Summer Infant, Inc. (NASDAQ:SUMR) Director Andrew Michael Train bought 10,000 shares of the stock in a transaction on Tuesday, June 12th. The shares were bought at an average price of $1.34 per share, for a total transaction of $13,400.00. Following the purchase, the director now directly owns 25,000 shares in the company, valued at approximately $33,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Summer Infant traded up $0.01, hitting $1.29, during midday trading on Friday, according to Marketbeat.com. 41,100 shares of the company traded hands, compared to its average volume of 154,774. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.95 and a current ratio of 1.81. The stock has a market capitalization of $23.92 million, a P/E ratio of 18.43 and a beta of -0.26. Summer Infant, Inc. has a 52 week low of $0.72 and a 52 week high of $2.25.
Summer Infant (NASDAQ:SUMR) last issued its quarterly earnings data on Thursday, May 3rd. The company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Summer Infant had a negative net margin of 2.78% and a positive return on equity of 4.01%. The firm had revenue of $42.06 million for the quarter, compared to analysts’ expectations of $40.24 million. research analysts forecast that Summer Infant, Inc. will post 0.1 EPS for the current fiscal year.
Several large investors have recently modified their holdings of SUMR. Municipal Employees Retirement System of Michigan bought a new position in shares of Summer Infant in the 4th quarter worth approximately $333,000. Kennedy Capital Management Inc. lifted its stake in shares of Summer Infant by 76.1% in the 4th 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. Quantum Capital Management lifted its stake in shares of Summer Infant by 18.6% in the 1st quarter. Quantum Capital Management now owns 337,936 shares of the company’s stock worth $389,000 after purchasing an additional 52,942 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Summer Infant by 15.2% in the 4th 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. Hedge funds and other institutional investors own 49.75% of the company’s stock.
Several equities analysts have issued reports on SUMR shares. Zacks Investment Research upgraded shares of Summer Infant from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 25th. ValuEngine cut shares of Summer Infant from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. Finally, Roth Capital restated a “buy” rating on shares of Summer Infant in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $2.50.
Summer Infant Company Profile
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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