Unifi, Inc. (NYSE:UFI) Director Robert J. Bishop bought 13,179 shares of the business’s stock in a transaction on Friday, February 9th. The stock was bought at an average price of $35.13 per share, with a total value of $462,978.27. Following the transaction, the director now owns 10,288 shares in the company, valued at $361,417.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Unifi, Inc. (NYSE:UFI) opened at $34.31 on Wednesday. Unifi, Inc. has a 12 month low of $26.36 and a 12 month high of $39.21. The company has a market cap of $646.27, a price-to-earnings ratio of 16.11 and a beta of 0.79. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.18 and a current ratio of 3.91.
Unifi (NYSE:UFI) last announced its quarterly earnings results on Thursday, January 25th. The textile maker reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.04. Unifi had a net margin of 5.97% and a return on equity of 9.72%. The company had revenue of $167.50 million for the quarter, compared to analyst estimates of $159.17 million. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. research analysts forecast that Unifi, Inc. will post 1.95 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in UFI. Schwab Charles Investment Management Inc. increased its stake in shares of Unifi by 22.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 125,121 shares of the textile maker’s stock worth $3,854,000 after purchasing an additional 22,670 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Unifi by 29.0% during the 2nd quarter. Wells Fargo & Company MN now owns 18,123 shares of the textile maker’s stock worth $558,000 after purchasing an additional 4,075 shares during the last quarter. Alliancebernstein L.P. acquired a new position in shares of Unifi during the 2nd quarter worth $277,000. TIAA CREF Investment Management LLC increased its stake in shares of Unifi by 1.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 60,153 shares of the textile maker’s stock worth $1,853,000 after purchasing an additional 734 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Unifi by 1.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 83,045 shares of the textile maker’s stock worth $2,558,000 after purchasing an additional 860 shares during the last quarter. Institutional investors own 78.51% of the company’s stock.
UFI has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Unifi from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded shares of Unifi from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st.
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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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