Jefferies Financial Group Inc. Takes $932,000 Position in The Honest Company, Inc. (NASDAQ:HNST)

Jefferies Financial Group Inc. bought a new stake in shares of The Honest Company, Inc. (NASDAQ:HNST) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 134,453 shares of the company’s stock, valued at approximately $932,000.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Honest during the 4th quarter valued at approximately $26,000. New York State Teachers Retirement System purchased a new position in shares of Honest during the 4th quarter valued at approximately $52,000. Utah Retirement Systems acquired a new stake in Honest in the 4th quarter valued at $86,000. Fox Run Management L.L.C. purchased a new stake in Honest in the 4th quarter worth $89,000. Finally, Walleye Trading LLC purchased a new stake in Honest in the 4th quarter worth $109,000. 45.54% of the stock is owned by hedge funds and other institutional investors.

Honest Stock Performance

Shares of NASDAQ HNST opened at $5.20 on Friday. The firm has a market cap of $573.23 million, a PE ratio of -130.00 and a beta of 2.43. The firm has a fifty day moving average of $4.74 and a 200 day moving average of $5.77. The Honest Company, Inc. has a one year low of $2.40 and a one year high of $8.97.

Honest (NASDAQ:HNST) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.03 EPS for the quarter, topping the consensus estimate 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 company had revenue of $97.25 million during the quarter, compared to analyst estimates of $92.46 million. On average, equities analysts predict 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 issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.70.

Insiders Place Their Bets

In other Honest news, insider Stephen Winchell sold 20,000 shares of Honest stock in a transaction on 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 owns 431,844 shares of the company’s stock, valued at $2,150,583.12. The trade was a 4.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jonathan Mayle sold 37,481 shares of Honest stock in a transaction 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 directly owns 307,740 shares in the company, valued at approximately $1,498,693.80. This trade 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 corporate insiders.

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.