Unifi, Inc. (NYSE:UFI) Director Kenneth G. Langone purchased 12,500 shares of the company’s stock in a transaction on Friday, August 9th. The stock was acquired at an average price of $18.42 per share, with a total value of $230,250.00. Following the completion of the purchase, the director now directly owns 1,182,500 shares in the company, valued at $21,781,650. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of UFI opened at $20.17 on Friday. The stock has a market capitalization of $355.02 million, a price-to-earnings ratio of 155.15 and a beta of 0.71. Unifi, Inc. has a 1 year low of $15.90 and a 1 year high of $33.28. The business’s 50 day simple moving average is $18.44 and its 200-day simple moving average is $19.81. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.55 and a quick ratio of 1.76.
Unifi (NYSE:UFI) last issued its quarterly earnings data on Wednesday, August 7th. The textile maker reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $179.49 million for the quarter, compared to analysts’ expectations of $186.90 million. Unifi had a return on equity of 0.14% and a net margin of 0.35%. On average, sell-side analysts expect that Unifi, Inc. will post 0.86 earnings per share for the current year.
Several analysts have recently issued reports on UFI shares. ValuEngine raised Unifi from a “sell” rating to a “hold” rating in a report on Saturday, May 4th. Zacks Investment Research raised Unifi from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock 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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