Robert J. Bishop Acquires 2,998 Shares of Unifi, Inc. (NYSE:UFI) Stock
Unifi, Inc. (NYSE:UFI) Director Robert J. Bishop purchased 2,998 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were bought at an average price of $30.99 per share, with a total value of $92,908.02. Following the purchase, the director now owns 9,198 shares in the company, valued at approximately $285,046.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Unifi, Inc. (UFI) traded down 0.23% during mid-day trading on Friday, reaching $30.75. The company had a trading volume of 108,493 shares. The company has a market capitalization of $560.39 million, a price-to-earnings ratio of 17.28 and a beta of 0.79. Unifi, Inc. has a 12 month low of $25.11 and a 12 month high of $34.70. The firm’s 50-day moving average is $30.63 and its 200 day moving average is $28.62.
Unifi (NYSE:UFI) last released its earnings results on Wednesday, July 26th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $171.30 million for the quarter, compared to the consensus estimate of $165.18 million. Unifi had a return on equity of 9.91% and a net margin of 5.08%. Unifi’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 earnings per share. On average, equities research analysts predict that Unifi, Inc. will post $1.86 earnings per share for the current year.
UFI has been the subject of several recent analyst reports. Zacks Investment Research upgraded Unifi from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research note on Tuesday, May 2nd. ValuEngine downgraded Unifi from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, BidaskClub downgraded Unifi from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th.
A number of institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC increased its position in shares of Unifi by 11.8% in the second quarter. Neuberger Berman Group LLC now owns 197,375 shares of the textile maker’s stock worth $6,079,000 after buying an additional 20,846 shares during the period. Balter Liquid Alternatives LLC acquired a new position in shares of Unifi during the second quarter worth $396,000. Royce & Associates LP increased its position in shares of Unifi by 16.0% in the second quarter. Royce & Associates LP now owns 400,003 shares of the textile maker’s stock worth $12,320,000 after buying an additional 55,300 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Unifi by 58.5% in the second quarter. BNP Paribas Arbitrage SA now owns 4,628 shares of the textile maker’s stock worth $143,000 after buying an additional 1,709 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Unifi by 8.9% in the second quarter. Legal & General Group Plc now owns 28,013 shares of the textile maker’s stock worth $863,000 after buying an additional 2,288 shares during the period. 76.75% of the stock is currently owned by hedge funds and other institutional investors.
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 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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