BNP Paribas Financial Markets Purchases New Stake in The Honest Company, Inc. (NASDAQ:HNST)

BNP Paribas Financial Markets purchased a new stake in shares of The Honest Company, Inc. (NASDAQ:HNST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 187,607 shares of the company’s stock, valued at approximately $1,300,000. BNP Paribas Financial Markets owned 0.19% of Honest as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in HNST. JPMorgan Chase & Co. grew its position in Honest by 377.8% during the third quarter. JPMorgan Chase & Co. now owns 773,806 shares of the company’s stock valued at $2,762,000 after buying an additional 611,844 shares during the period. SG Americas Securities LLC lifted its holdings in Honest by 47.7% during the fourth quarter. SG Americas Securities LLC now owns 42,229 shares of the company’s stock valued at $293,000 after purchasing an additional 13,644 shares during the last quarter. Entropy Technologies LP purchased a new stake in Honest during the fourth quarter valued at about $115,000. New York State Teachers Retirement System purchased a new stake in Honest during the fourth quarter valued at about $52,000. Finally, Rhumbline Advisers lifted its holdings in Honest by 12.0% during the fourth quarter. Rhumbline Advisers now owns 109,943 shares of the company’s stock valued at $762,000 after purchasing an additional 11,794 shares during the last quarter. Institutional investors own 45.54% of the company’s stock.

Insider Activity

In other news, insider Stephen Winchell sold 20,000 shares of the business’s 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 $2,150,583.12. The trade was a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jonathan Mayle sold 37,481 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $4.87, for a total value of $182,532.47. Following the completion of the transaction, the senior vice president now owns 307,740 shares of the company’s stock, valued at $1,498,693.80. This represents a 10.86% decrease in their position. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by company insiders.

Honest Trading Down 0.9%

Shares of NASDAQ HNST opened at $5.46 on Tuesday. The stock has a market cap of $601.89 million, a price-to-earnings ratio of -136.50 and a beta of 2.43. The Honest Company, Inc. has a 1-year low of $2.40 and a 1-year high of $8.97. The stock’s 50-day moving average is $4.77 and its 200 day moving average is $5.82.

Honest (NASDAQ:HNST) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 $97.25 million for the quarter, compared to analysts’ expectations of $92.46 million. On average, analysts forecast that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price target on shares of Honest in a report on Thursday, May 8th. 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $7.70.

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.