The Honest Company, Inc. (NASDAQ:HNST) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 27.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,396,615 shares of the company's stock after buying an additional 299,186 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.38% of Honest worth $9,678,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HNST. SBI Securities Co. Ltd. purchased a new position in shares of Honest in the fourth quarter valued at approximately $26,000. New York State Teachers Retirement System acquired a new stake in shares of Honest in the fourth quarter valued at approximately $52,000. Fox Run Management L.L.C. acquired a new stake in Honest during the fourth quarter worth $89,000. Walleye Trading LLC acquired a new stake in Honest during the fourth quarter worth $109,000. Finally, Entropy Technologies LP acquired a new stake in Honest during the fourth quarter worth $115,000. Hedge funds and other institutional investors own 45.54% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $7.00 price objective on shares of Honest in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $7.70.

Honest Trading Up 4.8%

NASDAQ:HNST traded up $0.23 during midday trading on Monday, reaching $5.07. The company had a trading volume of 5,053,371 shares, compared to its average volume of 2,248,173. The firm has a market capitalization of $558.90 million, a price-to-earnings ratio of -126.75 and a beta of 2.43. The stock's fifty day simple moving average is $4.73 and its 200-day simple moving average is $5.77. The Honest Company, Inc. has a 12-month low of $2.40 and a 12-month high of $8.97.

Honest (NASDAQ:HNST - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $97.25 million during the quarter, compared to analysts' expectations of $92.46 million. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. As a group, sell-side analysts expect that The Honest Company, Inc. will post -0.07 EPS for the current year.

Insider Activity at Honest

In other Honest news, insider Stephen Winchell sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $4.98, for a total transaction 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 represents a 4.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 directly owns 307,740 shares of the company's stock, 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 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.