Connor Clark & Lunn Investment Management Ltd. raised its position in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 32.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 719,871 shares of the company's stock after purchasing an additional 174,548 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.71% of Honest worth $4,989,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Honest during the fourth quarter worth approximately $336,000. Victory Capital Management Inc. raised its stake in shares of Honest by 869.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,546,391 shares of the company's stock valued at $10,716,000 after purchasing an additional 1,386,961 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new stake in Honest in the fourth quarter worth about $188,000. Charles Schwab Investment Management Inc. raised its position in shares of Honest by 54.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 348,133 shares of the company's stock worth $2,413,000 after buying an additional 122,566 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Honest during the fourth quarter valued at approximately $26,000. Institutional investors own 45.54% of the company's stock.
Insiders Place Their Bets
In other news, insider Stephen Winchell sold 20,000 shares of the firm'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 transaction, the insider now owns 431,844 shares in the company, valued at approximately $2,150,583.12. This trade represents a 4.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jonathan Mayle sold 37,481 shares of the firm's stock in a transaction dated 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 owns 307,740 shares in the company, valued at approximately $1,498,693.80. This trade represents a 10.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.60% of the company's stock.
Honest Stock Down 0.6 %
Shares of HNST traded down $0.03 during mid-day trading on Thursday, reaching $5.02. The company's stock had a trading volume of 2,304,914 shares, compared to its average volume of 2,634,410. The company has a market cap of $546.73 million, a price-to-earnings ratio of -125.50 and a beta of 2.45. The business has a fifty day moving average of $5.81 and a 200 day moving average of $5.52. 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) EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $96.46 million. On average, analysts predict that The Honest Company, Inc. will post -0.07 earnings per share for the current year.
Analysts Set New Price Targets
Several brokerages have recently weighed in on HNST. Telsey Advisory Group restated a "market perform" rating and issued a $7.00 price objective on shares of Honest in a report on Thursday, February 27th. Northland Securities boosted their target price on shares of Honest from $7.50 to $9.50 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Finally, Loop Capital downgraded Honest from a "buy" rating to a "hold" rating and set a $7.00 price objective for the company. in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.42.
Read Our Latest Analysis on Honest
Honest Company 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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