Unifi, Inc. (NYSE:UFI) Receives Consensus Rating of “Strong Buy” from Brokerages
Unifi, Inc. (NYSE:UFI) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating. Unifi’s rating score has improved by 66.7% from three months ago as a result of various analysts’ ratings changes.
Brokerages have set a 1 year consensus target price of $18.00 for the company and are anticipating that the company will post ($0.24) earnings per share for the current quarter, according to Zacks. Zacks has also given Unifi an industry rank of 84 out of 254 based on the ratings given to its competitors.
A number of equities analysts have recently commented on UFI shares. TheStreet lowered Unifi from a “c-” rating to a “d” rating in a research note on Friday, May 1st. Zacks Investment Research upgraded Unifi from a “sell” rating to a “hold” rating in a research note on Wednesday, April 1st. CJS Securities lowered Unifi to a “hold” rating in a research note on Wednesday, January 29th. Finally, Sidoti upgraded Unifi from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Wednesday, March 18th.
Several hedge funds have recently added to or reduced their stakes in UFI. Mcmillion Capital Management Inc. bought a new stake in shares of Unifi in the 4th quarter valued at approximately $25,000. Group One Trading L.P. bought a new stake in shares of Unifi in the 4th quarter valued at approximately $51,000. Cannell Peter B & Co. Inc. bought a new stake in shares of Unifi in the 1st quarter valued at approximately $116,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Unifi in the 1st quarter valued at approximately $129,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Unifi in the 1st quarter valued at approximately $130,000. Institutional investors own 80.44% of the company’s stock.
Shares of NYSE:UFI traded up $0.34 on Friday, reaching $15.00. The company had a trading volume of 12,532 shares, compared to its average volume of 219,252. Unifi has a twelve month low of $7.48 and a twelve month high of $27.85. The stock has a 50-day moving average price of $11.09 and a 200 day moving average price of $19.20. The stock has a market capitalization of $259.91 million, a P/E ratio of -7.63 and a beta of 0.98. The company has a quick ratio of 1.78, a current ratio of 3.38 and a debt-to-equity ratio of 0.37.
Unifi (NYSE:UFI) last announced its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.17. Unifi had a positive return on equity of 2.77% and a negative net margin of 5.14%. The company had revenue of $170.99 million during the quarter, compared to analysts’ expectations of $160.20 million. On average, sell-side analysts predict that Unifi will post 0.29 earnings per share for the current fiscal year.
Unifi Company Profile
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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