Public Employees Retirement System of Ohio Invests $352,000 in The Honest Company, Inc. (NASDAQ:HNST)

Public Employees Retirement System of Ohio acquired a new stake in The Honest Company, Inc. (NASDAQ:HNST - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,758 shares of the company's stock, valued at approximately $352,000. Public Employees Retirement System of Ohio owned 0.05% of Honest at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new position in Honest in the 4th quarter valued at about $26,000. New York State Teachers Retirement System bought a new stake in shares of Honest during the fourth quarter worth approximately $52,000. Utah Retirement Systems bought a new stake in shares of Honest during the fourth quarter worth approximately $86,000. Fox Run Management L.L.C. acquired a new position in shares of Honest in the fourth quarter valued at approximately $89,000. Finally, Walleye Trading LLC bought a new position in shares of Honest during the fourth quarter worth approximately $109,000. Institutional investors and hedge funds own 45.54% of the company's stock.

Wall Street Analyst Weigh In

Separately, 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, May 8th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $7.70.

Insider Activity

In related news, CEO Carla Vernon sold 98,950 shares of Honest 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 completion of the sale, the chief executive officer now owns 3,098,321 shares of the company's stock, valued at approximately $16,483,067.72. This trade represents a 3.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jonathan Mayle sold 37,481 shares of the business's 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 sale, the senior vice president now directly owns 307,740 shares of the company's stock, valued at $1,498,693.80. This represents a 10.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 223,207 shares of company stock worth $1,163,795 over the last quarter. 8.90% of the stock is currently owned by corporate insiders.

Honest Trading Up 0.8%

NASDAQ HNST traded up $0.04 on Friday, hitting $5.16. 2,345,967 shares of the company were exchanged, compared to its average volume of 2,371,534. The company has a market cap of $568.82 million, a PE ratio of -129.00 and a beta of 2.39. The stock has a fifty day moving average of $4.77 and a 200-day moving average of $5.80. 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 issued its earnings results on Wednesday, May 7th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $92.46 million. On average, analysts expect that The Honest Company, Inc. will post -0.07 earnings per share for the current 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.