Posted by admin on Jun 25th, 2022
Shares of Unifi, Inc. (NYSE:UFI – Get Rating) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.27 and traded as low as $13.45. Unifi shares last traded at $14.27, with a volume of 116,933 shares traded.
Separately, StockNews.com started coverage on shares of Unifi in a research note on Thursday, March 31st. They set a “hold” rating on the stock.
The stock’s 50 day moving average is $14.81 and its two-hundred day moving average is $18.27. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.14 and a quick ratio of 1.71. The stock has a market capitalization of $263.68 million, a PE ratio of 10.81 and a beta of 1.03.
Unifi (NYSE:UFI – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The textile maker reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The business had revenue of $200.78 million during the quarter, compared to analyst estimates of $196.40 million. Unifi had a net margin of 3.21% and a return on equity of 5.28%. On average, equities analysts predict that Unifi, Inc. will post 0.8 earnings per share for the current year.
In other news, CFO Craig A. Creaturo acquired 7,000 shares of the firm’s stock in a transaction dated Thursday, May 5th. The stock was acquired at an average cost of $14.05 per share, with a total value of $98,350.00. Following the completion of the acquisition, the chief financial officer now owns 47,508 shares of the company’s stock, valued at $667,487.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Edmund M. Ingle acquired 5,300 shares of the firm’s stock in a transaction dated Friday, May 6th. The stock was purchased at an average cost of $13.65 per share, with a total value of $72,345.00. Following the completion of the acquisition, the chief executive officer now directly owns 99,031 shares of the company’s stock, valued at approximately $1,351,773.15. The disclosure for this purchase can be found here. Corporate insiders own 27.36% of the company’s stock.
Several hedge funds have recently bought and sold shares of UFI. Bank of America Corp DE lifted its holdings in shares of Unifi by 2.3% during the first quarter. Bank of America Corp DE now owns 29,269 shares of the textile maker’s stock worth $530,000 after purchasing an additional 664 shares during the period. Guggenheim Capital LLC lifted its holdings in shares of Unifi by 42.5% during the first quarter. Guggenheim Capital LLC now owns 17,407 shares of the textile maker’s stock worth $315,000 after purchasing an additional 5,195 shares during the period. State Street Corp lifted its holdings in shares of Unifi by 3.0% during the first quarter. State Street Corp now owns 468,040 shares of the textile maker’s stock worth $8,472,000 after purchasing an additional 13,468 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of Unifi during the first quarter worth $273,000. Finally, Invesco Ltd. lifted its holdings in shares of Unifi by 25.0% during the first quarter. Invesco Ltd. now owns 538,068 shares of the textile maker’s stock worth $9,739,000 after purchasing an additional 107,502 shares during the period. 74.37% of the stock is owned by institutional investors and hedge funds.
Unifi Company Profile (NYSE:UFI)
Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in the United States, Brazil, China, and internationally. It operates in four segments: Polyester, Nylon, Brazil, and Asia. The Polyester segment offers partially oriented, textured, solution and package dyed, twisted, beamed, and draw wound yarns; and pre-consumer and post-consumer waste products, including plastic bottle flakes, polyester polymer, and staple fiber beads 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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