Unifi, Inc. (NYSE:UFI) insider Mark A. Mcneill sold 8,333 shares of the stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $29.92, for a total transaction of $249,323.36. Following the completion of the sale, the insider now directly owns 13,168 shares of the company’s stock, valued at $393,986.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of UFI stock opened at $30.42 on Friday. Unifi, Inc. has a 52-week low of $26.91 and a 52-week high of $39.21. The firm has a market capitalization of $555.52, a PE ratio of 16.27 and a beta of 0.67. The company has a quick ratio of 1.91, a current ratio of 3.49 and a debt-to-equity ratio of 0.32.
Unifi (NYSE:UFI) last announced its quarterly earnings data on Wednesday, April 25th. The textile maker reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.39). Unifi had a net margin of 4.58% and a return on equity of 7.10%. The business had revenue of $165.87 million during the quarter, compared to analyst estimates of $166.12 million. equities research analysts forecast that Unifi, Inc. will post 1.21 earnings per share for the current year.
A number of brokerages have weighed in on UFI. ValuEngine raised shares of Unifi from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. Zacks Investment Research cut shares of Unifi from a “hold” rating to a “sell” rating in a research note on Saturday, April 21st. Finally, TheStreet cut shares of Unifi from a “b” rating to a “c+” rating in a research note on Wednesday, April 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Unifi has a consensus rating of “Hold” and an average price target of $42.00.
Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of Unifi by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 276,935 shares of the textile maker’s stock valued at $9,934,000 after buying an additional 6,662 shares in the last quarter. Legal & General Group Plc increased its position in shares of Unifi by 8.7% during the 3rd quarter. Legal & General Group Plc now owns 30,454 shares of the textile maker’s stock worth $1,085,000 after purchasing an additional 2,441 shares in the last quarter. Royce & Associates LP increased its position in shares of Unifi by 3.2% during the 4th quarter. Royce & Associates LP now owns 449,503 shares of the textile maker’s stock worth $16,124,000 after purchasing an additional 14,000 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Unifi by 6.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 152,996 shares of the textile maker’s stock worth $5,488,000 after purchasing an additional 8,612 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its position in shares of Unifi by 38.1% during the 4th quarter. Kennedy Capital Management Inc. now owns 180,992 shares of the textile maker’s stock worth $6,492,000 after purchasing an additional 49,959 shares in the last quarter. Institutional investors own 79.11% of the company’s stock.
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.
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