Dimensional Fund Advisors LP Has $4.51 Million Holdings in The Honest Company, Inc. $HNST

Key Points

• Dimensional Fund Advisors reduced its Honest Company stake by 12.4%, selling 217,238 shares and retaining 1.53 million shares valued at approximately $4.51 million, or 1.36% of the company.
• Other institutional investors generally increased their positions, while insiders sold 318,353 shares worth about $1.30 million over the past 90 days.
• Honest beat quarterly expectations with $0.04 in EPS versus $0.01 forecast and $80.19 million in revenue, but analysts maintain a consensus “Hold” rating with an average price target of $4.84.

Dimensional Fund Advisors LP trimmed its holdings in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 12.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,533,036 shares of the company's stock after selling 217,238 shares during the period. Dimensional Fund Advisors LP owned approximately 1.36% of Honest worth $4,507,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. UBS Group AG raised its position in shares of Honest by 77.3% in the 4th quarter. UBS Group AG now owns 1,014,939 shares of the company's stock worth $2,619,000 after buying an additional 442,542 shares during the period. Bank of America Corp DE raised its holdings in shares of Honest by 187.8% in the 2nd quarter. Bank of America Corp DE now owns 542,269 shares of the company's stock worth $2,760,000 after purchasing an additional 353,858 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Honest in the 2nd quarter valued at about $1,088,000. The Manufacturers Life Insurance Company lifted its stake in shares of Honest by 14.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,734 shares of the company's stock valued at $172,000 after purchasing an additional 4,378 shares in the last quarter. Finally, Nebula Research & Development LLC grew its holdings in shares of Honest by 21.8% during the 2nd quarter. Nebula Research & Development LLC now owns 118,073 shares of the company's stock worth $601,000 after purchasing an additional 21,104 shares during the period. Institutional investors own 45.54% of the company's stock.

Insider Buying and Selling at Honest

In other Honest news, insider Stephen Winchell sold 12,886 shares of the company's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $3.14, for a total value of $40,462.04. Following the completion of the transaction, the insider directly owned 483,293 shares of the company's stock, valued at $1,517,540.02. This represents a 2.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Brendan Sheehey sold 9,784 shares of the firm's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $3.14, for a total value of $30,721.76. Following the sale, the general counsel owned 715,888 shares of the company's stock, valued at $2,247,888.32. This represents a 1.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 318,353 shares of company stock worth $1,301,044. 9.40% of the stock is currently owned by insiders.

Honest Stock Performance

Honest stock opened at $5.07 on Thursday. The firm has a market capitalization of $558.11 million, a PE ratio of -46.09 and a beta of 2.12. The Honest Company, Inc. has a one year low of $2.07 and a one year high of $5.84. The stock's 50 day moving average price is $3.88 and its 200 day moving average price is $3.25.

Honest (NASDAQ:HNST - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. The company had revenue of $80.19 million during the quarter, compared to the consensus estimate of $77.83 million. Honest had a negative net margin of 3.56% and a positive return on equity of 4.31%. On average, analysts forecast that The Honest Company, Inc. will post 0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Telsey Advisory Group lifted their price target on shares of Honest from $4.00 to $5.00 and gave the company a "market perform" rating in a research report on Thursday, August 6th. B. Riley Financial raised their target price on shares of Honest from $4.00 to $5.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Freedom Capital raised shares of Honest from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th. Northland Securities set a $5.50 target price on shares of Honest in a report on Thursday, August 6th. Finally, Alliance Global Partners reaffirmed a "buy" rating on shares of Honest in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Honest presently has a consensus rating of "Hold" and an average target price of $4.84.

Honest Company Profile

The Honest Company, Inc NASDAQ: HNST is an American consumer goods firm specializing in eco-friendly and responsibly formulated products for babies, personal care, beauty and home cleaning. The company emphasizes transparency in ingredient sourcing and product safety, positioning itself in the premium segment of mass-market retail and direct-to-consumer channels.

Honest was founded in 2011 by actress Jessica Alba and environmental health advocate Christopher Gavigan with a mission to offer parents household and baby care items free from harsh chemicals and synthetic fragrances.

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