Unifi Director Buys $116,300 in Stock (UFI)
Unifi (NYSE:UFI) Director Kenneth G. Langone acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were purchased at an average cost of $23.26 per share, with a total value of $116,300.00. Following the completion of the acquisition, the director now directly owns 953,229 shares in the company, valued at approximately $22,172,107. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Unifi (NYSE:UFI) traded down 1.28% on Friday, hitting $23.19. 100,640 shares of the company’s stock traded hands. Unifi has a 1-year low of $12.82 and a 1-year high of $27.97. The stock has a 50-day moving average of $26.04 and a 200-day moving average of $24.34. The company has a market cap of $441.4 million and a P/E ratio of 17.74.
Unifi (NYSE:UFI) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.15. The company had revenue of $160.62 million for the quarter, compared to the consensus estimate of $172.07 million. On average, analysts predict that Unifi will post $0.87 earnings per share for the current fiscal year.
Unifi, Inc, sells fibers made from polyester and nylon filament to other yarn manufacturers, knitters and weavers that produce fabric for the apparel, hosiery, sock, home furnishing, automotive upholstery, industrial and other markets.
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