Shares of Unifi, Inc. (NYSE:UFI) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Zacks has also given Unifi an industry rank of 39 out of 256 based on the ratings given to its competitors.
A number of research analysts have weighed in on the stock. Sidoti lowered shares of Unifi from a “buy” rating to a “neutral” rating in a research report on Friday, March 22nd. ValuEngine raised shares of ZIX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. Finally, Zacks Investment Research lowered shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th.
Unifi stock traded up $0.22 on Friday, reaching $18.16. 50,000 shares of the stock were exchanged, compared to its average volume of 99,693. The firm has a market cap of $330.46 million, a PE ratio of 13.76 and a beta of 0.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.76 and a current ratio of 3.30. Unifi has a twelve month low of $16.85 and a twelve month high of $33.62. The company’s fifty day moving average is $18.32.
Unifi (NYSE:UFI) last released its earnings results on Wednesday, May 1st. The textile maker reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.21). The firm had revenue of $179.99 million for the quarter, compared to analyst estimates of $173.60 million. Unifi had a return on equity of 1.77% and a net margin of 1.72%. Equities analysts anticipate that Unifi will post 0.12 EPS for the current fiscal year.
In related news, insider Spring Master Fund L. Valueact acquired 52,500 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was acquired at an average price of $20.20 per share, with a total value of $1,060,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Holdings L.P. Valueact acquired 36,300 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were bought at an average cost of $20.39 per share, with a total value of $740,157.00. The disclosure for this purchase can be found here. Insiders have bought 268,800 shares of company stock valued at $5,465,107 in the last ninety days. 22.41% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Asset Planning Services Ltd. bought a new stake in Unifi in the second quarter valued at about $28,000. Bank of Montreal Can increased its stake in 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 acquiring an additional 1,912 shares during the period. BNP Paribas Arbitrage SA increased its stake in 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 acquiring an additional 2,565 shares during the period. Oregon Public Employees Retirement Fund bought a new stake in Unifi in the fourth quarter valued at about $126,000. Finally, Metropolitan Life Insurance Co. NY increased its stake in Unifi by 407.4% in the fourth 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 during the period. 81.12% of the stock is 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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