Summer Infant, Inc. (NASDAQ:SUMR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Based in Woonsocket, Rhode Island, SUMMER INFANT, INC. is a designer, marketer and distributor of branded durable juvenile health, safety and wellness products (for ages upto three years), which are sold principally to large U.S. retailers. The Company currently sells proprietary products in a number of different categories, including nursery audio/video monitors, safety gates, durable bath products, bed rails, infant thermometers and related nursery, health and safety products, booster and potty seats, soft goods, bouncers, strollers, travel accessories, highchairs and swings. “

A number of other analysts have also recently weighed in on SUMR. ValuEngine cut Summer Infant from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Roth Capital set a $3.00 target price on Summer Infant and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. Finally, FBR & Co reaffirmed an “outperform” rating and set a $2.50 target price on shares of Summer Infant in a research report on Tuesday, July 11th.

Summer Infant (NASDAQ SUMR) traded up 2.70% during midday trading on Wednesday, hitting $1.90. The company had a trading volume of 20,544 shares. The stock’s market capitalization is $35.32 million. The stock has a 50 day moving average price of $1.96 and a 200-day moving average price of $1.85. Summer Infant has a 52 week low of $1.65 and a 52 week high of $2.32.

Summer Infant (NASDAQ:SUMR) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $52.58 million for the quarter, compared to analyst estimates of $46.33 million. Summer Infant had a negative net margin of 1.82% and a positive return on equity of 0.56%. On average, equities analysts predict that Summer Infant will post $0.14 EPS for the current year.

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In related news, major shareholder Wynnefield Partners Small Cap bought 15,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average cost of $1.86 per share, for a total transaction of $27,900.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC purchased a new position in shares of Summer Infant in the second quarter worth $146,000. Kennedy Capital Management Inc. acquired a new stake in shares of Summer Infant during the second quarter worth $251,000. Renaissance Technologies LLC lifted its stake in shares of Summer Infant by 4.4% during 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 period. Finally, Wynnefield Capital Inc. lifted its stake in shares of Summer Infant by 1.9% during 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 period. Institutional investors and hedge funds own 47.62% of the company’s stock.

About Summer Infant

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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