Fox Run Management L.L.C. Takes Position in The Honest Company, Inc. (NASDAQ:HNST)

Fox Run Management L.L.C. bought a new position in The Honest Company, Inc. (NASDAQ:HNST) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,884 shares of the company’s stock, valued at approximately $89,000.

A number of other large investors have also recently added to or reduced their stakes in HNST. Sei Investments Co. raised its position in shares of Honest by 23.5% in the fourth quarter. Sei Investments Co. now owns 190,820 shares of the company’s stock valued at $1,322,000 after purchasing an additional 36,294 shares during the period. American Century Companies Inc. raised its holdings in Honest by 43.4% in the 4th quarter. American Century Companies Inc. now owns 180,398 shares of the company’s stock worth $1,250,000 after acquiring an additional 54,578 shares during the period. Summit Global Investments bought a new position in Honest in the 4th quarter worth $443,000. Intech Investment Management LLC boosted its holdings in Honest by 30.4% during the fourth quarter. Intech Investment Management LLC now owns 37,547 shares of the company’s stock valued at $260,000 after acquiring an additional 8,748 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Honest in the fourth quarter valued at about $313,000. Institutional investors own 45.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Telsey Advisory Group reissued a “market perform” rating and set a $7.00 price objective on shares of Honest in a research report on Thursday, February 27th. Loop Capital cut 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. Finally, Northland Securities raised their price objective on shares of Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.42.

Insider Buying and Selling at Honest

In other news, SVP Jonathan Mayle sold 37,481 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $4.87, for a total transaction of $182,532.47. Following the transaction, the senior vice president now directly owns 307,740 shares in the company, valued at approximately $1,498,693.80. This represents a 10.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Winchell sold 20,000 shares of Honest stock in a transaction 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 completion of the sale, the insider now directly owns 431,844 shares of the company’s stock, valued at $2,150,583.12. This trade represents a 4.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.60% of the company’s stock.

Honest Stock Down 4.8 %

Honest stock opened at $4.74 on Friday. The Honest Company, Inc. has a 12 month low of $2.40 and a 12 month high of $8.97. The stock has a market cap of $516.23 million, a price-to-earnings ratio of -118.50 and a beta of 2.45. The business has a 50 day moving average price of $5.64 and a two-hundred day moving average price of $5.55.

Honest (NASDAQ:HNST) last posted its earnings results on Wednesday, February 26th. The company reported ($0.01) earnings per share 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 business had revenue of $99.84 million for the quarter, compared to analysts’ expectations of $96.46 million. On average, analysts expect that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.

Honest Profile

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.