Unifi, Inc. (UFI) Director Robert J. Bishop Purchases 5,742 Shares of Stock
Unifi, Inc. (NYSE:UFI) Director Robert J. Bishop purchased 5,742 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were purchased at an average cost of $36.53 per share, with a total value of $209,755.26. Following the completion of the transaction, the director now owns 10,288 shares of the company’s stock, valued at approximately $375,820.64. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Unifi, Inc. (UFI) opened at $36.21 on Tuesday. Unifi, Inc. has a fifty-two week low of $26.02 and a fifty-two week high of $39.21. The company has a current ratio of 3.39, a quick ratio of 1.83 and a debt-to-equity ratio of 0.29. The stock has a market cap of $660.03, a PE ratio of 19.64 and a beta of 0.84.
Unifi (NYSE:UFI) last posted its quarterly earnings data on Monday, October 23rd. The textile maker reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Unifi had a net margin of 4.98% and a return on equity of 9.53%. The firm had revenue of $164.24 million for the quarter, compared to the consensus estimate of $163.42 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. sell-side analysts forecast that Unifi, Inc. will post 1.98 EPS for the current year.
Several research firms have commented on UFI. Zacks Investment Research lowered shares of Unifi from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. ValuEngine downgraded shares of Unifi from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, CJS Securities initiated coverage on shares of Unifi in a report on Wednesday, September 20th. They set an “outperform” rating and a $42.00 price objective on the stock.
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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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