109,094 Shares in The Honest Company, Inc. (NASDAQ:HNST) Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. bought a new position in shares of The Honest Company, Inc. (NASDAQ:HNST) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 109,094 shares of the company’s stock, valued at approximately $756,000. Principal Financial Group Inc. owned about 0.11% of Honest as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Valmark Advisers Inc. boosted its stake in Honest by 1.7% during the fourth quarter. Valmark Advisers Inc. now owns 163,015 shares of the company’s stock worth $1,130,000 after buying an additional 2,735 shares during the period. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Honest by 7.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 80,544 shares of the company’s stock worth $288,000 after acquiring an additional 5,330 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Honest by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 225,567 shares of the company’s stock worth $805,000 after acquiring an additional 7,379 shares during the last quarter. New York State Teachers Retirement System purchased a new position in shares of Honest during the 4th quarter worth approximately $52,000. Finally, Zacks Investment Management acquired a new stake in Honest in the 3rd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 45.54% of the company’s stock.

Honest Stock Performance

HNST stock opened at $4.89 on Friday. The company’s 50 day moving average price is $6.13 and its 200 day moving average price is $5.48. The firm has a market capitalization of $532.57 million, a price-to-earnings ratio of -122.25 and a beta of 2.45. The Honest Company, Inc. has a fifty-two week low of $2.40 and a fifty-two week high of $8.97.

Honest (NASDAQ:HNST) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $99.84 million for the quarter, compared to the consensus estimate of $96.46 million. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. Equities analysts forecast that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.

Insider Activity at Honest

In other Honest news, Director Jessica Warren sold 465,000 shares of Honest stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $7.55, for a total transaction of $3,510,750.00. Following the completion of the sale, the director now directly owns 1,170,058 shares of the company’s stock, valued at $8,833,937.90. The trade was a 28.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HNST has been the topic of a number of research reports. Northland Securities upped their price target on Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. B. Riley raised their target price on Honest from $6.50 to $7.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Loop Capital downgraded Honest from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a research report on Tuesday, December 17th. Telsey Advisory Group reissued a “market perform” rating and set a $7.00 price target on shares of Honest in a research report on Thursday, February 27th. Finally, Alliance Global Partners lifted their price objective on shares of Honest from $5.75 to $8.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Honest has an average rating of “Moderate Buy” and an average price target of $6.93.

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.