Honest Company rallies after expanding partnership with Ulta Beauty

Aug. 02, 2022 9:24 AM ETThe Honest Company, Inc. (HNST)ULTABy: Clark Schultz, SA News Editor4 Comments

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Dimitrios Kambouris

The Honest Company (NASDAQ:HNST) announced that it has expanded its partnership with Ulta Beauty (ULTA) by launching at more than 635 locations.

The Honest brand also launched its new skincare line called the Honest Beauty Clearing Collection exclusively with Ulta Beauty (ULTA) both online and in stores.

Founder Jessica Alba said the company sees a huge opportunity to meet the needs of the clean and conscious beauty consumer with the Ulta Beauty partnership.

Shares of HNST rose 3.26% premarket to $3.48 vs. the 52-week trading range of $2.55 to $14.59.

Shares of ULTA slipped 0.45% premarket to $392.50 vs. the 52-week trading range of $331.02 to $438.63.

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