Unifi, Inc. (NYSE:UFI) Director Acquires $31,500.00 in Stock
Unifi, Inc. (NYSE:UFI) Director Paul R. Charron purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average price of $31.50 per share, with a total value of $31,500.00. Following the completion of the acquisition, the director now owns 19,915 shares in the company, valued at approximately $627,322.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Unifi, Inc. (NYSE:UFI) traded down 0.23% during mid-day trading on Friday, reaching $30.75. The company had a trading volume of 109,558 shares. The company’s 50-day moving average is $30.69 and its 200 day moving average is $28.62. The stock has a market capitalization of $560.39 million, a P/E ratio of 17.28 and a beta of 0.79. Unifi, Inc. has a 52-week low of $25.11 and a 52-week high of $34.70.
Unifi (NYSE:UFI) last released its quarterly earnings data on Wednesday, July 26th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. Unifi had a net margin of 5.08% and a return on equity of 9.91%. The business had revenue of $171.30 million during the quarter, compared to analyst estimates of $165.18 million. During the same quarter in the previous year, the business earned $0.57 EPS. Unifi’s quarterly revenue was up 4.5% compared to the same quarter last year. Analysts anticipate that Unifi, Inc. will post $1.86 EPS for the current fiscal year.
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Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its stake in 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. Citadel Advisors LLC acquired a new stake in Unifi during the second quarter valued at about $272,000. Alliancebernstein L.P. acquired a new stake in Unifi during the second quarter valued at about $277,000. Thrivent Financial For Lutherans raised its stake in Unifi by 6.0% in the second quarter. Thrivent Financial For Lutherans now owns 9,210 shares of the textile maker’s stock valued at $284,000 after buying an additional 520 shares during the last quarter. Finally, Harbour Capital Advisors LLC raised its stake 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 last quarter. 76.75% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on the company. Zacks Investment Research downgraded Unifi from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 2nd. BidaskClub downgraded Unifi from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, ValuEngine downgraded Unifi from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th.
Unifi Company Profile
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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