Unifi, Inc. (NYSE:UFI) Director Robert J. Bishop acquired 578 shares of the stock in a transaction dated Friday, May 11th. The stock was bought at an average cost of $31.61 per share, with a total value of $18,270.58. Following the completion of the purchase, the director now owns 10,288 shares of the company’s stock, valued at $325,203.68. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Unifi opened at $31.91 on Tuesday, according to Marketbeat Ratings. Unifi, Inc. has a 12 month low of $27.21 and a 12 month high of $39.21. The stock has a market capitalization of $578.68 million, a PE ratio of 17.06 and a beta of 0.67. The company has a current ratio of 3.49, a quick ratio of 1.91 and a debt-to-equity ratio of 0.28.
Unifi (NYSE:UFI) last announced its quarterly earnings results on Wednesday, April 25th. The textile maker reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.39). The business had revenue of $165.87 million for the quarter, compared to analysts’ expectations of $166.12 million. Unifi had a net margin of 4.58% and a return on equity of 7.10%. analysts predict that Unifi, Inc. will post 1.21 earnings per share for the current year.
A number of analysts recently commented on UFI shares. ValuEngine downgraded Unifi from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 18th. TheStreet lowered Unifi from a “b” rating to a “c+” rating in a report on Wednesday, April 25th. Finally, Zacks Investment Research lowered Unifi from a “hold” rating to a “sell” rating in a report on Saturday, April 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $42.00.
Several institutional investors and hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its position in shares of Unifi by 1.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 154,765 shares of the textile maker’s stock worth $5,611,000 after purchasing an additional 1,769 shares in the last quarter. First Trust Advisors LP lifted its position in Unifi by 13.6% in the 4th quarter. First Trust Advisors LP now owns 15,208 shares of the textile maker’s stock valued at $546,000 after acquiring an additional 1,821 shares in the last quarter. SG Americas Securities LLC bought a new position in Unifi in the 1st quarter valued at approximately $100,000. Hoylecohen LLC purchased a new stake in shares of Unifi in the 4th quarter worth $209,000. Finally, Uniplan Investment Counsel Inc. increased its stake in shares of Unifi by 1.7% in the 1st quarter. Uniplan Investment Counsel Inc. now owns 181,280 shares of the textile maker’s stock worth $6,571,000 after purchasing an additional 2,962 shares in the last quarter. 79.22% of the stock is currently owned by hedge funds and other institutional investors.
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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