Zacks: Summer Infant, Inc. (SUMR) Given Consensus Recommendation of “Strong Buy” by Brokerages

Shares of Summer Infant, Inc. (NASDAQ:SUMR) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus target price of $2.50 for the company and are expecting that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also given Summer Infant an industry rank of 205 out of 265 based on the ratings given to related companies.

A number of research analysts have commented on the stock. B. Riley restated a “buy” rating on shares of Summer Infant in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of Summer Infant from a “strong sell” rating to a “hold” rating in a research note on Friday, January 5th. Finally, ValuEngine upgraded shares of Summer Infant from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd.

Summer Infant (SUMR) traded up $0.01 during midday trading on Monday, hitting $1.36. 21,800 shares of the company traded hands, compared to its average volume of 32,178. The company has a current ratio of 1.95, a quick ratio of 0.92 and a debt-to-equity ratio of 2.86. Summer Infant has a twelve month low of $1.31 and a twelve month high of $2.25. The company has a market capitalization of $25.32, a PE ratio of -5.04 and a beta of -0.19.

Summer Infant (NASDAQ:SUMR) last released its earnings results on Wednesday, November 1st. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). The company had revenue of $43.13 million during the quarter, compared to the consensus estimate of $48.55 million. Summer Infant had a negative net margin of 2.66% and a positive return on equity of 0.43%. sell-side analysts predict that Summer Infant will post 0.13 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. bought a new position in Summer Infant during the third quarter worth about $141,000. Janus Henderson Group PLC bought a new position in Summer Infant during the second quarter worth about $146,000. Kennedy Capital Management Inc. bought a new position in Summer Infant during the second quarter worth about $251,000. Finally, Quantum Capital Management lifted its stake in Summer Infant by 750.5% during the third quarter. Quantum Capital Management now owns 227,936 shares of the company’s stock worth $431,000 after purchasing an additional 201,136 shares during the period. Hedge funds and other institutional investors own 49.70% of the company’s stock.

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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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