The Honest Company, Inc. (NASDAQ:HNST) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of The Honest Company, Inc. (NASDAQ:HNST) by 32.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 719,871 shares of the company’s stock after buying an additional 174,548 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.71% of Honest worth $4,989,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valmark Advisers Inc. grew its position in Honest by 1.7% during the fourth quarter. Valmark Advisers Inc. now owns 163,015 shares of the company’s stock valued at $1,130,000 after buying an additional 2,735 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Honest in the fourth quarter valued at about $26,000. Dynamic Technology Lab Private Ltd grew its position in shares of Honest by 7.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 80,544 shares of the company’s stock valued at $288,000 after purchasing an additional 5,330 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Honest by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 225,567 shares of the company’s stock valued at $805,000 after purchasing an additional 7,379 shares during the period. Finally, New York State Teachers Retirement System acquired a new stake in shares of Honest in the fourth quarter valued at about $52,000. Institutional investors and hedge funds own 45.54% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Honest news, insider Stephen Winchell sold 20,000 shares of Honest stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $4.98, for a total transaction of $99,600.00. Following the transaction, the insider now directly owns 431,844 shares of the company’s stock, valued at $2,150,583.12. The trade was a 4.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jonathan Mayle sold 37,481 shares of the business’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 transaction of $182,532.47. Following the completion of the sale, the senior vice president now directly owns 307,740 shares in the company, valued at $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. 8.60% of the stock is owned by insiders.

Honest Trading Up 5.2 %

HNST opened at $5.09 on Monday. The firm has a market capitalization of $554.35 million, a PE ratio of -127.25 and a beta of 2.45. The Honest Company, Inc. has a twelve month low of $2.40 and a twelve month high of $8.97. The firm’s 50-day moving average price is $5.90 and its 200 day moving average price is $5.52.

Honest (NASDAQ:HNST) last issued 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 company had revenue of $99.84 million for the quarter, compared to the consensus estimate of $96.46 million. As a group, analysts predict that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal 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.