Canada Pension Plan Investment Board acquired a new position in The Honest Company, Inc. (NASDAQ:HNST - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 253,100 shares of the company's stock, valued at approximately $1,754,000. Canada Pension Plan Investment Board owned 0.25% of Honest at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Honest during the fourth quarter valued at about $26,000. New York State Teachers Retirement System purchased a new position in Honest during the fourth quarter valued at approximately $52,000. Fox Run Management L.L.C. bought a new stake in Honest during the 4th quarter worth approximately $89,000. Walleye Trading LLC purchased a new stake in Honest in the 4th quarter worth approximately $109,000. Finally, Entropy Technologies LP bought a new position in Honest in the 4th quarter valued at $115,000. 45.54% of the stock is currently owned by hedge funds and other institutional investors.
Honest Price Performance
NASDAQ:HNST opened at $4.51 on Thursday. The company has a market capitalization of $490.64 million, a price-to-earnings ratio of -112.63 and a beta of 2.44. The business has a 50 day moving average of $4.94 and a 200 day moving average of $5.64. The Honest Company, Inc. has a 1-year low of $2.40 and a 1-year high of $8.97.
Honest (NASDAQ:HNST - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. The firm had revenue of $99.84 million during the quarter, compared to analyst estimates of $96.46 million. As a group, sell-side analysts anticipate that The Honest Company, Inc. will post -0.07 EPS for the current year.
Insider Activity at Honest
In related news, SVP Jonathan Mayle sold 37,481 shares of Honest stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $4.87, for a total value of $182,532.47. Following the transaction, the senior vice president now directly owns 307,740 shares of the company's stock, valued at $1,498,693.80. The trade was a 10.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Winchell sold 20,000 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $4.98, for a total transaction of $99,600.00. Following the sale, the insider now owns 431,844 shares of the company's stock, valued at $2,150,583.12. This represents a 4.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Separately, Telsey Advisory Group restated a "market perform" rating and issued a $7.00 price objective on shares of Honest in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $7.70.
Read Our Latest Stock Analysis on Honest
Honest Profile
(
Free Report)
The Honest Company, Inc manufactures and sells diapers and wipes, skin and personal care, and household and wellness products. The company also offers baby clothing and nursery bedding products. It sells its products through digital and retail sales channels, such as its website and third-party ecommerce sites, as well as brick and mortar retailers.
See Also
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