Posted by admin on Jul 6th, 2022

Shares of Unifi, Inc. (NYSE:UFI – Get Rating) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $17.71 and traded as low as $13.24. Unifi shares last traded at $13.76, with a volume of 84,134 shares changing hands.

Separately, StockNews.com began coverage on Unifi in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

The stock has a 50 day moving average of $14.34 and a two-hundred day moving average of $17.71. 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 firm has a market capitalization of $254.26 million, a P/E ratio of 10.42 and a beta of 1.04.

Unifi (NYSE:UFI – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The textile maker reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Unifi had a net margin of 3.21% and a return on equity of 5.28%. The company had revenue of $200.78 million during the quarter, compared to the consensus estimate of $196.40 million. Sell-side analysts predict that Unifi, Inc. will post 0.8 EPS for the current year.

In other Unifi news, CFO Craig A. Creaturo purchased 7,000 shares of the company’s stock in a transaction on Thursday, May 5th. The shares were bought at an average cost of $14.05 per share, with a total value of $98,350.00. Following the transaction, the chief financial officer now directly owns 47,508 shares in the company, valued at approximately $667,487.40. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Edmund M. Ingle purchased 5,300 shares of the company’s stock in a transaction on Friday, May 6th. The stock was acquired at an average cost of $13.65 per share, for a total transaction of $72,345.00. Following the completion of the transaction, the chief executive officer now owns 99,031 shares in the company, valued at $1,351,773.15. The disclosure for this purchase can be found here. Insiders own 27.36% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY bought a new stake in shares of Unifi during the third quarter valued at approximately $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 purchasing an additional 915 shares during the period. 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 purchasing an additional 861 shares during the period. Amalgamated Bank bought a new stake in shares of Unifi during the first quarter valued at approximately $112,000. Finally, KBC Group NV increased its position in shares of Unifi by 185.4% during the fourth quarter. KBC Group NV now owns 6,712 shares of the textile maker’s stock valued at $155,000 after purchasing an additional 4,360 shares during the period. Institutional investors and hedge funds own 74.37% of the company’s stock.

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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