Unifi, Inc. (NYSE:UFI) Director Robert J. Bishop acquired 22,459 shares of Unifi stock in a transaction that occurred on Tuesday, August 28th. The stock was acquired at an average cost of $32.35 per share, with a total value of $726,548.65. Following the purchase, the director now owns 10,288 shares in the company, valued at approximately $332,816.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of UFI opened at $32.08 on Friday. The firm has a market capitalization of $598.60 million, a P/E ratio of 24.30 and a beta of 0.64. Unifi, Inc. has a one year low of $28.97 and a one year high of $39.21. The company has a current ratio of 3.23, a quick ratio of 1.74 and a debt-to-equity ratio of 0.31.

Unifi (NYSE:UFI) last announced its earnings results on Thursday, August 2nd. The textile maker reported $0.39 EPS for the quarter, topping the consensus estimate of $0.24 by $0.15. The firm had revenue of $181.33 million for the quarter, compared to the consensus estimate of $176.42 million. Unifi had a net margin of 4.67% and a return on equity of 6.37%. research analysts expect that Unifi, Inc. will post 1.21 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in UFI. ValueAct Holdings L.P. bought a new position in Unifi in the 2nd quarter worth $29,323,000. Victory Capital Management Inc. raised its holdings in Unifi by 24.3% in the 2nd quarter. Victory Capital Management Inc. now owns 1,434,450 shares of the textile maker’s stock worth $45,472,000 after acquiring an additional 280,814 shares during the period. BlackRock Inc. raised its holdings in Unifi by 7.1% in the 2nd quarter. BlackRock Inc. now owns 2,272,234 shares of the textile maker’s stock worth $72,030,000 after acquiring an additional 151,101 shares during the period. Diker Management LLC bought a new position in Unifi in the 1st quarter worth $1,845,000. Finally, Citadel Advisors LLC bought a new position in Unifi in the 2nd quarter worth $1,463,000. Hedge funds and other institutional investors own 82.78% of the company’s stock.

Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Unifi from a “strong sell” rating to a “hold” rating in a report on Saturday, June 30th. ValuEngine downgraded shares of Unifi from a “buy” rating to a “hold” rating in a report on Friday, June 8th.

About Unifi

Unifi, Inc, together with its subsidiaries, manufactures and sells polyester and nylon yarns. The company operates through three segments: Polyester, Nylon, and International. The Polyester segment manufactures and sells polyester plastic bottle flakes, polymer beads, partially oriented yarns, textured, solution and package dyed, twisted, beamed, and draw wound yarns to other yarn manufacturers, and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets in the United States and El Salvador.

Further Reading: Outstanding Shares

Insider Buying and Selling by Quarter for Unifi (NYSE:UFI)

Receive News & Ratings for Unifi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unifi and related companies with MarketBeat.com's FREE daily email newsletter.