Unifi, Inc. (NYSE:UFI) Director Kenneth G. Langone purchased 20,711 shares of the business’s stock in a transaction on Monday, August 12th. The stock was purchased at an average cost of $18.27 per share, for a total transaction of $378,389.97. Following the acquisition, the director now owns 1,182,500 shares in the company, valued at $21,604,275. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Unifi stock opened at $20.17 on Friday. The firm has a market cap of $355.02 million, a PE ratio of 155.15 and a beta of 0.71. Unifi, Inc. has a 12-month low of $15.90 and a 12-month high of $33.28. The company has a quick ratio of 1.76, a current ratio of 3.55 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $18.44 and its two-hundred day simple moving average is $19.81.
Unifi (NYSE:UFI) last announced its quarterly earnings results on Wednesday, August 7th. The textile maker reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. As a group, sell-side analysts expect that Unifi, Inc. will post 0.86 earnings per share for the current fiscal year.
A number of brokerages have issued reports on UFI. ValuEngine raised shares of Unifi from a “sell” rating to a “hold” rating in a report on Saturday, May 4th. Zacks Investment Research raised shares of Unifi from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Thursday.
A number of institutional investors have recently made changes to their positions in UFI. Geode Capital Management LLC raised its stake in shares of Unifi by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 170,706 shares of the textile maker’s stock valued at $3,898,000 after purchasing an additional 9,094 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Unifi by 0.8% in the 4th quarter. Principal Financial Group Inc. now owns 117,903 shares of the textile maker’s stock valued at $2,693,000 after acquiring an additional 941 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in shares of Unifi by 407.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,632 shares of the textile maker’s stock valued at $129,000 after acquiring an additional 4,522 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of Unifi in the 4th quarter valued at about $174,000. Finally, Mycio Wealth Partners LLC grew its holdings in shares of Unifi by 37.0% in the 1st quarter. Mycio Wealth Partners LLC now owns 18,500 shares of the textile maker’s stock valued at $358,000 after acquiring an additional 5,000 shares in the last quarter. 81.37% of the stock is currently owned by institutional investors and hedge funds.
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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