US Bancorp DE Sells 7,304 Shares of The Honest Company, Inc. (NASDAQ:HNST)

US Bancorp DE reduced its position in The Honest Company, Inc. (NASDAQ:HNST) by 33.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,426 shares of the company’s stock after selling 7,304 shares during the period. US Bancorp DE’s holdings in Honest were worth $100,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Zacks Investment Management acquired a new stake in Honest in the 3rd quarter worth approximately $37,000. New York State Teachers Retirement System acquired a new stake in Honest in the 4th quarter worth approximately $52,000. Intech Investment Management LLC acquired a new stake in Honest in the 3rd quarter worth approximately $103,000. Entropy Technologies LP purchased a new position in Honest during the 4th quarter worth approximately $115,000. Finally, MetLife Investment Management LLC raised its position in Honest by 74.8% during the 3rd quarter. MetLife Investment Management LLC now owns 37,235 shares of the company’s stock worth $133,000 after buying an additional 15,930 shares during the last quarter. 45.54% of the stock is currently owned by institutional investors.

Honest Trading Up 5.2 %

Shares of HNST stock opened at $5.09 on Monday. The company’s 50-day moving average price is $5.90 and its 200-day moving average price is $5.52. The stock has a market cap of $554.35 million, a price-to-earnings ratio of -127.25 and a beta of 2.45. The Honest Company, Inc. has a twelve month low of $2.40 and a twelve month high of $8.97.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HNST. Northland Securities lifted their target price on shares of Honest from $7.50 to $9.50 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price target on shares of Honest in a research note on Thursday, February 27th. Finally, Loop Capital cut shares of Honest from a “buy” rating to a “hold” rating and set a $7.00 price target on the stock. in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.42.

Insider Activity at Honest

In other Honest news, insider Stephen Winchell sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $4.98, for a total transaction of $99,600.00. Following the sale, the insider now directly owns 431,844 shares in the company, valued at $2,150,583.12. This represents a 4.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jonathan Mayle sold 37,481 shares of the company’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 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 disclosure for this sale can be found here. 8.60% of the stock is owned by insiders.

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.