Unifi Inc. (UFI) Raised to Hold at Zacks Investment Research
According to Zacks, “Unifi, Inc. is one of the world’s largest producers of textured polyester and nylon, both natural and package dyed, covered elastomeric yarns and twisted yarns. They are engaged in the business of processing yarns by: texturizing of synthetic filament polyester and nylon fiber; and spinning of cotton and cotton blend fibers. “
Shares of Unifi (NYSE:UFI) opened at 29.78 on Thursday. The stock has a 50 day moving average of $27.39 and a 200 day moving average of $26.07. The stock has a market cap of $535.30 million, a P/E ratio of 15.93 and a beta of 0.55. Unifi has a 52 week low of $20.71 and a 52 week high of $32.99.
Unifi (NYSE:UFI) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.65 by $0.03. Unifi had a return on equity of 11.70% and a net margin of 5.35%. The company had revenue of $163.90 million for the quarter, compared to analysts’ expectations of $171.72 million. On average, analysts expect that Unifi will post $1.76 earnings per share for the current year.
In related news, Director James M. Kilts purchased 5,000 shares of Unifi stock in a transaction dated Monday, August 1st. The shares were acquired at an average price of $26.73 per share, for a total transaction of $133,650.00. Following the acquisition, the director now directly owns 2,447 shares in the company, valued at $65,408.31. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director William L. Jasper sold 22,500 shares of Unifi stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $26.01, for a total value of $585,225.00. Following the transaction, the director now owns 97,932 shares in the company, valued at approximately $2,547,211.32. The disclosure for this sale can be found here. Insiders own 16.40% of the company’s stock.
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 Polyester segment manufactures Chip, partially oriented yarn (POY), textured, dyed, twisted, beamed and draw wound yarns, both virgin and recycled, with sales primarily to other yarn manufacturers and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, automotive upholstery, home furnishings, industrial and other end-use markets.
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