New York State Common Retirement Fund raised its holdings in The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 39.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 197,346 shares of the company's stock after acquiring an additional 55,699 shares during the period. New York State Common Retirement Fund owned approximately 0.20% of Honest worth $1,368,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. Valmark Advisers Inc. grew its stake in Honest by 1.7% in the 4th quarter. Valmark Advisers Inc. now owns 163,015 shares of the company's stock worth $1,130,000 after buying an additional 2,735 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its position in Honest by 7.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 80,544 shares of the company's stock worth $288,000 after acquiring an additional 5,330 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Honest by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 225,567 shares of the company's stock valued at $805,000 after acquiring an additional 7,379 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in Honest during the fourth quarter valued at about $52,000. Finally, Zacks Investment Management bought a new stake in Honest during the third quarter worth about $37,000. Institutional investors own 45.54% of the company's stock.
Honest Stock Down 5.5 %
Shares of Honest stock traded down $0.29 during trading on Thursday, reaching $4.94. 1,186,454 shares of the stock were exchanged, compared to its average volume of 2,005,330. The firm has a market cap of $537.47 million, a price-to-earnings ratio of -123.63 and a beta of 2.43. The Honest Company, Inc. has a 1 year low of $2.40 and a 1 year high of $8.97. The stock's fifty day moving average is $6.17 and its 200 day moving average is $5.48.
Honest (NASDAQ:HNST - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. The business had revenue of $99.84 million during the quarter, compared to analysts' expectations of $96.46 million. Equities analysts forecast that The Honest Company, Inc. will post -0.07 earnings per share for the current year.
Insider Buying and Selling at Honest
In other news, Director Jessica Warren sold 465,000 shares of Honest stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $7.55, for a total transaction of $3,510,750.00. Following the sale, the director now owns 1,170,058 shares of the company's stock, valued at approximately $8,833,937.90. The trade was a 28.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.60% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently commented on HNST shares. Alliance Global Partners increased their price objective on Honest from $5.75 to $8.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Telsey Advisory Group reiterated a "market perform" rating and set a $7.00 price target on shares of Honest in a research report on Thursday, February 27th. Northland Securities boosted their price objective on shares of Honest from $7.50 to $9.50 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. B. Riley increased their target price on shares of Honest from $6.50 to $7.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, Loop Capital downgraded shares of Honest from a "buy" rating to a "hold" rating and set a $7.00 price target for the company. in a research note on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $6.93.
Read Our Latest Stock Report on HNST
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.
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