Zacks: Unifi, Inc. (UFI) Given Consensus Rating of “Hold” by Analysts

Unifi, Inc. (NYSE:UFI) has received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Zacks has also assigned Unifi an industry rank of 109 out of 255 based on the ratings given to its competitors.

UFI has been the subject of several recent analyst reports. Zacks Investment Research upgraded Unifi from a “sell” rating to a “hold” rating in a research note on Tuesday, January 1st. Sidoti downgraded Unifi from a “buy” rating to a “neutral” rating in a research note on Friday, March 22nd. Finally, ValuEngine upgraded Unifi from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th.

Shares of NYSE UFI traded up $0.05 during trading hours on Thursday, hitting $20.15. The stock had a trading volume of 9,940 shares, compared to its average volume of 105,607. The stock has a market cap of $370.48 million, a price-to-earnings ratio of 15.27 and a beta of 0.78. Unifi has a 52 week low of $17.83 and a 52 week high of $33.62. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.86 and a current ratio of 3.73.

Unifi (NYSE:UFI) last announced its quarterly earnings results on Monday, February 4th. The textile maker reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. The business had revenue of $167.71 million during the quarter, compared to analysts’ expectations of $166.80 million. Unifi had a return on equity of 2.21% and a net margin of 2.00%. On average, analysts predict that Unifi will post 0.57 EPS for the current year.

In other Unifi news, Director Kenneth G. Langone bought 20,000 shares of Unifi stock in a transaction dated Wednesday, February 6th. The stock was bought at an average cost of $20.93 per share, for a total transaction of $418,600.00. Following the purchase, the director now owns 1,150,000 shares of the company’s stock, valued at approximately $24,069,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard Gerstein bought 5,000 shares of Unifi stock in a transaction dated Wednesday, February 6th. The shares were acquired at an average price of $20.85 per share, with a total value of $104,250.00. Following the completion of the purchase, the insider now directly owns 36,449 shares in the company, valued at approximately $759,961.65. The disclosure for this purchase can be found here. Insiders have bought a total of 64,195 shares of company stock valued at $1,406,480 over the last quarter. 22.41% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in shares of Unifi during the first quarter valued at approximately $129,000. Bank of Montreal Can increased its position in shares of Unifi by 164.5% during the first quarter. Bank of Montreal Can now owns 3,074 shares of the textile maker’s stock valued at $59,000 after acquiring an additional 1,912 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Unifi by 373.4% during the first quarter. BNP Paribas Arbitrage SA now owns 3,252 shares of the textile maker’s stock valued at $63,000 after acquiring an additional 2,565 shares during the last quarter. Virginia Retirement Systems ET AL increased its position in shares of Unifi by 75.4% during the first quarter. Virginia Retirement Systems ET AL now owns 32,100 shares of the textile maker’s stock valued at $621,000 after acquiring an additional 13,800 shares during the last quarter. Finally, Mycio Wealth Partners LLC increased its position in shares of Unifi by 37.0% during the first quarter. Mycio Wealth Partners LLC now owns 18,500 shares of the textile maker’s stock valued at $358,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 82.49% of the company’s stock.

About Unifi

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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