As the world went into lockdown, the hair care and beauty sectors chose a wavy road. Online sales of cosmetic products exploded as a result of the stay-at-home orders. Sephora’s online sales in the United States increased by 30% in May 2020 compared to May 2019. Haircare is expected to expand at a compound annual growth rate of 5.6 percent from $75.06 billion in 2020 to $112.97 billion in 2028. Five of the market’s largest haircare players include L’oreal, Coty, and Ulta Beauty. Ulta Beauty, Inc. stock has increased by 71% in the past year. The beauty division of Procter & Gamble has had sustained sales growth. The internet sales of Tresemme producer Ulta are being watched by investors.
Here is Insider Monkey’s list of the 10 best hair care stocks to buy now. L’oreal is a personal care firm based in France. Hair color, shampoos, conditioners, and treatments are all sold by the company. L’oreal’s stock has increased by 41% during the last year. The 9th greatest hair care stock to purchase right now is Natura & Co Holding S.A. The cosmetics company, which is located in Brazil, has operations in over 73 countries throughout the world. The stock of NTCO has increased by 18% in the last year. Regis Corporation is ranked number eight on our list of the top ten hair care companies to purchase right now. The American hair care company, established in Minnesota, has over 7,000 salons throughout the world. RGS has a market capitalization of $271.64 million dollars. The 7th greatest hair care stock to purchase right now is Nu Skin Enterprises, Inc. The stock has a market capitalization of $2.72 billion and a dividend yield of 2.80%. In the last three months, the stock has risen 4%. The 6th greatest hair care stock to purchase right now is Sally Beauty Holdings, Inc. Beauty items are distributed by the Texas-based company to approximately 3,700 retailers in 12 countries. Sally Beauty Holdings’ stock has risen 57 percent in the last year. For more details, click 10 Best Hair Care Stocks to Buy Now.
Unsplash
