Legal & General Group Plc Has $184,000 Stake in The Honest Company, Inc. (NASDAQ:HNST)

Legal & General Group Plc lifted its holdings in shares of The Honest Company, Inc. (NASDAQ:HNST) by 30.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,571 shares of the company’s stock after purchasing an additional 6,146 shares during the quarter. Legal & General Group Plc’s holdings in Honest were worth $184,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ieq Capital LLC lifted its stake in Honest by 61.3% in the fourth quarter. Ieq Capital LLC now owns 130,651 shares of the company’s stock valued at $905,000 after buying an additional 49,673 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Honest in the 4th quarter valued at $819,000. Vanguard Group Inc. lifted its position in Honest by 25.7% in the 4th quarter. Vanguard Group Inc. now owns 5,147,369 shares of the company’s stock valued at $35,671,000 after acquiring an additional 1,052,305 shares in the last quarter. Barclays PLC boosted its stake in Honest by 298.9% in the 3rd quarter. Barclays PLC now owns 110,386 shares of the company’s stock worth $394,000 after purchasing an additional 82,713 shares during the period. Finally, Principal Financial Group Inc. bought a new position in Honest during the 4th quarter worth about $756,000. Institutional investors own 45.54% of the company’s stock.

Insider Transactions at Honest

In related news, SVP Jonathan Mayle sold 37,481 shares of Honest stock in a transaction dated 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 transaction, the senior vice president now owns 307,740 shares in the company, valued at approximately $1,498,693.80. This trade represents a 10.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephen Winchell sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $4.98, for a total value of $99,600.00. Following the completion of the sale, the insider now owns 431,844 shares in the company, valued at $2,150,583.12. This represents a 4.43 % decrease in their position. The disclosure for this sale can be found here. 8.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 price objective on shares of Honest in a research report on Wednesday. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.70.

Honest Price Performance

Shares of NASDAQ HNST opened at $4.83 on Friday. The Honest Company, Inc. has a fifty-two week low of $2.40 and a fifty-two week high of $8.97. The stock has a market capitalization of $532.41 million, a price-to-earnings ratio of -120.75 and a beta of 2.44. The business has a 50-day moving average of $4.79 and a 200-day moving average of $5.69.

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

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.