Summer Infant, Inc. (NASDAQ:SUMR) has been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Analysts have set a 12 month consensus price objective of $2.50 for the company and are expecting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also given Summer Infant an industry rank of 35 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have weighed in on SUMR shares. Zacks Investment Research raised Summer Infant from a “hold” rating to a “strong-buy” rating and set a $2.00 target price on the stock in a report on Wednesday, May 17th. Roth Capital set a $3.00 target price on Summer Infant and gave the company a “buy” rating in a report on Monday, February 27th.
In other news, Director Stephen Zelkowicz acquired 15,500 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were bought at an average price of $1.70 per share, with a total value of $26,350.00. Following the acquisition, the director now directly owns 33,064 shares in the company, valued at approximately $56,208.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Wynnefield Partners Small Cap acquired 425,774 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were purchased at an average cost of $1.75 per share, for a total transaction of $745,104.50. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 626,274 shares of company stock worth $1,100,755. 8.40% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Tiemann Investment Advisors LLC purchased a new stake in Summer Infant during the first quarter valued at $331,000. Geode Capital Management LLC increased its stake in Summer Infant by 0.5% in the first quarter. Geode Capital Management LLC now owns 74,509 shares of the company’s stock valued at $141,000 after buying an additional 372 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in Summer Infant during the fourth quarter valued at $283,000. Renaissance Technologies LLC increased its stake in Summer Infant by 1.1% in the fourth quarter. Renaissance Technologies LLC now owns 210,800 shares of the company’s stock valued at $422,000 after buying an additional 2,300 shares during the period. Finally, Wynnefield Capital Inc. raised its position in shares of Summer Infant by 1.9% in the first quarter. Wynnefield Capital Inc. now owns 5,789,794 shares of the company’s stock valued at $11,000,000 after buying an additional 110,000 shares in the last quarter. 50.17% of the stock is currently owned by institutional investors.
Shares of Summer Infant (SUMR) traded down 3.76% during mid-day trading on Tuesday, hitting $1.79. The stock had a trading volume of 73,767 shares. The stock has a 50 day moving average of $1.81 and a 200-day moving average of $1.90. The stock’s market capitalization is $33.16 million. Summer Infant has a 52 week low of $1.61 and a 52 week high of $2.44.
Summer Infant (NASDAQ:SUMR) last issued its earnings results on Thursday, May 4th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $47.34 million for the quarter, compared to the consensus estimate of $45.82 million. Summer Infant had a positive return on equity of 0.85% and a negative net margin of 1.99%. On average, equities research analysts predict that Summer Infant will post $0.10 earnings per share for the current year.
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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