Summer Infant, Inc. (NASDAQ:SUMR) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokers have set a 1 year consensus price target of $1.50 for the company and are expecting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given Summer Infant an industry rank of 215 out of 257 based on the ratings given to its competitors.

A number of brokerages have weighed in on SUMR. ValuEngine cut shares of Summer Infant from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Zacks Investment Research cut shares of Summer Infant from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd.

An institutional investor recently raised its position in Summer Infant stock. Wynnefield Capital Inc. raised its position in Summer Infant, Inc. (NASDAQ:SUMR) by 4.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,683,932 shares of the company’s stock after acquiring an additional 268,364 shares during the quarter. Summer Infant makes up about 3.4% of Wynnefield Capital Inc.’s holdings, making the stock its 12th biggest holding. Wynnefield Capital Inc. owned about 35.61% of Summer Infant worth $9,291,000 at the end of the most recent reporting period. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ SUMR opened at $1.07 on Thursday. The stock has a market capitalization of $19.92 million, a PE ratio of 15.29 and a beta of 0.18. The company has a quick ratio of 1.17, a current ratio of 1.98 and a debt-to-equity ratio of 3.83. Summer Infant has a 52 week low of $0.72 and a 52 week high of $1.98.

Summer Infant (NASDAQ:SUMR) last released its quarterly earnings data on Thursday, November 1st. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.06). Summer Infant had a negative return on equity of 0.69% and a negative net margin of 2.22%. The firm had revenue of $43.84 million for the quarter, compared to analyst estimates of $47.71 million.

Summer Infant Company Profile

Summer Infant, Inc, together with its subsidiaries, designs, markets, and distributes branded juvenile health, safety, and wellness products primarily in North America. The company markets approximately 1,100 products in various product categories, such as monitoring, safety, nursery, baby gear, and feeding products under the Summer Infant, SwaddleMe, and Born Free brand names.

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