Zacks Investment Research cut shares of Summer Infant, Inc. (NASDAQ:SUMR) from a hold rating to a strong sell rating in a research note released on Wednesday 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. “

A number of other equities analysts also recently commented on SUMR. FBR & Co reissued an outperform rating and set a $2.50 price objective on shares of Summer Infant in a research report on Tuesday, July 11th. Roth Capital set a $3.00 price objective on Summer Infant and gave the stock a buy rating in a research report on Tuesday, August 22nd. ValuEngine downgraded Summer Infant from a hold rating to a sell rating in a research report on Friday, September 1st. Finally, B. Riley reissued a buy rating on shares of Summer Infant in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $2.50.

Summer Infant (SUMR) traded down $0.01 during trading on Wednesday, hitting $1.62. The stock had a trading volume of 7,053 shares, compared to its average volume of 26,835. The stock has a market capitalization of $29.41, a PE ratio of 158.00 and a beta of -0.17. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.95 and a quick ratio of 0.92. Summer Infant has a twelve month low of $1.53 and a twelve month high of $2.32.

Summer Infant (NASDAQ:SUMR) last released its earnings results on Wednesday, November 1st. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). The firm had revenue of $43.13 million during the quarter, compared to analyst estimates of $48.55 million. Summer Infant had a negative net margin of 2.66% and a positive return on equity of 0.43%. sell-side analysts expect that Summer Infant will post 0.12 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew its position in shares of Summer Infant by 4.4% during the first quarter. Renaissance Technologies LLC now owns 220,100 shares of the company’s stock worth $418,000 after buying an additional 9,300 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of Summer Infant during the third quarter worth about $141,000. Janus Henderson Group PLC acquired a new position in shares of Summer Infant during the second quarter worth about $146,000. Kennedy Capital Management Inc. acquired a new position in Summer Infant in the second quarter valued at approximately $251,000. Finally, Quantum Capital Management boosted its holdings in Summer Infant by 750.5% in the third quarter. Quantum Capital Management now owns 227,936 shares of the company’s stock valued at $431,000 after purchasing an additional 201,136 shares in the last quarter. 47.62% of the stock is owned by institutional investors and hedge funds.

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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