FY2025 EPS Estimates for Honest Boosted by Northland Capmk

Key Points

• Northland Capital Markets raised its FY2025 earnings per share estimate for Honest Company from $0.02 to $0.04, indicating confidence in the company's financial turnaround.
• Despite a modest earnings report that missed expectations, Honest reported revenue of $93.46 million, surpassing analysts' estimates of $92.18 million.
• The stock currently has a Moderate Buy consensus rating with an average price target of $7.50, although Telsey Advisory Group recently lowered their price target from $7.00 to $6.00.

The Honest Company, Inc. (NASDAQ:HNST - Free Report) - Stock analysts at Northland Capmk raised their FY2025 earnings per share estimates for shares of Honest in a research report issued on Thursday, August 7th. Northland Capmk analyst O. Rickert now forecasts that the company will earn $0.04 per share for the year, up from their prior estimate of $0.02. The consensus estimate for Honest's current full-year earnings is ($0.07) per share.

Honest (NASDAQ:HNST - Get Free Report) last issued its quarterly earnings results 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 analysts' expectations of $92.18 million. Honest had a return on equity of 3.98% and a net margin of 1.66%.

Separately, Telsey Advisory Group reduced their price target on shares of Honest from $7.00 to $6.00 and set a "market perform" rating for the company in a research report on Thursday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $7.50.

Honest Stock Up 7.8%

HNST opened at $4.03 on Friday. The firm has a market capitalization of $444.26 million, a P/E ratio of 80.92 and a beta of 2.34. The stock has a fifty day moving average of $4.76 and a 200-day moving average of $5.04. Honest has a 12-month low of $3.32 and a 12-month high of $8.97.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HNST. D. E. Shaw & Co. Inc. grew its stake in Honest by 589.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,397,636 shares of the company's stock worth $16,616,000 after buying an additional 2,049,981 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Honest by 68.2% in the first quarter. GSA Capital Partners LLP now owns 272,284 shares of the company's stock worth $1,280,000 after purchasing an additional 110,408 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Honest by 25.7% during the fourth quarter. Vanguard Group Inc. now owns 5,147,369 shares of the company's stock worth $35,671,000 after purchasing an additional 1,052,305 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Honest in the fourth quarter valued at about $932,000. Finally, Dimensional Fund Advisors LP lifted its position in Honest by 27.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,396,615 shares of the company's stock worth $9,678,000 after buying an additional 299,186 shares in the last quarter. 45.54% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Stephen Winchell sold 10,746 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $5.32, for a total value of $57,168.72. Following the sale, the insider directly owned 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 document filed with the SEC, which is accessible through this link. Also, SVP Jonathan Mayle sold 4,788 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $5.32, for a total value of $25,472.16. Following the transaction, the senior vice president owned 302,952 shares of the company's stock, valued at $1,611,704.64. This trade represents a 1.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 165,726 shares of company stock worth $881,662 over the last 90 days. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.