Shares of Unifi, Inc. (NYSE:UFI) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus price objective of $18.00 for the company and are forecasting that the company will post ($0.24) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Unifi an industry rank of 96 out of 254 based on the ratings given to related companies.

Several research analysts have weighed in on the company. TheStreet cut Unifi from a “c-” rating to a “d” rating in a research report on Friday, May 1st. Sidoti upgraded Unifi from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a report on Wednesday, March 18th. Finally, Zacks Investment Research upgraded Unifi from a “sell” rating to a “hold” rating in a report on Wednesday, April 1st.

In related news, Director James M. Kilts acquired 2,800 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average cost of $13.12 per share, for a total transaction of $36,736.00. Also, Director James D. Mead acquired 4,165 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were bought at an average price of $10.94 per share, for a total transaction of $45,565.10. Following the completion of the purchase, the director now owns 28,846 shares in the company, valued at approximately $315,575.24. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 21,865 shares of company stock worth $255,136. Corporate insiders own 25.93% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Group One Trading L.P. bought a new position in Unifi during the 4th quarter valued at approximately $51,000. Cannell Peter B & Co. Inc. bought a new position in Unifi during the 1st quarter valued at approximately $116,000. Dynamic Technology Lab Private Ltd bought a new position in Unifi during the 1st quarter valued at approximately $129,000. GSA Capital Partners LLP bought a new position in Unifi during the 1st quarter valued at approximately $130,000. Finally, Trexquant Investment LP bought a new position in Unifi during the 1st quarter valued at approximately $137,000. Institutional investors and hedge funds own 80.44% of the company’s stock.

UFI stock traded down $0.08 during trading on Monday, reaching $11.67. 227,834 shares of the company were exchanged, compared to its average volume of 158,811. The company has a market cap of $216.75 million, a P/E ratio of -5.95 and a beta of 1.09. Unifi has a 52-week low of $7.48 and a 52-week high of $27.85. The stock’s 50 day moving average price is $13.24 and its 200 day moving average price is $17.59. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 3.38.

Unifi (NYSE:UFI) last released its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.17. The firm had revenue of $170.99 million for the quarter, compared to the consensus estimate of $160.20 million. Unifi had a negative net margin of 5.14% and a positive return on equity of 2.77%. As a group, equities research analysts forecast that Unifi will post 0.29 EPS for the current 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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