Unifi, Inc. (NYSE:UFI) Director Kenneth G. Langone bought 20,711 shares of Unifi stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of $18.27 per share, with a total value of $378,389.97. Following the completion of the transaction, the director now directly owns 1,182,500 shares in the company, valued at $21,604,275. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
UFI opened at $20.17 on Friday. The company has a 50 day moving average of $18.44 and a 200 day moving average of $19.81. The company has a market cap of $355.02 million, a PE ratio of 155.15 and a beta of 0.71. Unifi, Inc. has a 12 month low of $15.90 and a 12 month high of $33.28. The company has a current ratio of 3.55, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32.
Unifi (NYSE:UFI) last released its quarterly earnings data on Wednesday, August 7th. The textile maker reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The company had revenue of $179.49 million during the quarter, compared to the consensus estimate of $186.90 million. Unifi had a net margin of 0.35% and a return on equity of 0.14%. Research analysts forecast that Unifi, Inc. will post 0.86 earnings per share for the current fiscal year.
Several research firms recently commented on UFI. ValuEngine raised shares of Unifi from a “sell” rating to a “hold” rating in a report on Saturday, May 4th. Zacks Investment Research raised shares of Unifi from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Thursday.
Unifi Company Profile
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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