Unifi, Inc. (NYSE:UFI) Director Kenneth G. Langone bought 2,778 shares of the stock in a transaction on Monday, August 19th. The shares were bought at an average price of $19.99 per share, for a total transaction of $55,532.22. Following the completion of the transaction, the director now directly owns 1,213,811 shares of the company’s stock, valued at approximately $24,264,081.89. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of UFI stock traded down $0.61 during trading hours on Tuesday, hitting $19.42. The company’s stock had a trading volume of 116,063 shares, compared to its average volume of 98,152. The business has a fifty day moving average of $18.58 and a 200-day moving average of $19.81. The stock has a market cap of $368.95 million, a price-to-earnings ratio of 149.38 and a beta of 0.71. Unifi, Inc. has a twelve month low of $15.90 and a twelve month high of $33.28. The company has a current ratio of 3.55, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32.
Unifi (NYSE:UFI) last released its quarterly earnings results on Wednesday, August 7th. The textile maker reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $179.49 million for the quarter, compared to analyst estimates of $186.90 million. Unifi had a net margin of 0.35% and a return on equity of 0.14%. On average, equities analysts expect that Unifi, Inc. will post 0.86 EPS for the current fiscal year.
UFI has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Unifi from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Thursday, August 15th. ValuEngine upgraded shares of Unifi from a “sell” rating to a “hold” rating in a research report on Saturday, May 4th.
Hedge funds have recently added to or reduced their stakes in the company. Asset Planning Services Ltd. acquired a new stake in shares of Unifi in the second quarter valued at approximately $28,000. Cutler Group LP grew its position in shares of Unifi by 39.0% in the second quarter. Cutler Group LP now owns 2,138 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 600 shares during the last quarter. Bank of Montreal Can grew its position in shares of Unifi by 164.5% in the first quarter. Bank of Montreal Can now owns 3,074 shares of the textile maker’s stock valued at $59,000 after purchasing an additional 1,912 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Unifi by 373.4% in the first quarter. BNP Paribas Arbitrage SA now owns 3,252 shares of the textile maker’s stock valued at $63,000 after purchasing an additional 2,565 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Unifi in the first quarter valued at approximately $129,000. Institutional investors and hedge funds own 83.42% 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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