Dimensional Fund Advisors LP Buys 382,418 Shares of The Honest Company, Inc. (NASDAQ:HNST)

Dimensional Fund Advisors LP lifted its holdings in shares of The Honest Company, Inc. (NASDAQ:HNST) by 68.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 943,618 shares of the company’s stock after buying an additional 382,418 shares during the period. Dimensional Fund Advisors LP owned about 0.96% of Honest worth $2,755,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. EntryPoint Capital LLC bought a new stake in shares of Honest during the first quarter valued at approximately $27,000. Lazard Asset Management LLC bought a new stake in Honest during the first quarter valued at approximately $52,000. Panagora Asset Management Inc. bought a new position in shares of Honest during the 2nd quarter valued at $43,000. SG Americas Securities LLC bought a new stake in Honest in the first quarter valued at approximately $93,000. Finally, Cannon Global Investment Management LLC bought a new stake in shares of Honest in the first quarter worth about $122,000. 45.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on HNST. Northland Capmk raised Honest to a “strong-buy” rating in a research report on Tuesday, August 6th. B. Riley initiated coverage on Honest in a research report on Tuesday, September 10th. They set a “buy” rating and a $6.50 target price for the company. Northland Securities assumed coverage on Honest in a research note on Tuesday, August 6th. They issued an “outperform” rating and a $6.00 price objective on the stock. Finally, Loop Capital raised Honest from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a research report on Tuesday, June 25th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.04.

Honest Stock Performance

HNST opened at $3.59 on Friday. The firm has a 50 day moving average price of $3.87 and a 200 day moving average price of $3.39. The company has a market cap of $354.11 million, a PE ratio of -15.61 and a beta of 1.87. The Honest Company, Inc. has a 1 year low of $1.06 and a 1 year high of $4.89.

Honest (NASDAQ:HNST) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). Honest had a negative net margin of 3.50% and a negative return on equity of 10.00%. The company had revenue of $93.05 million during the quarter, compared to analyst estimates of $87.63 million. During the same quarter last year, the firm posted ($0.14) EPS. On average, sell-side analysts predict that The Honest Company, Inc. will post -0.1 earnings per share for the current year.

Insider Activity at Honest

In other Honest news, major shareholder Shared Abacus Lp Thc sold 2,300,000 shares of Honest stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $3.50, for a total value of $8,050,000.00. Following the transaction, the insider now owns 9,869,803 shares of the company’s stock, valued at approximately $34,544,310.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Honest news, EVP Stephen Winchell sold 6,938 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $4.28, for a total value of $29,694.64. Following the transaction, the executive vice president now directly owns 414,736 shares of the company’s stock, valued at approximately $1,775,070.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Shared Abacus Lp Thc sold 2,300,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $3.50, for a total value of $8,050,000.00. Following the sale, the insider now owns 9,869,803 shares of the company’s stock, valued at approximately $34,544,310.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,531,187 shares of company stock valued at $9,018,480 over the last ninety days. 8.60% of the stock is owned by insiders.

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.