EntryPoint Capital LLC Raises Stock Holdings in The Honest Company, Inc. (NASDAQ:HNST)

EntryPoint Capital LLC lifted its stake in The Honest Company, Inc. (NASDAQ:HNST) by 179.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,806 shares of the company’s stock after buying an additional 45,508 shares during the quarter. EntryPoint Capital LLC owned about 0.07% of Honest worth $491,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in Honest by 869.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,546,391 shares of the company’s stock worth $10,716,000 after acquiring an additional 1,386,961 shares during the period. Vanguard Group Inc. raised its position in shares of Honest by 25.7% during the 4th quarter. Vanguard Group Inc. now owns 5,147,369 shares of the company’s stock valued at $35,671,000 after purchasing an additional 1,052,305 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Honest by 1,504.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 851,436 shares of the company’s stock valued at $3,040,000 after buying an additional 798,384 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Honest by 377.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 773,806 shares of the company’s stock worth $2,762,000 after buying an additional 611,844 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Honest by 216.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 545,323 shares of the company’s stock worth $1,947,000 after buying an additional 372,749 shares during the period. 45.54% of the stock is owned by hedge funds and other institutional investors.

Honest Trading Down 1.6 %

Shares of Honest stock opened at $5.07 on Wednesday. The firm has a market cap of $552.17 million, a PE ratio of -126.75 and a beta of 2.45. The stock has a 50 day moving average of $5.73 and a 200 day moving average of $5.55. The Honest Company, Inc. has a 12 month low of $2.40 and a 12 month high of $8.97.

Honest (NASDAQ:HNST) last posted its earnings results on Wednesday, February 26th. The company reported ($0.01) EPS 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 firm had revenue of $99.84 million during the quarter, compared to the consensus estimate of $96.46 million. As a group, equities research analysts forecast that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.

Insider Transactions at Honest

In related news, insider Stephen Winchell sold 20,000 shares of Honest stock in a transaction dated 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 approximately $2,150,583.12. This trade represents a 4.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jonathan Mayle sold 37,481 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $4.87, for a total value of $182,532.47. Following the sale, 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 disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

HNST has been the topic of several research analyst reports. Loop Capital downgraded Honest from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a research report on Tuesday, December 17th. Northland Securities boosted their price target on Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 price objective on shares of Honest in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.42.

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.