Unifi, Inc. (NYSE:UFI) insider Mark A. Mcneill sold 8,333 shares of Unifi stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $29.92, for a total value of $249,323.36. Following the transaction, the insider now directly owns 13,168 shares in the company, valued at $393,986.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of UFI opened at $31.61 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.49 and a quick ratio of 1.91. The company has a market cap of $579.41 million, a price-to-earnings ratio of 16.95 and a beta of 0.67. Unifi, Inc. has a 52 week low of $31.50 and a 52 week high of $32.05.
Unifi (NYSE:UFI) last issued its quarterly earnings data on Wednesday, April 25th. The textile maker reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.39). The company had revenue of $165.87 million for the quarter, compared to the consensus estimate of $166.12 million. Unifi had a return on equity of 7.10% and a net margin of 4.58%. analysts expect that Unifi, Inc. will post 1.21 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Unifi by 120.7% in the first quarter. Barclays PLC now owns 5,467 shares of the textile maker’s stock valued at $199,000 after acquiring an additional 2,990 shares in the last quarter. Diker Management LLC bought a new position in shares of Unifi in the first quarter valued at approximately $1,845,000. Uniplan Investment Counsel Inc. grew its holdings in shares of Unifi by 1.7% in the first quarter. Uniplan Investment Counsel Inc. now owns 181,280 shares of the textile maker’s stock valued at $6,571,000 after acquiring an additional 2,962 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Unifi by 2.6% in the first quarter. Principal Financial Group Inc. now owns 130,434 shares of the textile maker’s stock valued at $4,728,000 after acquiring an additional 3,304 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Unifi by 17.5% in the first quarter. GSA Capital Partners LLP now owns 45,603 shares of the textile maker’s stock valued at $1,653,000 after acquiring an additional 6,795 shares in the last quarter. 79.41% of the stock is owned by institutional investors.
A number of analysts recently commented on UFI shares. Zacks Investment Research lowered Unifi from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. ValuEngine raised Unifi from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, TheStreet lowered Unifi from a “b” rating to a “c+” rating in a report on Wednesday, April 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Unifi presently has an average rating of “Hold” and an average price target of $42.00.
Unifi Company Profile
Unifi, Inc, together with its subsidiaries, manufactures and sells polyester and nylon yarns. The company operates through three segments: Polyester, Nylon, and International. The Polyester segment manufactures and sells polyester plastic bottle flakes, polymer beads, partially oriented yarns, textured, solution and package dyed, twisted, beamed, and draw wound yarns to other yarn manufacturers, and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets in the United States and El Salvador.
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