Shares of Unifi, Inc. (NYSE:UFI) have received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Zacks has also given Unifi an industry rank of 39 out of 256 based on the ratings given to its competitors.
A number of brokerages have commented on UFI. ValuEngine upgraded shares of ZIX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. Zacks Investment Research cut shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th. Finally, Sidoti cut shares of Unifi from a “buy” rating to a “neutral” rating in a research report on Friday, March 22nd.
NYSE UFI traded up $0.22 on Friday, reaching $18.16. 50,000 shares of the company’s stock traded hands, compared to its average volume of 99,693. Unifi has a 12 month low of $16.85 and a 12 month high of $33.62. The company has a current ratio of 3.30, a quick ratio of 1.76 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $18.32. The firm has a market cap of $330.46 million, a PE ratio of 13.76 and a beta of 0.69.
Unifi (NYSE:UFI) last issued its quarterly earnings results on Wednesday, May 1st. The textile maker reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). Unifi had a net margin of 1.72% and a return on equity of 1.77%. The business had revenue of $179.99 million for the quarter, compared to the consensus estimate of $173.60 million. On average, equities analysts predict that Unifi will post 0.12 EPS for the current fiscal year.
In other news, Director Holdings L.P. Valueact bought 15,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were purchased at an average price of $20.18 per share, for a total transaction of $302,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Spring Master Fund L. Valueact bought 52,500 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was purchased at an average price of $20.20 per share, for a total transaction of $1,060,500.00. The disclosure for this purchase can be found here. Insiders bought 268,800 shares of company stock worth $5,465,107 in the last 90 days. Company insiders own 22.41% of the company’s stock.
Several institutional investors have recently modified their holdings of UFI. Rhumbline Advisers boosted its holdings in Unifi by 22.3% in the fourth quarter. Rhumbline Advisers now owns 44,312 shares of the textile maker’s stock worth $1,012,000 after purchasing an additional 8,091 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in Unifi in the fourth quarter worth $126,000. California Public Employees Retirement System boosted its holdings in Unifi by 2.4% in the fourth quarter. California Public Employees Retirement System now owns 54,930 shares of the textile maker’s stock worth $1,255,000 after purchasing an additional 1,285 shares in the last quarter. BlackRock Inc. boosted its holdings in Unifi by 2.4% in the fourth quarter. BlackRock Inc. now owns 2,248,171 shares of the textile maker’s stock worth $51,348,000 after purchasing an additional 52,017 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in Unifi by 12.6% in the fourth quarter. Great West Life Assurance Co. Can now owns 18,277 shares of the textile maker’s stock worth $385,000 after purchasing an additional 2,038 shares in the last quarter. Hedge funds and other institutional investors own 81.12% of the company’s stock.
Unifi, Inc, together with its subsidiaries, manufactures and sells synthetic and recycled products made from polyester and nylon in the United States, Brazil, China, and internationally. The company operates in 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.
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