Summer Infant, Inc. (SUMR) Rating Lowered to Sell at ValuEngine

ValuEngine cut shares of Summer Infant, Inc. (NASDAQ:SUMR) from a hold rating to a sell rating in a report released on Thursday.

Several other brokerages also recently issued reports on SUMR. FBR & Co restated an outperform rating and set a $2.50 price objective on shares of Summer Infant in a research report on Tuesday, July 11th. Zacks Investment Research downgraded shares of Summer Infant from a strong-buy rating to a hold rating in a research report on Thursday, July 13th. Finally, Roth Capital set a $3.00 price objective on shares of Summer Infant and gave the stock a buy rating in a research report on Tuesday, August 22nd.

Shares of Summer Infant (NASDAQ:SUMR) traded up $0.04 during midday trading on Thursday, reaching $1.60. The company’s stock had a trading volume of 18,817 shares, compared to its average volume of 30,325. 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 stock has a market cap of $29.04, a price-to-earnings ratio of 156.00 and a beta of -0.17.

Summer Infant (NASDAQ:SUMR) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). The company had revenue of $43.13 million for the quarter, compared to analyst estimates of $48.55 million. Summer Infant had a positive return on equity of 0.43% and a negative net margin of 2.66%. research analysts anticipate that Summer Infant will post 0.15 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in shares of Summer Infant by 4.4% in the first quarter. Renaissance Technologies LLC now owns 220,100 shares of the company’s stock valued at $418,000 after buying an additional 9,300 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Summer Infant in the second quarter valued at approximately $146,000. Finally, Kennedy Capital Management Inc. acquired a new stake in shares of Summer Infant in the second quarter valued at approximately $251,000. Institutional investors own 47.62% of the company’s stock.

About Summer Infant

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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