Unifi, Inc. (NYSE:UFI) Director Paul R. Charron bought 400 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was purchased at an average cost of $31.42 per share, for a total transaction of $12,568.00. Following the completion of the acquisition, the director now owns 17,815 shares in the company, valued at approximately $559,747.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Unifi, Inc. (NYSE UFI) traded up 0.40% during trading on Friday, hitting $30.17. 59,748 shares of the stock traded hands. The stock has a market cap of $549.82 million, a PE ratio of 16.95 and a beta of 0.79. The company has a 50-day moving average price of $30.81 and a 200-day moving average price of $28.66. Unifi, Inc. has a 12 month low of $25.11 and a 12 month high of $34.70.
Unifi (NYSE:UFI) last announced its quarterly earnings data on Wednesday, July 26th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. The company had revenue of $171.30 million during the quarter, compared to analysts’ expectations of $165.18 million. Unifi had a net margin of 5.08% and a return on equity of 9.91%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. Equities research analysts expect that Unifi, Inc. will post $1.86 EPS for the current year.
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A number of brokerages have issued reports on UFI. Zacks Investment Research lowered shares of Unifi from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. BidaskClub lowered shares of Unifi from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, ValuEngine lowered shares of Unifi from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th.
A number of large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its stake in shares of Unifi by 58.5% in the second quarter. BNP Paribas Arbitrage SA now owns 4,628 shares of the textile maker’s stock valued at $143,000 after buying an additional 1,709 shares during the last quarter. Susquehanna International Group LLP bought a new position in shares of Unifi during the second quarter valued at approximately $212,000. Voya Investment Management LLC bought a new position in shares of Unifi during the second quarter valued at approximately $258,000. Citadel Advisors LLC acquired a new position in shares of Unifi during the second quarter valued at about $272,000. Finally, Alliancebernstein L.P. acquired a new position in shares of Unifi during the second quarter valued at about $277,000. 77.14% of the stock is owned by institutional investors and hedge funds.
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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