Posted by admin on Jul 26th, 2022

Shares of Unifi, Inc. (NYSE:UFI – Get Rating) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.77 and traded as low as $14.19. Unifi shares last traded at $14.52, with a volume of 42,728 shares traded.

Separately, StockNews.com initiated coverage on Unifi in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

The firm has a 50 day moving average of $14.16 and a two-hundred day moving average of $16.77. The firm has a market capitalization of $268.30 million, a price-to-earnings ratio of 11.00 and a beta of 1.04. The company has a quick ratio of 1.71, a current ratio of 3.14 and a debt-to-equity ratio of 0.24.

Unifi (NYSE:UFI – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The textile maker reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Unifi had a net margin of 3.21% and a return on equity of 5.28%. The firm had revenue of $200.78 million for the quarter, compared to analyst estimates of $196.40 million. As a group, sell-side analysts anticipate that Unifi, Inc. will post 0.8 EPS for the current fiscal year.

In related news, CFO Craig A. Creaturo acquired 7,000 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The shares were bought at an average cost of $14.05 per share, with a total value of $98,350.00. Following the completion of the purchase, the chief financial officer now directly owns 47,508 shares in the company, valued at $667,487.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Unifi news, CEO Edmund M. Ingle bought 5,300 shares of the stock in a transaction on Friday, May 6th. The stock was acquired at an average cost of $13.65 per share, for a total transaction of $72,345.00. Following the completion of the acquisition, the chief executive officer now owns 99,031 shares in the company, valued at approximately $1,351,773.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Craig A. Creaturo bought 7,000 shares of the stock in a transaction on Thursday, May 5th. The stock was acquired at an average price 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 approximately $667,487.40. The disclosure for this purchase can be found here. 27.36% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its position 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 valued at $530,000 after buying an additional 664 shares during the last quarter. State of Tennessee Treasury Department boosted its position in shares of Unifi by 17.9% during the first quarter. State of Tennessee Treasury Department now owns 5,683 shares of the textile maker’s stock valued at $103,000 after buying an additional 861 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Unifi by 33.9% during the fourth quarter. Lazard Asset Management LLC now owns 3,618 shares of the textile maker’s stock valued at $83,000 after buying an additional 915 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Unifi by 13.9% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,961 shares of the textile maker’s stock valued at $216,000 after buying an additional 1,458 shares during the last quarter. Finally, Money Concepts Capital Corp boosted its position in shares of Unifi by 13.8% during the second quarter. Money Concepts Capital Corp now owns 12,281 shares of the textile maker’s stock valued at $172,000 after buying an additional 1,490 shares during the last quarter. Institutional investors own 74.37% of the company’s stock.

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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