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

Jefferies Financial Group Inc. acquired a new stake in The Honest Company, Inc. (NASDAQ:HNST - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 134,453 shares of the company's stock, valued at approximately $932,000. Jefferies Financial Group Inc. owned about 0.13% of Honest at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Gotham Asset Management LLC acquired a new position in shares of Honest during the fourth quarter worth $553,000. Graham Capital Management L.P. lifted its holdings in Honest by 66.3% during the 4th quarter. Graham Capital Management L.P. now owns 74,919 shares of the company's stock worth $519,000 after buying an additional 29,880 shares during the period. Focus Partners Wealth acquired a new stake in shares of Honest in the fourth quarter valued at about $1,575,000. Deutsche Bank AG increased its stake in shares of Honest by 63.7% in the fourth quarter. Deutsche Bank AG now owns 72,840 shares of the company's stock valued at $505,000 after buying an additional 28,334 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its position in shares of 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 acquiring an additional 2,049,981 shares during the last quarter. 45.54% of the stock is currently owned by institutional investors and hedge funds.

Honest Stock Down 0.9%

HNST traded down $0.05 during trading on Monday, hitting $5.46. The company's stock had a trading volume of 2,625,342 shares, compared to its average volume of 2,290,899. The firm has a market capitalization of $601.89 million, a P/E ratio of -136.50 and a beta of 2.43. The Honest Company, Inc. has a twelve month low of $2.40 and a twelve month high of $8.97. The stock's fifty day moving average price is $4.76 and its 200-day moving average price is $5.81.

Honest (NASDAQ:HNST - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 1.13% and a negative return on equity of 3.26%. Equities research analysts expect that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.

Insider Activity

In other news, 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 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. The trade was a 10.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Stephen Winchell sold 20,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $4.98, for a total value of $99,600.00. Following the completion of the transaction, the insider now owns 431,844 shares in the company, valued at approximately $2,150,583.12. This represents a 4.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.60% of the company's stock.

Analyst Ratings Changes

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

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.