The stock of Summer Infant, Inc. (NASDAQ:SUMR) is a huge mover today! The stock increased 3.98% or $0.08 on November 23, hitting $2.09. About 367,264 shares traded hands or 799.21% up from the average. Summer Infant, Inc. (NASDAQ:SUMR) has risen 44.14% since April 22, 2016 and is uptrending. It has outperformed by 38.73% the S&P500.
The move comes after 9 months positive chart setup for the $36.82 million company. It was reported on Nov, 24 by Barchart.com. We have $2.19 PT which if reached, will make NASDAQ:SUMR worth $1.84 million more.
Analysts await Summer Infant, Inc. (NASDAQ:SUMR) to report earnings on February, 22. They expect $0.02 EPS, up 133.33% or $0.08 from last year’s $-0.06 per share. SUMR’s profit will be $352,344 for 26.13 P/E if the $0.02 EPS becomes a reality. After $0.02 actual EPS reported by Summer Infant, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 2.17 in 2016 Q2. Its up 1.67, from 0.5 in 2016Q1. The ratio improved, as 6 funds sold all Summer Infant, Inc. shares owned while 4 reduced positions. 1 funds bought stakes while 4 increased positions. They now own 8.93 million shares or 1.51% less from 9.07 million shares in 2016Q1.
Moreover, Paradigm Mngmt New York has 0.37% invested in Summer Infant, Inc. (NASDAQ:SUMR) for 1.82M shares. Walleye Trading Ltd Liability Com reported 681 shares or 0% of all its holdings. First National Tru accumulated 10,000 shares or 0% of the stock. Tower Cap (Trc) holds 0% of its portfolio in Summer Infant, Inc. (NASDAQ:SUMR) for 1,048 shares. Geode Capital Lc accumulated 73,827 shares or 0% of the stock. Vanguard Gru holds 322,210 shares or 0% of its portfolio. Blackrock Fund holds 6,279 shares or 0% of its portfolio. Commonwealth Equity Services Inc has 0% invested in the company for 33,782 shares. Tocqueville Asset Lp holds 0.03% or 1.49 million shares in its portfolio. Northern Tru Corporation owns 12,239 shares or 0% of their US portfolio. Bank Of America Corp De has 0% invested in the company for 11 shares. Price T Rowe Assocs Incorporated Md, a Maryland-based fund reported 24,500 shares. State Of New Jersey Common Pension Fund D accumulated 548,000 shares or 0% of the stock. Moreover, Perkins Capital Inc has 0.07% invested in Summer Infant, Inc. (NASDAQ:SUMR) for 37,500 shares. Morgan Stanley reported 4,450 shares or 0% of all its holdings.
Insider Transactions: Since August 5, 2016, the stock had 16 insider purchases, and 1 sale for $2.63 million net activity. The insider WYNNEFIELD PARTNERS SMALL CAP VALUE LP bought 131,420 shares worth $262,840. $56,702 worth of shares were bought by Marino Robin L on Wednesday, November 9. Shares for $7,355 were sold by MOTE WILLIAM E JR on Monday, September 12.
More news for Summer Infant, Inc. (NASDAQ:SUMR) were recently published by: Prnewswire.com, which released: “Summer Infant and GOOD+ Foundation Launch the Sharing Is Caring Social Charity …” on November 14, 2016. Globenewswire.com‘s article titled: “Summer Infant Names Seasoned Juvenile Products Leader Mark Messner as …” and published on June 29, 2016 is yet another important article.
SUMR Company Profile
Summer Infant, Inc. (Summer), incorporated on December 9, 2004, is an infant and juvenile products company. The Firm creates branded juvenile safety and infant care products (targeted for ages 0 to 3 years) that are focused to deliver a range of parenting solutions to families. The Firm operates across various marketplaces, selling its products to national retailers, as well as independent retailers, and on the Internet through third-party Websites and its own summerinfant.com Website. It also sells through international distributors, representatives and to international retail clients in geographic locations. It markets over 1,100 products in various product categories, including monitoring, safety, nursery, baby gear and feeding products. The Company’s portfolio of brands, under which it markets all of its products, includes Summer Infant, Born Free, SwaddleMe and Kiddopotamus.
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