Analysts Set $1.50 Price Target for Summer Infant, Inc. (SUMR)

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

Brokers have set a one year consensus target price of $1.50 for the company and are expecting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given Summer Infant an industry rank of 186 out of 257 based on the ratings given to related companies.

SUMR has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Summer Infant from a “hold” rating to a “buy” rating and set a $1.50 target price for the company in a research note on Wednesday, October 10th. ValuEngine raised shares of Summer Infant from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th.

A hedge fund recently raised its stake in Summer Infant stock. Wynnefield Capital Inc. raised its holdings in shares of Summer Infant, Inc. (NASDAQ:SUMR) by 4.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,683,932 shares of the company’s stock after purchasing an additional 268,364 shares during the period. Summer Infant accounts for 3.4% of Wynnefield Capital Inc.’s portfolio, making the stock its 12th largest position. Wynnefield Capital Inc. owned approximately 35.61% of Summer Infant worth $9,291,000 as of its most recent SEC filing. Institutional investors own 45.70% of the company’s stock.

Shares of NASDAQ SUMR traded down $0.04 on Thursday, reaching $1.12. 67,000 shares of the company’s stock traded hands, compared to its average volume of 74,364. Summer Infant has a 12 month low of $0.72 and a 12 month high of $1.98. The company has a market capitalization of $23.87 million, a price-to-earnings ratio of 16.00 and a beta of 0.18. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.17 and a current ratio of 1.98.

Summer Infant (NASDAQ:SUMR) last announced its earnings results on Thursday, November 1st. The company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.06). Summer Infant had a negative net margin of 2.22% and a negative return on equity of 0.69%. The business had revenue of $43.84 million for the quarter, compared to the consensus estimate of $47.71 million.

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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