Charles Schwab Investment Management Inc. Boosts Stock Position in The Honest Company, Inc. (NASDAQ:HNST)

Charles Schwab Investment Management Inc. grew its holdings in The Honest Company, Inc. (NASDAQ:HNST) by 54.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 348,133 shares of the company’s stock after acquiring an additional 122,566 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Honest were worth $2,413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. lifted its stake in shares of Honest by 1,504.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 851,436 shares of the company’s stock worth $3,040,000 after purchasing an additional 798,384 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Honest by 377.8% in the third quarter. JPMorgan Chase & Co. now owns 773,806 shares of the company’s stock worth $2,762,000 after purchasing an additional 611,844 shares in the last quarter. State Street Corp lifted its position in shares of Honest by 23.0% during the third quarter. State Street Corp now owns 1,181,469 shares of the company’s stock valued at $4,218,000 after buying an additional 220,699 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its position in shares of Honest by 6.4% during the third quarter. ArrowMark Colorado Holdings LLC now owns 3,163,968 shares of the company’s stock valued at $11,295,000 after buying an additional 191,547 shares during the last quarter. Finally, Pathway Capital Management LP bought a new stake in shares of Honest in the 4th quarter valued at about $1,287,000. 45.54% of the stock is currently owned by institutional investors.

Honest Trading Down 4.8 %

NASDAQ:HNST opened at $4.74 on Friday. The Honest Company, Inc. has a twelve month low of $2.40 and a twelve month high of $8.97. The company has a market cap of $516.23 million, a PE ratio of -118.50 and a beta of 2.45. The company’s 50 day moving average is $5.64 and its two-hundred day moving average is $5.55.

Honest (NASDAQ:HNST) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $99.84 million during the quarter, compared to analyst estimates of $96.46 million. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. As a group, analysts expect that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Loop Capital lowered shares of Honest from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a research note on Tuesday, December 17th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 price target on shares of Honest in a research report on Thursday, February 27th. Finally, Northland Securities increased their price objective on Honest from $7.50 to $9.50 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $7.42.

Insider Buying and Selling

In other Honest news, insider Stephen Winchell sold 20,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 431,844 shares in the company, valued at approximately $2,150,583.12. This represents a 4.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jonathan Mayle sold 37,481 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 $1,498,693.80. This represents a 10.86 % decrease in their position. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by corporate insiders.

Honest Company 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.