Posted by admin on May 22nd, 2022
Wall Street brokerages expect Unifi, Inc. (NYSE:UFI – Get Rating) to announce $210.00 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Unifi’s earnings, with the highest sales estimate coming in at $215.00 million and the lowest estimate coming in at $205.00 million. Unifi posted sales of $184.45 million in the same quarter last year, which suggests a positive year over year growth rate of 13.9%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Unifi will report full year sales of $808.20 million for the current financial year, with estimates ranging from $803.20 million to $813.20 million. For the next financial year, analysts expect that the business will report sales of $869.25 million, with estimates ranging from $868.50 million to $870.00 million. Zacks’ sales averages are an average based on a survey of analysts that cover Unifi.
A number of research analysts have recently weighed in on UFI shares. Zacks Investment Research downgraded Unifi from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th. StockNews.com initiated coverage on Unifi in a research report on Thursday, March 31st. They set a “hold” rating for the company.
UFI opened at $13.83 on Friday. Unifi has a one year low of $13.14 and a one year high of $28.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.71 and a current ratio of 3.14. The stock’s fifty day moving average is $16.31 and its 200-day moving average is $19.58. The company has a market capitalization of $255.58 million, a PE ratio of 10.48 and a beta of 1.04.
In related news, CFO Craig A. Creaturo purchased 7,000 shares of the stock in a transaction dated Thursday, May 5th. The stock was bought at an average cost of $14.05 per share, for a total transaction 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 $667,487.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Edmund M. Ingle acquired 5,300 shares of the firm’s stock in a transaction that occurred on Friday, May 6th. The stock was bought at an average price of $13.65 per share, with a total value of $72,345.00. Following the completion of the acquisition, the chief executive officer now directly owns 99,031 shares of the company’s stock, valued at $1,351,773.15. The disclosure for this purchase can be found here. 27.36% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. increased its position in shares of Unifi by 274.7% in the third quarter. Advisor Group Holdings Inc. now owns 1,199 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 879 shares during the period. KBC Group NV purchased a new position in shares of Unifi during the third quarter valued at about $52,000. Metropolitan Life Insurance Co NY purchased a new position in shares of Unifi during the third quarter valued at about $79,000. Lazard Asset Management LLC increased 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 period. Finally, State of Tennessee Treasury Department increased 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 period. 74.37% of the stock is owned by institutional investors.
Unifi Company Profile (Get Rating)
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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