Unifi, Inc. (NYSE:UFI) Director Robert J. Bishop bought 41,700 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $20.36 per share, for a total transaction of $849,012.00. Following the completion of the acquisition, the director now owns 16,734 shares of the company’s stock, valued at $340,704.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of UFI opened at $22.86 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.55 and a quick ratio of 1.76. The firm’s 50 day moving average is $19.28 and its 200-day moving average is $19.53. Unifi, Inc. has a 12-month low of $15.90 and a 12-month high of $31.49. The stock has a market capitalization of $378.67 million, a P/E ratio of 175.85 and a beta of 0.70.
Unifi (NYSE:UFI) last released its earnings results on Wednesday, August 7th. The textile maker reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $179.49 million during the quarter, compared to analyst estimates of $186.90 million. Unifi had a net margin of 0.35% and a return on equity of 0.14%. As a group, equities research analysts forecast that Unifi, Inc. will post 0.86 EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Unifi from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Thursday, August 15th.
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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