Summer Infant, Inc. (NASDAQ:SUMR) Given Average Rating of “Strong Buy” by Analysts
Summer Infant, Inc. (NASDAQ:SUMR) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Analysts have set a 12 month consensus price target of $2.50 for the company and are predicting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned Summer Infant an industry rank of 69 out of 265 based on the ratings given to its competitors.
A number of equities research analysts recently weighed in on SUMR shares. Zacks Investment Research raised Summer Infant from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a research report on Tuesday, July 18th. FBR & Co reissued an “outperform” rating and set a $2.50 target price on shares of Summer Infant in a research report on Tuesday, July 11th. Finally, ValuEngine downgraded Summer Infant from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd.
In related news, Director Stephen Zelkowicz acquired 15,500 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were bought at an average cost of $1.70 per share, with a total value of $26,350.00. Following the completion of the acquisition, the director now owns 33,064 shares of the company’s stock, valued at $56,208.80. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Wynnefield Partners Small Cap acquired 185,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were bought at an average cost of $1.78 per share, for a total transaction of $329,300.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 626,274 shares of company stock worth $1,100,755. 8.40% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Wynnefield Capital Inc. increased its stake in Summer Infant by 1.9% in the first quarter. Wynnefield Capital Inc. now owns 5,789,794 shares of the company’s stock worth $11,000,000 after buying an additional 110,000 shares during the last quarter. Renaissance Technologies LLC increased its stake in Summer Infant by 4.4% in the first quarter. Renaissance Technologies LLC now owns 220,100 shares of the company’s stock worth $418,000 after buying an additional 9,300 shares during the last quarter. Finally, Tiemann Investment Advisors LLC bought a new stake in Summer Infant during the first quarter worth $331,000. 50.06% of the stock is currently owned by institutional investors.
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Summer Infant (SUMR) traded up 1.17% on Monday, reaching $1.73. The company’s stock had a trading volume of 22,297 shares. The firm’s market capitalization is $32.05 million. Summer Infant has a 52 week low of $1.61 and a 52 week high of $2.44. The stock’s 50 day moving average is $1.80 and its 200-day moving average is $1.86.
Summer Infant (NASDAQ:SUMR) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.02 EPS for the quarter. Summer Infant had a positive return on equity of 0.85% and a negative net margin of 1.99%. The business had revenue of $47.34 million for the quarter, compared to analyst estimates of $45.82 million. Analysts predict that Summer Infant will post $0.10 EPS for the current year.
Summer Infant Company Profile
Summer Infant, Inc is an infant and juvenile products company. The Company is engaged in the juvenile industry, providing mothers and caregivers a range of products to care for babies and toddlers. As of December 31, 2016, it marketed over 1,100 products in several product categories, including monitoring, safety, nursery, baby gear and feeding products.
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