Shares of Unifi, Inc. (NYSE:UFI) have received an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Zacks has also assigned Unifi an industry rank of 6 out of 255 based on the ratings given to related companies.
A number of analysts have commented on the company. Sidoti cut Unifi from a “buy” rating to a “neutral” rating in a research report on Friday, March 22nd. Zacks Investment Research raised Unifi from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Finally, ValuEngine cut Unifi from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th.
UFI stock traded up $0.31 on Wednesday, hitting $19.78. 71,324 shares of the company’s stock were exchanged, compared to its average volume of 108,325. Unifi has a 12-month low of $17.83 and a 12-month high of $36.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.73 and a quick ratio of 1.86. The company has a market cap of $357.60 million, a price-to-earnings ratio of 14.98 and a beta of 0.78.
Unifi (NYSE:UFI) last issued its quarterly earnings results on Monday, February 4th. The textile maker reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.04. Unifi had a return on equity of 2.21% and a net margin of 2.00%. The company had revenue of $167.71 million during the quarter, compared to analysts’ expectations of $166.80 million. As a group, equities research analysts anticipate that Unifi will post 0.57 earnings per share for the current year.
In other news, Director Robert J. Bishop purchased 24,354 shares of the stock in a transaction on Thursday, February 14th. The stock was bought at an average price of $22.92 per share, with a total value of $558,193.68. Following the transaction, the director now owns 16,734 shares in the company, valued at approximately $383,543.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth G. Langone purchased 20,000 shares of the stock in a transaction on Wednesday, February 6th. The shares were purchased at an average cost of $20.93 per share, with a total value of $418,600.00. Following the transaction, the director now owns 1,150,000 shares in the company, valued at approximately $24,069,500. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 64,195 shares of company stock valued at $1,406,480. 22.41% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Mercer Capital Advisers Inc. lifted its position in Unifi by 41.7% during the 4th quarter. Mercer Capital Advisers Inc. now owns 1,700 shares of the textile maker’s stock worth $39,000 after acquiring an additional 500 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Unifi by 0.8% in the 4th quarter. Principal Financial Group Inc. now owns 117,903 shares of the textile maker’s stock valued at $2,693,000 after buying an additional 941 shares during the period. Mycio Wealth Partners LLC lifted its holdings in shares of Unifi by 8.0% in the 4th quarter. Mycio Wealth Partners LLC now owns 13,500 shares of the textile maker’s stock valued at $308,000 after buying an additional 1,000 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Unifi by 2.4% in the 4th quarter. California Public Employees Retirement System now owns 54,930 shares of the textile maker’s stock valued at $1,255,000 after buying an additional 1,285 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of Unifi by 6.4% in the 4th quarter. Arizona State Retirement System now owns 22,365 shares of the textile maker’s stock valued at $511,000 after buying an additional 1,352 shares during the period. 82.49% of the stock is owned by institutional investors.
Unifi, Inc, together with its subsidiaries, manufactures and sells synthetic and recycled products made from polyester and nylon in the United States, Brazil, China, and internationally. The company operates in 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.
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