Vanguard Group Inc. grew its holdings in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 25.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,147,369 shares of the company's stock after purchasing an additional 1,052,305 shares during the period. Vanguard Group Inc. owned approximately 5.10% of Honest worth $35,671,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Victory Capital Management Inc. grew its holdings in Honest by 869.9% in 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 during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Honest by 377.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 773,806 shares of the company's stock worth $2,762,000 after buying an additional 611,844 shares in the last quarter. State Street Corp grew its stake in Honest by 23.0% in the 3rd quarter. State Street Corp now owns 1,181,469 shares of the company's stock valued at $4,218,000 after acquiring an additional 220,699 shares during the last quarter. Pathway Capital Management LP purchased a new position in Honest during the 4th quarter valued at about $1,287,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Honest by 32.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 719,871 shares of the company's stock worth $4,989,000 after purchasing an additional 174,548 shares during the last quarter. 45.54% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Honest
In other Honest news, insider Stephen Winchell sold 20,000 shares of Honest stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $4.98, for a total value of $99,600.00. Following the transaction, the insider now owns 431,844 shares of the company's stock, valued at approximately $2,150,583.12. The trade was a 4.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jonathan Mayle sold 37,481 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $4.87, for a total transaction of $182,532.47. Following the completion of the transaction, the senior vice president now directly owns 307,740 shares of the company's stock, valued at approximately $1,498,693.80. The trade was a 10.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company's stock.
Analysts Set New Price Targets
HNST has been the topic of a number of analyst reports. Loop Capital lowered shares of Honest from a "buy" rating to a "hold" rating and set a $7.00 target price on the stock. in a research report on Tuesday, December 17th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $7.00 price objective on shares of Honest in a research report on Thursday, February 27th. Two equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $7.70.
Read Our Latest Stock Analysis on Honest
Honest Trading Up 0.5 %
NASDAQ:HNST traded up $0.02 during mid-day trading on Tuesday, hitting $4.45. 3,057,147 shares of the company's stock traded hands, compared to its average volume of 2,137,378. The Honest Company, Inc. has a 12 month low of $2.40 and a 12 month high of $8.97. The firm has a market capitalization of $484.65 million, a price-to-earnings ratio of -111.25 and a beta of 2.44. The firm has a 50 day moving average of $5.14 and a two-hundred day moving average of $5.62.
Honest (NASDAQ:HNST - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $99.84 million for the quarter, compared to analyst estimates of $96.46 million. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. As a group, equities research analysts expect that The Honest Company, Inc. will post -0.07 earnings per share for the current year.
About Honest
(
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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