Unifi, Inc. (NYSE:UFI) Director Robert J. Bishop purchased 5,427 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average price of $34.76 per share, for a total transaction of $188,642.52. Following the completion of the transaction, the director now directly owns 10,288 shares of the company’s stock, valued at $357,610.88. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Unifi, Inc. (UFI) opened at $34.81 on Tuesday. The stock has a market capitalization of $637.93, a price-to-earnings ratio of 18.98 and a beta of 0.88. Unifi, Inc. has a one year low of $26.02 and a one year high of $39.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.83 and a current ratio of 3.39.
Unifi (NYSE:UFI) last announced its quarterly earnings data on Monday, October 23rd. The textile maker reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The business had revenue of $164.24 million during the quarter, compared to analysts’ expectations of $163.42 million. Unifi had a return on equity of 9.53% and a net margin of 4.98%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. equities research analysts forecast that Unifi, Inc. will post 1.98 EPS for the current fiscal year.
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Several hedge funds have recently bought and sold shares of the company. Impala Asset Management LLC raised its stake in shares of Unifi by 1.5% in the third quarter. Impala Asset Management LLC now owns 1,253,980 shares of the textile maker’s stock worth $44,679,000 after purchasing an additional 18,683 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Unifi by 9.3% in the third quarter. Victory Capital Management Inc. now owns 1,022,282 shares of the textile maker’s stock worth $36,424,000 after acquiring an additional 86,563 shares during the period. Vanguard Group Inc. grew its holdings in shares of Unifi by 3.4% in the second quarter. Vanguard Group Inc. now owns 841,492 shares of the textile maker’s stock worth $25,918,000 after acquiring an additional 27,563 shares during the period. Royal Bank of Canada grew its holdings in shares of Unifi by 16.5% in the second quarter. Royal Bank of Canada now owns 634,731 shares of the textile maker’s stock worth $19,549,000 after acquiring an additional 89,921 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Unifi by 6.7% in the second quarter. Northern Trust Corp now owns 501,884 shares of the textile maker’s stock worth $15,459,000 after acquiring an additional 31,589 shares during the period. Hedge funds and other institutional investors own 76.45% of the company’s stock.
Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered Unifi from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. CJS Securities assumed coverage on Unifi in a research report on Wednesday, September 20th. They set an “outperform” rating and a $42.00 price target on the stock. Finally, ValuEngine lowered Unifi from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th.
Unifi Company Profile
Unifi, Inc is a manufacturing company. The Company processes and sells commodity yarns, specialized yarns and premier value-added (PVA) yarns. The Company operates through three segments: Polyester segment, Nylon segment and International segment. The Company’s polyester products include polyester polymer beads (Chip), partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns.
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