ValuEngine upgraded shares of Unifi (NYSE:UFI) from a buy rating to a strong-buy rating in a research report report published on Monday.
Separately, Zacks Investment Research cut shares of Unifi from a hold rating to a sell rating in a research report on Wednesday, January 31st.
Shares of Unifi stock opened at $36.73 on Monday. The stock has a market cap of $650.66, a P/E ratio of 19.57 and a beta of 0.64. The company has a quick ratio of 2.18, a current ratio of 3.91 and a debt-to-equity ratio of 0.30. Unifi has a 12-month low of $26.38 and a 12-month high of $39.21.
Unifi (NYSE:UFI) last announced its earnings results on Thursday, January 25th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The business had revenue of $167.50 million during the quarter, compared to analysts’ expectations of $159.17 million. Unifi had a net margin of 5.97% and a return on equity of 9.72%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. equities research analysts forecast that Unifi will post 1.95 EPS for the current fiscal year.
In other news, Director Robert J. Bishop bought 29,329 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average price of $35.22 per share, for a total transaction of $1,032,967.38. Following the transaction, the director now directly owns 10,288 shares of the company’s stock, valued at approximately $362,343.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Bishop bought 24,462 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average price of $34.61 per share, with a total value of $846,629.82. Following the transaction, the director now directly owns 10,288 shares in the company, valued at $356,067.68. The disclosure for this purchase can be found here. Insiders have purchased a total of 108,007 shares of company stock valued at $3,789,877 in the last quarter. 15.40% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its position in Unifi by 3.1% in the 4th quarter. BlackRock Inc. now owns 2,094,173 shares of the textile maker’s stock valued at $75,117,000 after acquiring an additional 62,871 shares in the last quarter. Impala Asset Management LLC increased its position in Unifi by 0.9% in the 4th quarter. Impala Asset Management LLC now owns 1,265,149 shares of the textile maker’s stock valued at $45,381,000 after acquiring an additional 11,169 shares in the last quarter. Victory Capital Management Inc. increased its position in Unifi by 7.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,093,908 shares of the textile maker’s stock valued at $39,238,000 after acquiring an additional 71,626 shares in the last quarter. LSV Asset Management increased its position in Unifi by 9.2% in the 4th quarter. LSV Asset Management now owns 516,241 shares of the textile maker’s stock valued at $18,517,000 after acquiring an additional 43,300 shares in the last quarter. Finally, Royce & Associates LP increased its position in Unifi by 3.2% in the 4th quarter. Royce & Associates LP now owns 449,503 shares of the textile maker’s stock valued at $16,124,000 after acquiring an additional 14,000 shares in the last quarter. Hedge funds and other institutional investors own 79.17% of the company’s stock.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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