Brokerages Set $2.00 Price Target for Summer Infant, Inc. (SUMR)

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

Brokers have set a 12 month consensus price target of $2.00 for the company and are anticipating that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also given Summer Infant an industry rank of 127 out of 265 based on the ratings given to its competitors.

A number of analysts have commented on SUMR shares. Roth Capital reissued a “buy” rating on shares of Summer Infant in a report on Thursday, February 22nd. ValuEngine upgraded Summer Infant from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research upgraded Summer Infant from a “strong sell” rating to a “hold” rating in a research note on Friday, January 5th.

Summer Infant stock traded up $0.01 during midday trading on Friday, reaching $1.16. The stock had a trading volume of 1,455 shares, compared to its average volume of 21,923. Summer Infant has a 12 month low of $0.90 and a 12 month high of $2.25. The firm has a market capitalization of $21.61, a price-to-earnings ratio of 16.57 and a beta of -0.40. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.92 and a quick ratio of 1.01.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its holdings 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 worth $511,000 after purchasing an additional 45,000 shares during the period. Macquarie Group Ltd. bought a new position in shares of Summer Infant in the third quarter worth $141,000. Kennedy Capital Management Inc. increased its holdings 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 worth $771,000 after purchasing an additional 222,217 shares during the period. Finally, Municipal Employees Retirement System of Michigan bought a new position in Summer Infant in the fourth quarter valued at $333,000. Hedge funds and other institutional investors own 51.60% 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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