Media headlines about Unifi (NYSE:UFI) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Unifi earned a news impact score of 0.10 on Accern’s scale. Accern also gave press coverage about the textile maker an impact score of 46.0637822010735 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several brokerages have commented on UFI. Zacks Investment Research lowered Unifi from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. ValuEngine lowered Unifi from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, CJS Securities started coverage on Unifi in a research note on Wednesday, September 20th. They issued an “outperform” rating and a $42.00 price target on the stock.
Shares of Unifi (NYSE:UFI) traded up $0.09 during trading hours on Friday, hitting $35.57. The stock had a trading volume of 41,907 shares, compared to its average volume of 68,130. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.39 and a quick ratio of 1.83. The firm has a market capitalization of $648.16, a price-to-earnings ratio of 19.14 and a beta of 0.88. Unifi has a 12-month low of $26.02 and a 12-month high of $39.21.
Unifi (NYSE:UFI) last issued its quarterly earnings results on Monday, October 23rd. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $164.24 million for the quarter, compared to analyst estimates of $163.42 million. Unifi had a return on equity of 9.53% and a net margin of 4.98%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. analysts forecast that Unifi will post 1.98 earnings per share for the current year.
In related news, Director Robert J. Bishop acquired 5,427 shares of the stock in a transaction on Thursday, November 9th. The shares were bought at an average price of $34.76 per share, with a total value of $188,642.52. Following the completion of the purchase, the director now owns 10,288 shares of the company’s stock, valued at approximately $357,610.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth G. Langone acquired 5,949 shares of the stock in a transaction on Monday, October 30th. The shares were bought at an average cost of $37.74 per share, for a total transaction of $224,515.26. Following the purchase, the director now directly owns 1,120,000 shares of the company’s stock, valued at approximately $42,268,800. The disclosure for this purchase can be found here. Insiders have acquired 15,059 shares of company stock worth $523,574 in the last three months. 15.40% of the stock is currently owned by corporate insiders.
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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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