Summer Infant (SUMR) Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Summer Infant (NASDAQ:SUMR) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

According to Zacks, “Based in Woonsocket, Rhode Island, SUMMER INFANT, INC. is a designer, marketer and distributor of branded durable juvenile health, safety and wellness products (for ages upto three years), which are sold principally to large U.S. retailers. The Company currently sells proprietary products in a number of different categories, including nursery audio/video monitors, safety gates, durable bath products, bed rails, infant thermometers and related nursery, health and safety products, booster and potty seats, soft goods, bouncers, strollers, travel accessories, highchairs and swings. “

Other analysts have also issued research reports about the stock. B. Riley reiterated a buy rating on shares of Summer Infant in a research note on Thursday, November 2nd. ValuEngine upgraded shares of Summer Infant from a hold rating to a buy rating in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $2.50.

Summer Infant (NASDAQ:SUMR) traded up $0.01 during midday trading on Friday, hitting $1.36. 21,800 shares of the stock traded hands, compared to its average volume of 32,178. Summer Infant has a 12-month low of $1.31 and a 12-month high of $2.25. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.92 and a current ratio of 1.95. The company has a market cap of $25.32, a price-to-earnings ratio of -5.04 and a beta of -0.19.

Summer Infant (NASDAQ:SUMR) last posted its earnings results 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). Summer Infant had a positive return on equity of 0.43% and a negative net margin of 2.66%. The firm had revenue of $43.13 million during the quarter, compared to the consensus estimate of $48.55 million. equities analysts forecast that Summer Infant will post 0.13 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quantum Capital Management grew its position in Summer Infant by 750.5% during the third quarter. Quantum Capital Management now owns 227,936 shares of the company’s stock valued at $431,000 after buying an additional 201,136 shares during the period. Kennedy Capital Management Inc. bought a new position in Summer Infant during the second quarter valued at about $251,000. Janus Henderson Group PLC bought a new position in Summer Infant during the second quarter valued at about $146,000. Finally, Macquarie Group Ltd. bought a new position in Summer Infant during the third quarter valued at about $141,000. Hedge funds and other institutional investors own 49.70% of the company’s stock.

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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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