Shares of Unifi, Inc. (NYSE:UFI) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating. Unifi’s rating score has improved by 66.7% from three months ago as a result of various analysts’ ratings changes.

Analysts have set a one year consensus price target of $18.00 for the company and are predicting that the company will post ($0.24) EPS for the current quarter, according to Zacks. Zacks has also given Unifi an industry rank of 81 out of 254 based on the ratings given to related companies.

A number of brokerages have issued reports on UFI. Zacks Investment Research raised Unifi from a “sell” rating to a “hold” rating in a report on Wednesday, April 1st. TheStreet downgraded Unifi from a “c-” rating to a “d” rating in a report on Friday, May 1st. CJS Securities downgraded Unifi to a “hold” rating in a report on Wednesday, January 29th. Finally, Sidoti raised Unifi from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a report on Wednesday, March 18th.

In related news, Director Kenneth G. Langone bought 7,200 shares of Unifi stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of $11.50 per share, with a total value of $82,800.00. Following the purchase, the director now owns 1,427,200 shares in the company, valued at $16,412,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Bishop bought 5,000 shares of Unifi stock in a transaction that occurred on Thursday, March 12th. The stock was bought at an average cost of $14.12 per share, for a total transaction of $70,600.00. Following the purchase, the director now owns 20,417 shares in the company, valued at approximately $288,288.04. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 29,365 shares of company stock worth $365,186. Insiders own 25.93% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Mcmillion Capital Management Inc. purchased a new position in shares of Unifi in the 4th quarter worth $25,000. Group One Trading L.P. acquired a new stake in Unifi in the 4th quarter valued at $51,000. Cannell Peter B & Co. Inc. acquired a new stake in Unifi in the 1st quarter valued at $116,000. Dynamic Technology Lab Private Ltd acquired a new stake in Unifi in the 1st quarter valued at $129,000. Finally, GSA Capital Partners LLP acquired a new stake in Unifi in the 1st quarter valued at $130,000. 80.87% of the stock is currently owned by institutional investors.

Shares of NYSE UFI opened at $13.20 on Friday. Unifi has a twelve month low of $7.48 and a twelve month high of $27.85. The company has a current ratio of 3.38, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $10.63 and a 200-day simple moving average of $19.53. The stock has a market capitalization of $245.39 million, a PE ratio of -6.73 and a beta of 0.98.

Unifi (NYSE:UFI) last released its earnings results on Thursday, April 30th. The textile maker reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.17. Unifi had a positive return on equity of 2.77% and a negative net margin of 5.14%. The firm had revenue of $170.99 million during the quarter, compared to analysts’ expectations of $160.20 million. On average, equities analysts predict that Unifi will post 0.29 earnings per share for the current year.

About Unifi

Unifi, Inc, together with its subsidiaries, manufactures and sells synthetic and recycled products made from polyester and nylon in the United States, Brazil, China, and internationally. The company operates in 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.

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