Fox Run Management L.L.C. Acquires New Shares in The Honest Company, Inc. (NASDAQ:HNST)

Fox Run Management L.L.C. purchased a new position in shares of The Honest Company, Inc. (NASDAQ:HNST) during the fourth quarter, HoldingsChannel reports. The fund purchased 12,884 shares of the company’s stock, valued at approximately $89,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Valmark Advisers Inc. grew its position in shares of Honest by 1.7% in the 4th quarter. Valmark Advisers Inc. now owns 163,015 shares of the company’s stock valued at $1,130,000 after purchasing an additional 2,735 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Honest during the fourth quarter worth $26,000. Dynamic Technology Lab Private Ltd increased its position in shares of Honest by 7.1% during the third 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 in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Honest by 3.4% during the third 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 period. Finally, New York State Teachers Retirement System bought a new stake in Honest in the 4th quarter valued at $52,000. 45.54% of the stock is owned by institutional investors and hedge funds.

Honest Price Performance

Shares of NASDAQ:HNST opened at $4.74 on Friday. The business’s 50 day simple moving average is $5.64 and its 200 day simple moving average is $5.55. The company has a market capitalization of $516.23 million, a P/E ratio of -118.50 and a beta of 2.45. The Honest Company, Inc. has a 1 year low of $2.40 and a 1 year 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, topping analysts’ consensus estimates of ($0.02) by $0.01. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. The firm had revenue of $99.84 million during the quarter, compared to analysts’ expectations of $96.46 million. On average, sell-side analysts anticipate that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Stephen Winchell sold 20,000 shares of the 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 sale, the insider now owns 431,844 shares of the company’s stock, valued at approximately $2,150,583.12. This represents a 4.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jonathan Mayle sold 37,481 shares of Honest stock in a transaction that occurred 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 directly owns 307,740 shares in the company, valued at approximately $1,498,693.80. This 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.

Analysts Set New Price Targets

Several research firms have issued reports on HNST. 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. Northland Securities lifted their target price on Honest from $7.50 to $9.50 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, Loop Capital downgraded Honest from a “buy” rating to a “hold” rating and set a $7.00 price target for the company. in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $7.42.

About Honest

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.