Public Employees Retirement System of Ohio Takes Position in The Honest Company, Inc. (NASDAQ:HNST)

Public Employees Retirement System of Ohio bought a new stake in The Honest Company, Inc. (NASDAQ:HNST - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 50,758 shares of the company's stock, valued at approximately $352,000. Public Employees Retirement System of Ohio owned about 0.05% of Honest as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of Honest during the 4th quarter valued at $26,000. New York State Teachers Retirement System bought a new position in Honest during the fourth quarter valued at about $52,000. Utah Retirement Systems bought a new position in Honest during the fourth quarter valued at about $86,000. Fox Run Management L.L.C. acquired a new stake in shares of Honest in the fourth quarter worth about $89,000. Finally, Walleye Trading LLC bought a new stake in shares of Honest during the 4th quarter worth about $109,000. 45.54% of the stock is owned by institutional investors.

Insider Activity at Honest

In related news, CEO Carla Vernon sold 98,950 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $5.32, for a total transaction of $526,414.00. Following the completion of the transaction, the chief executive officer now directly owns 3,098,321 shares in the company, valued at $16,483,067.72. This represents a 3.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jonathan Mayle sold 37,481 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $4.87, for a total transaction of $182,532.47. Following the completion of the sale, 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 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 in the last 90 days. 8.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Honest Trading Up 0.8%

HNST traded up $0.04 during trading on Friday, hitting $5.16. The stock had a trading volume of 2,345,967 shares, compared to its average volume of 2,386,627. The firm has a market cap of $568.82 million, a PE ratio of -129.00 and a beta of 2.39. The Honest Company, Inc. has a 12 month low of $2.40 and a 12 month high of $8.97. The company has a 50 day simple moving average of $4.78 and a 200-day simple moving average of $5.76.

Honest (NASDAQ:HNST - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $97.25 million for the quarter, compared to the consensus estimate 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 anticipate that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.

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.