Unifi, Inc. (NYSE:UFI) Director Robert J. Bishop acquired 3,683 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average cost of $29.98 per share, with a total value of $110,416.34. Following the acquisition, the director now owns 6,200 shares of the company’s stock, valued at approximately $185,876. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Unifi, Inc. (NYSE:UFI) traded up 2.91% during mid-day trading on Friday, hitting $31.45. 62,046 shares of the stock traded hands. The stock has a market capitalization of $573.14 million, a PE ratio of 17.67 and a beta of 0.79. Unifi, Inc. has a one year low of $25.11 and a one year high of $34.70. The company has a 50 day moving average price of $30.75 and a 200-day moving average price of $28.76.
Unifi (NYSE:UFI) last posted its quarterly earnings results on Wednesday, July 26th. The textile maker reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $171.30 million for the quarter, compared to the consensus estimate of $165.18 million. Unifi had a net margin of 5.08% and a return on equity of 9.91%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. Equities analysts anticipate that Unifi, Inc. will post $1.86 earnings per share for the current fiscal year.
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Several analysts have recently weighed in on UFI shares. BidaskClub lowered shares of Unifi from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Zacks Investment Research lowered shares of Unifi from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, ValuEngine lowered shares of Unifi from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th.
Several hedge funds and other institutional investors have recently bought and sold shares of UFI. Aperio Group LLC increased its position in Unifi by 8.1% in the second quarter. Aperio Group LLC now owns 14,487 shares of the textile maker’s stock valued at $446,000 after buying an additional 1,086 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Unifi by 18.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 19,500 shares of the textile maker’s stock valued at $601,000 after buying an additional 2,970 shares during the period. Harbour Capital Advisors LLC increased its position in Unifi by 2,980.0% in the second quarter. Harbour Capital Advisors LLC now owns 9,240 shares of the textile maker’s stock valued at $300,000 after buying an additional 8,940 shares during the period. Great West Life Assurance Co. Can increased its position in Unifi by 7.9% in the second quarter. Great West Life Assurance Co. Can now owns 24,450 shares of the textile maker’s stock valued at $752,000 after buying an additional 1,800 shares during the period. Finally, Texas Permanent School Fund increased its position in Unifi by 1.0% in the second quarter. Texas Permanent School Fund now owns 11,175 shares of the textile maker’s stock valued at $344,000 after buying an additional 106 shares during the period. 77.14% of the stock is currently owned by hedge funds and other institutional investors.
About Unifi
Unifi, Inc is a manufacturing company. The Company processes and sells commodity yarns, specialized yarns and premier value-added (PVA) yarns. The Company operates through three segments: Polyester segment, Nylon segment and International segment. The Company’s polyester products include polyester polymer beads (Chip), partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns.
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