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

Brokerages have set a 12 month consensus price objective of $2.00 for the company and are predicting that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also given Summer Infant an industry rank of 169 out of 265 based on the ratings given to related companies.

Several equities research analysts have recently issued reports on SUMR shares. Zacks Investment Research raised Summer Infant from a “strong sell” rating to a “hold” rating in a research report on Friday, January 5th. Roth Capital reiterated a “buy” rating on shares of Summer Infant in a research note on Thursday, February 22nd. Finally, ValuEngine cut shares of Summer Infant from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. bought a new stake in shares of Summer Infant in the third quarter valued at about $141,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Summer Infant in the fourth quarter valued at about $333,000. Renaissance Technologies LLC lifted its stake in shares of Summer Infant by 15.2% in the fourth quarter. Renaissance Technologies LLC now owns 340,800 shares of the company’s stock valued at $511,000 after buying an additional 45,000 shares during the period. Finally, Kennedy Capital Management Inc. lifted its stake in shares of Summer Infant by 76.1% in the fourth quarter. Kennedy Capital Management Inc. now owns 514,142 shares of the company’s stock valued at $771,000 after buying an additional 222,217 shares during the period. Institutional investors and hedge funds own 51.63% of the company’s stock.

Shares of NASDAQ:SUMR opened at $1.04 on Thursday. The stock has a market capitalization of $19.19, a PE ratio of 14.86 and a beta of -0.40. Summer Infant has a 52-week low of $0.90 and a 52-week high of $2.25. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.01 and a current ratio of 1.92.

Summer Infant (NASDAQ:SUMR) last issued its quarterly earnings results on Tuesday, February 20th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.06). The business had revenue of $46.82 million during the quarter, compared to analyst estimates of $49.17 million. Summer Infant had a negative net margin of 1.18% and a positive return on equity of 8.20%. sell-side analysts predict that Summer Infant will post 0.1 earnings per share for the current year.

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About Summer Infant

Summer Infant, Inc, together with its subsidiaries, designs, markets, and distributes branded juvenile health, safety, and wellness products primarily in North America. The company markets approximately 1,100 products in various product categories, such as monitoring, safety, nursery, baby gear, and feeding products under the Summer Infant, SwaddleMe, and Born Free brand names.

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