Charles Schwab Investment Management Inc. Has $1.09 Million Stock Holdings in The Honest Company, Inc. $HNST

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in The Honest Company by 33.2%, now owning 0.21% of the company's shares worth approximately $1,093,000.
• Insider trades include General Counsel Brendan Sheehey and CEO Carla Vernon selling shares, resulting in a 2.08% and 3.21% decrease in their ownership respectively.
• The Honest Company reported $0.03 earnings per share, missing estimates, and has an average target price of $6.96 from analysts, who generally rate the stock as a "Moderate Buy."

Charles Schwab Investment Management Inc. cut its holdings in The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 33.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 232,466 shares of the company's stock after selling 115,667 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.21% of Honest worth $1,093,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bailard Inc. acquired a new position in shares of Honest during the first quarter valued at $78,000. Wealth Enhancement Advisory Services LLC raised its stake in Honest by 57.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,757 shares of the company's stock worth $83,000 after buying an additional 6,513 shares during the period. Cerity Partners LLC acquired a new position in Honest in the 1st quarter worth $90,000. Captrust Financial Advisors bought a new stake in shares of Honest in the fourth quarter valued at about $110,000. Finally, Voloridge Investment Management LLC bought a new stake in shares of Honest in the fourth quarter valued at about $159,000. 45.54% of the stock is currently owned by institutional investors and hedge funds.

Honest Price Performance

Shares of NASDAQ HNST traded up $0.04 during mid-day trading on Friday, hitting $4.01. 2,458,636 shares of the stock traded hands, compared to its average volume of 3,593,882. The company has a market cap of $446.19 million, a PE ratio of 80.22 and a beta of 2.32. The Honest Company, Inc. has a twelve month low of $3.32 and a twelve month high of $8.97. The firm has a 50 day simple moving average of $4.38 and a two-hundred day simple moving average of $4.71.

Honest (NASDAQ:HNST - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The company had revenue of $93.46 million during the quarter, compared to analyst estimates of $92.18 million. Honest had a net margin of 1.66% and a return on equity of 3.84%. On average, equities research analysts anticipate that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HNST has been the topic of several recent research reports. Telsey Advisory Group lowered their price target on shares of Honest from $7.00 to $6.00 and set a "market perform" rating on the stock in a research note on Thursday, August 7th. Morgan Stanley decreased their price objective on shares of Honest from $5.50 to $4.25 and set an "equal weight" rating on the stock in a report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Honest currently has an average rating of "Moderate Buy" and an average target price of $6.96.

Insider Activity at Honest

In related news, General Counsel Brendan Sheehey sold 12,059 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $3.65, for a total value of $44,015.35. Following the transaction, the general counsel owned 568,588 shares in the company, valued at $2,075,346.20. The trade was a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carla Vernon sold 99,328 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $3.65, for a total value of $362,547.20. Following the sale, the chief executive officer owned 2,998,993 shares of the company's stock, valued at approximately $10,946,324.45. The trade was a 3.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,890 shares of company stock worth $481,399 over the last quarter. Company insiders own 8.90% of the company's stock.

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.