8th, DA Davidson analyst Linda Bolton Weiser raised Helen of Troy Limited’s (NASDAQ:HELE) price target to $260 from $246 and kept its Buy rating on the stock.

The company has a market cap of $5.51 billion. In the first quarter of 2021, Helen of Troy Limited (NASDAQ:HELE) reported an adjusted EPS of $3.48, beating estimates of $2.62. In the first quarter, the company’s GAAP operating income came in at $57.0 million, an increase from $47.2 million in the same period of 2020.

At the end of the first quarter of 2021, 29 hedge funds in the database of Insider Monkey held stakes worth $214 million in Helen of Troy Limited (NASDAQ:HELE).