Unifi, Inc. (NYSE:UFI) Director Kenneth G. Langone acquired 24,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were bought at an average price of $23.37 per share, for a total transaction of $560,880.00.
NYSE UFI opened at $24.24 on Friday. The stock’s 50-day moving average price is $24.45 and its two-hundred day moving average price is $22.96. The company has a current ratio of 3.95, a quick ratio of 2.01 and a debt-to-equity ratio of 0.30. The company has a market cap of $448.56 million, a PE ratio of 127.58 and a beta of 0.77. Unifi, Inc. has a 1 year low of $15.90 and a 1 year high of $27.85.
Unifi (NYSE:UFI) last posted its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.14). The company had revenue of $169.51 million for the quarter, compared to analyst estimates of $176.60 million. Unifi had a return on equity of 1.24% and a net margin of 0.51%. Research analysts forecast that Unifi, Inc. will post 0.71 EPS for the current fiscal year.
Several analysts have issued reports on the company. Zacks Investment Research downgraded Unifi from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. ValuEngine downgraded Unifi from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, CJS Securities downgraded Unifi to a “hold” rating in a report on Wednesday, January 29th.
Institutional investors and hedge funds have recently modified their holdings of the company. Mcmillion Capital Management Inc. acquired a new position in shares of Unifi in the 4th quarter valued at about $25,000. Tower Research Capital LLC TRC acquired a new position in shares of Unifi in the 3rd quarter valued at about $37,000. Group One Trading L.P. acquired a new position in shares of Unifi in the 4th quarter valued at about $51,000. Quadrant Capital Group LLC increased its holdings in shares of Unifi by 764.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,136 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 1,889 shares during the period. Finally, State of Tennessee Treasury Department increased its holdings in shares of Unifi by 8.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 6,445 shares of the textile maker’s stock valued at $141,000 after purchasing an additional 507 shares during the period. Institutional investors own 78.92% of the company’s stock.
Unifi Company Profile
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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