Unifi (NYSE:UFI) Upgraded by Wall Street Zen to Sell Rating

Unifi (NYSE:UFI) was upgraded by research analysts at Wall Street Zen to a “sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Unifi in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Unifi Price Performance

UFI opened at $3.12 on Friday. The firm has a market cap of $57.30 million, a price-to-earnings ratio of -2.33 and a beta of 0.73. Unifi has a fifty-two week low of $2.96 and a fifty-two week high of $6.49. The company’s 50-day moving average price is $4.05 and its 200 day moving average price is $4.49. The company has a quick ratio of 1.68, a current ratio of 3.59 and a debt-to-equity ratio of 0.45.

Unifi (NYSE:UFI) last posted its earnings results on Tuesday, November 4th. The textile maker reported ($0.56) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.04. The company had revenue of $135.67 million for the quarter, compared to analysts’ expectations of $140.23 million. Unifi had a negative return on equity of 21.13% and a negative net margin of 4.30%. As a group, sell-side analysts expect that Unifi will post -2.25 earnings per share for the current year.

Insider Buying and Selling at Unifi

In other news, Director Kenneth G. Langone acquired 40,451 shares of the stock in a transaction on Wednesday, December 3rd. The shares were purchased at an average cost of $3.50 per share, for a total transaction of $141,578.50. Following the transaction, the director owned 2,466,245 shares in the company, valued at approximately $8,631,857.50. This trade represents a 1.67% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 18.63% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Unifi

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Minerva Advisors LLC lifted its holdings in shares of Unifi by 6.2% during the 3rd quarter. Minerva Advisors LLC now owns 1,152,481 shares of the textile maker’s stock valued at $5,486,000 after buying an additional 67,272 shares during the last quarter. 22NW LP grew its holdings in Unifi by 34.2% during the second quarter. 22NW LP now owns 981,535 shares of the textile maker’s stock valued at $5,124,000 after purchasing an additional 250,000 shares during the last quarter. Azarias Capital Management L.P. raised its position in shares of Unifi by 20.9% in the third quarter. Azarias Capital Management L.P. now owns 812,558 shares of the textile maker’s stock valued at $3,868,000 after purchasing an additional 140,572 shares during the period. Vanguard Group Inc. lifted its stake in shares of Unifi by 3.0% in the third quarter. Vanguard Group Inc. now owns 730,812 shares of the textile maker’s stock worth $3,479,000 after buying an additional 21,195 shares during the last quarter. Finally, Peapod Lane Capital LLC lifted its stake in shares of Unifi by 10.2% in the second quarter. Peapod Lane Capital LLC now owns 564,360 shares of the textile maker’s stock worth $2,946,000 after buying an additional 52,008 shares during the last quarter. Hedge funds and other institutional investors own 67.67% of the company’s stock.

About Unifi

Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in North America, Central America, South America, Asia, and Europe. Its polyester products include partially oriented yarn, textured, solution and package dyed, twisted, beamed, and draw wound yarns in virgin or recycled varieties; and nylon products comprise virgin or recycled textured, solution dyed, and spandex covered yarns.