Roth Capital set a $3.00 price target on Summer Infant, Inc. (NASDAQ:SUMR) in a report issued on Tuesday. The firm currently has a buy rating on the stock.
Several other equities analysts also recently commented on SUMR. Zacks Investment Research raised shares of Summer Infant from a strong sell rating to a hold rating in a research report on Saturday, May 6th. ValuEngine cut shares of Summer Infant from a hold rating to a sell rating in a report on Friday, June 23rd. Finally, FBR & Co restated an outperform rating and set a $2.50 price target on shares of Summer Infant in a report on Tuesday, July 11th.
Shares of Summer Infant (NASDAQ:SUMR) opened at 1.99 on Tuesday. The stock’s market cap is $36.99 million. Summer Infant has a one year low of $1.65 and a one year high of $2.37. The firm’s 50-day moving average price is $1.80 and its 200 day moving average price is $1.84.
Summer Infant (NASDAQ:SUMR) last posted its earnings results on Wednesday, August 2nd. The company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The firm had revenue of $52.58 million for the quarter, compared to the consensus estimate of $46.33 million. Summer Infant had a negative net margin of 1.82% and a positive return on equity of 0.56%. Equities research analysts expect that Summer Infant will post $0.14 EPS for the current fiscal year.
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In other news, major shareholder Wynnefield Partners Small Cap purchased 15,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was bought at an average cost of $1.86 per share, for a total transaction of $27,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.40% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in SUMR. Janus Henderson Group PLC bought a new stake in Summer Infant during the second quarter valued at $146,000. Kennedy Capital Management Inc. bought a new stake in Summer Infant during the second quarter valued at $251,000. Tiemann Investment Advisors LLC bought a new stake in Summer Infant during the first quarter valued at $331,000. Renaissance Technologies LLC boosted its stake in 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 during the last quarter. Finally, Wynnefield Capital Inc. boosted its stake in 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 during the last quarter. Institutional investors own 49.95% of the company’s stock.
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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