Robert J. Bishop Purchases 22,459 Shares of Unifi, Inc. (UFI) Stock
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.
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.
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
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