ValuEngine Downgrades Summer Infant, Inc. (SUMR) to Sell

Summer Infant, Inc. (NASDAQ:SUMR) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, November 2nd.

A number of other research analysts also recently commented on SUMR. Zacks Investment Research upgraded Summer Infant from a “hold” rating to a “buy” rating and set a $2.00 price objective on the stock in a report on Tuesday, July 18th. Roth Capital set a $3.00 price objective on Summer Infant and gave the company a “buy” rating in a report on Tuesday, August 22nd. Finally, FBR & Co reiterated an “outperform” rating and issued a $2.50 price objective on shares of Summer Infant in a report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Summer Infant currently has a consensus rating of “Hold” and an average target price of $2.50.

Summer Infant (NASDAQ SUMR) traded up $0.01 on Thursday, reaching $1.54. The company had a trading volume of 47,356 shares, compared to its average volume of 45,740. Summer Infant has a 1 year low of $1.46 and a 1 year high of $2.32. The company has a current ratio of 1.95, a quick ratio of 0.92 and a debt-to-equity ratio of 2.86. The firm has a market cap of $30.15, a price-to-earnings ratio of 159.00 and a beta of -0.16.

Summer Infant (NASDAQ:SUMR) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). Summer Infant had a positive return on equity of 0.43% and a negative net margin of 2.66%. The company had revenue of $43.13 million for the quarter, compared to analysts’ expectations of $48.55 million. research analysts anticipate that Summer Infant will post 0.13 earnings per share for the current year.

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A number of institutional investors have recently bought and sold shares of SUMR. Macquarie Group Ltd. acquired a new stake in Summer Infant during the 3rd quarter worth approximately $141,000. Janus Henderson Group PLC acquired a new stake in Summer Infant during the 2nd quarter worth approximately $146,000. Kennedy Capital Management Inc. acquired a new stake in Summer Infant during the 2nd quarter worth approximately $251,000. Renaissance Technologies LLC lifted its position in Summer Infant by 4.4% during the 1st quarter. Renaissance Technologies LLC now owns 220,100 shares of the company’s stock worth $418,000 after acquiring an additional 9,300 shares during the period. Finally, Quantum Capital Management lifted its position in Summer Infant by 750.5% during the 3rd quarter. Quantum Capital Management now owns 227,936 shares of the company’s stock worth $431,000 after acquiring an additional 201,136 shares during the period. 49.75% of the stock is owned by institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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