Key Points
- Director Kenneth Langone purchased 40,451 shares at an average price of $3.50 (totaling $141,578.50), raising his stake to 2,466,245 shares (a 1.67% increase), as disclosed in an SEC filing.
- Unifi shares are trading near $3.12 (down 5.1%) with a market cap of about $57.3M; the company reported a quarterly EPS of -$0.56 (slightly beating estimates) but missed revenue and shows negative margins and ROE, and the sell-side consensus remains "Sell".
Unifi, Inc. (NYSE:UFI - Get Free Report) Director Kenneth Langone acquired 25,811 shares of the company's stock in a transaction dated Thursday, December 4th. The shares were bought at an average price of $3.42 per share, for a total transaction of $88,273.62. Following the acquisition, the director directly owned 2,492,056 shares of the company's stock, valued at approximately $8,522,831.52. This trade represents a 1.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Unifi Stock Down 5.1%
Shares of NYSE:UFI opened at $3.12 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.68 and a current ratio of 3.59. Unifi, Inc. has a 52-week low of $2.96 and a 52-week high of $6.49. The business's 50 day simple moving average is $4.05 and its two-hundred day simple moving average is $4.49. The firm has a market cap of $57.30 million, a P/E ratio of -2.33 and a beta of 0.73.
Unifi (NYSE:UFI - Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The textile maker reported ($0.56) EPS for the quarter, beating the consensus estimate of ($0.60) by $0.04. Unifi had a negative return on equity of 21.13% and a negative net margin of 4.30%.The firm had revenue of $135.67 million during the quarter, compared to the consensus estimate of $140.23 million. As a group, research analysts forecast that Unifi, Inc. will post -2.25 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new stake in Unifi in the 3rd quarter valued at about $54,000. Jane Street Group LLC bought a new position in shares of Unifi in the first quarter valued at approximately $64,000. XTX Topco Ltd purchased a new stake in shares of Unifi during the second quarter valued at approximately $80,000. Assenagon Asset Management S.A. bought a new stake in Unifi during the third quarter worth $92,000. Finally, Goldman Sachs Group Inc. purchased a new position in Unifi in the first quarter worth $96,000. 67.67% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms recently weighed in on UFI. Wall Street Zen upgraded shares of Unifi to a "sell" rating in a report on Saturday. Weiss Ratings reissued a "sell (e+)" rating on shares of Unifi in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of "Sell".
Get Our Latest Analysis on UFI
About Unifi
(
Get Free Report)
Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in North America, Central America, South America, Asia, and Europe. Its polyester products include partially oriented yarn, textured, solution and package dyed, twisted, beamed, and draw wound yarns in virgin or recycled varieties; and nylon products comprise virgin or recycled textured, solution dyed, and spandex covered yarns.
Further Reading
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