Honest (HNST) Stock Price, News & Analysis

Company Overview

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. The company was incorporated in 2012 and is headquartered in Los Angeles, California.

Key Stats

• Today's Range: $3.76 to $3.93
• 50-Day Range: $3.36 to $4.67
• 52-Week Range: $1.07 to $4.89
• Volume: 1.68 million shs
• Average Volume: 1.20 million shs
• Market Capitalization: $372.85 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $5.04
• Consensus Rating: Moderate Buy

Honest Stock Analysis - MarketRank™

Honest scored higher than 66% of companies evaluated by MarketBeat, and ranked 149th out of 291 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Honest has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Honest has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Honest are expected to grow in the coming year, from ($0.10) to ($0.02) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Honest is -29.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Honest is -29.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Honest has a P/B Ratio of 2.93. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.56% of the float of Honest has been sold short.

Short Interest Ratio / Days to Cover

Honest has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Honest has recently increased by 4.15%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Honest does not currently pay a dividend.

Dividend Growth

Honest does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.56% of the float of Honest has been sold short.

Short Interest Ratio / Days to Cover

Honest has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Honest has recently increased by 4.15%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 4.3 / 5
• News Sentiment: 1.76

News Sentiment

Honest has a news sentiment score of 1.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Honest this week, compared to 3 articles on an average week.

Search Interest

12 people have searched for HNST on MarketBeat in the last 30 days. This is an increase of 500% compared to the previous 30 days.

MarketBeat Follows

5 people have added Honest to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Honest insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $9,018,480.00 in company stock.

Percentage Held by Insiders

Only 8.60% of the stock of Honest is held by insiders.

Percentage Held by Institutions

45.54% of the stock of Honest is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HNST Stock Analysis - Frequently Asked Questions

How have HNST shares performed this year?

Honest's stock was trading at $3.30 at the beginning of 2024. Since then, HNST shares have increased by 14.5% and is now trading at $3.78.
View the best growth stocks for 2024 here.

How were Honest's earnings last quarter?

The Honest Company, Inc. (NASDAQ:HNST) issued its earnings results on Thursday, August, 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.04). The business had revenue of $93.05 million for the quarter, compared to the consensus estimate of $87.63 million. Honest had a negative trailing twelve-month return on equity of 10.00% and a negative net margin of 3.50%.

When did Honest IPO?

Honest (HNST) raised $400 million in an IPO on Wednesday, May 5th 2021. The company issued 25,800,000 shares at a price of $14.00-$17.00 per share. Morgan Stanley, J.P. Morgan, Jefferies, BofA Securities, Citigroup, William Blair and Guggenheim Securities served as the underwriters for the IPO and Telsey Advisory Group, C.L. King & Associates, Loop Capital Markets, Penserra Securities and Ramirez & Co. were co-managers.

Who are Honest's major shareholders?

Honest's top institutional investors include Green Alpha Advisors LLC (0.37%), Inspire Investing LLC (0.23%), SG Americas Securities LLC (0.03%) and CWM LLC (0.02%). Insiders that own company stock include Shared Abacus Lp Thc, Venture Manageme Institutional, Carla Vernon, Nikolaos A Vlahos, Jessica Warren, David Loretta, Kelly J Kennedy, Katherine Barton, Brendan Sheehey, Rick Rexing, Peter C Gerstberger, Stephen Winchell, James D White, Thomas Sternweis, Glenn Klages, Janis Hoyt, Jasmin Manner and Jeremy Liew.
View institutional ownership trends.

How do I buy shares of Honest?

Shares of HNST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Honest own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Honest investors own include Waste Connections (WCN), The RMR Group (RMR), iShares Micro-Cap ETF (IWC), DiamondRock Hospitality (DRH), American Water Works (AWK), AUO (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 10/17/2024
• Next Earnings (Estimated): 11/13/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Catalog & mail - order houses
• Sub-Industry: Retail
• Current Symbol: NASDAQ:HNST
• CUSIP: N/A
• CIK: 1530979
• Web: www.honest.com
• Phone: 888-862-8818
• Fax: N/A
• Employees: 190
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $5.04
• High Stock Price Target: $6.50
• Low Stock Price Target: $3.00
• Potential Upside/Downside: +33.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.88
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.23)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-39,240,000.00
• Net Margins: -3.50%
• Pretax Margin: -3.48%
• Return on Equity: -10.00%
• Return on Assets: -6.25%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.06
• Quick Ratio: 1.67

Sales & Book Value

• Annual Sales: $355.70 million
• Price / Sales: 1.05
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.29 per share
• Price / Book: 2.93

Miscellaneous

• Outstanding Shares: 98,638,000
• Free Float: 91,475,000
• Market Cap: $372.85 million
• Optionable: Optionable
• Beta: 1.87