Unifi, Inc. (UFI) Director Robert J. Bishop Acquires 12,002 Shares
Unifi, Inc. (NYSE:UFI) Director Robert J. Bishop purchased 12,002 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $30.69 per share, for a total transaction of $368,341.38. Following the completion of the transaction, the director now owns 6,200 shares of the company’s stock, valued at approximately $190,278. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Unifi, Inc. (UFI) traded down 1.16% during trading on Tuesday, reaching $30.72. 41,718 shares of the company were exchanged. The firm’s 50 day moving average price is $30.79 and its 200-day moving average price is $28.62. The stock has a market capitalization of $559.84 million, a price-to-earnings ratio of 17.26 and a beta of 0.79. Unifi, Inc. has a one year low of $25.11 and a one year high of $34.70.
Unifi (NYSE:UFI) last released its quarterly earnings data on Wednesday, July 26th. The textile maker reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The business had revenue of $171.30 million for the quarter, compared to the consensus estimate of $165.18 million. Unifi had a net margin of 5.08% and a return on equity of 9.91%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 earnings per share. On average, equities research analysts predict that Unifi, Inc. will post $1.86 earnings per share for the current year.
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A number of equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Unifi from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. ValuEngine lowered shares of Unifi from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, BidaskClub lowered shares of Unifi from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th.
Large investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC increased its stake in Unifi by 11.8% in the second quarter. Neuberger Berman Group LLC now owns 197,375 shares of the textile maker’s stock valued at $6,079,000 after buying an additional 20,846 shares during the period. Balter Liquid Alternatives LLC acquired a new stake in Unifi during the second quarter valued at approximately $396,000. Royce & Associates LP increased its stake in Unifi by 16.0% in the second quarter. Royce & Associates LP now owns 400,003 shares of the textile maker’s stock valued at $12,320,000 after buying an additional 55,300 shares during the period. BNP Paribas Arbitrage SA increased 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 period. Finally, Legal & General Group Plc increased its stake in Unifi by 8.9% in the second quarter. Legal & General Group Plc now owns 28,013 shares of the textile maker’s stock valued at $863,000 after buying an additional 2,288 shares during the period. 77.14% of the stock is currently owned by institutional investors and hedge funds.
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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