Zacks: Summer Infant, Inc. (SUMR) Given Average Rating of “Strong Buy” by Analysts
Summer Infant, Inc. (NASDAQ:SUMR) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price target of $2.50 for the company and are expecting that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also assigned Summer Infant an industry rank of 207 out of 265 based on the ratings given to related companies.
SUMR has been the subject of several research reports. B. Riley restated a “buy” rating on shares of Summer Infant in a research report on Thursday, November 2nd. Roth Capital set a $3.00 price target on shares of Summer Infant and gave the company a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Summer Infant from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a research report on Wednesday, October 18th. Finally, ValuEngine lowered shares of Summer Infant from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd.
A number of large investors have recently modified their holdings of SUMR. 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. Renaissance Technologies LLC boosted its position in 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 purchasing an additional 9,300 shares during the period. Finally, Quantum Capital Management boosted its position 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 48.20% of the company’s stock.
Summer Infant (NASDAQ:SUMR) opened at $1.62 on Friday. The firm has a market cap of $28.67, a PE ratio of 161.00 and a beta of -0.16. 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 1 year low of $1.50 and a 1 year high of $2.32.
Summer Infant (NASDAQ:SUMR) last posted its quarterly 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 for 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%. equities analysts forecast that Summer Infant will post 0.13 EPS for the current year.
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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