Jefferies Financial Group Inc. Purchases New Shares in The Honest Company, Inc. (NASDAQ:HNST)

Jefferies Financial Group Inc. bought a new position in The Honest Company, Inc. (NASDAQ:HNST - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 134,453 shares of the company's stock, valued at approximately $932,000. Jefferies Financial Group Inc. owned approximately 0.13% of Honest at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in Honest in the 4th quarter worth approximately $26,000. New York State Teachers Retirement System purchased a new stake in Honest in the 4th quarter worth approximately $52,000. Utah Retirement Systems purchased a new stake in Honest in the 4th quarter worth approximately $86,000. Fox Run Management L.L.C. purchased a new stake in Honest in the 4th quarter worth approximately $89,000. Finally, Walleye Trading LLC purchased a new stake in Honest in the 4th quarter worth approximately $109,000. 45.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Stephen Winchell sold 10,746 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $5.32, for a total transaction of $57,168.72. Following the completion of the transaction, the insider now directly owns 421,098 shares in the company, valued at approximately $2,240,241.36. This represents a 2.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Carla Vernon sold 98,950 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $5.32, for a total value of $526,414.00. Following the sale, the chief executive officer now owns 3,098,321 shares in the company, valued at $16,483,067.72. The trade was a 3.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 223,207 shares of company stock worth $1,163,795. 8.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Telsey Advisory Group reissued a "market perform" rating and issued a $7.00 target price on shares of Honest in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Honest has an average rating of "Moderate Buy" and a consensus price target of $7.70.

Honest Price Performance

HNST stock remained flat at $5.03 during midday trading on Monday. The company's stock had a trading volume of 2,576,483 shares, compared to its average volume of 2,350,821. The Honest Company, Inc. has a 1-year low of $2.40 and a 1-year high of $8.97. The company has a market capitalization of $554.49 million, a price-to-earnings ratio of -125.75 and a beta of 2.43. The business has a 50 day moving average price of $4.75 and a 200 day moving average price of $5.83.

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

About Honest

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.