Unifi, Inc. (UFI) Downgraded by ValuEngine to Hold

ValuEngine downgraded shares of Unifi, Inc. (NYSE:UFI) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

Several other research firms have also weighed in on UFI. Zacks Investment Research upgraded Unifi from a strong sell rating to a hold rating in a research report on Wednesday, September 27th. CJS Securities started coverage on Unifi in a research note on Wednesday, September 20th. They issued an outperform rating and a $42.00 price target for the company. Finally, BidaskClub cut Unifi from a buy rating to a hold rating in a research note on Saturday, July 8th.

Shares of Unifi (NYSE UFI) opened at 36.43 on Tuesday. Unifi has a one year low of $26.02 and a one year high of $36.62. The company has a market capitalization of $664.85 million, a PE ratio of 20.47 and a beta of 0.80. The company has a 50-day moving average price of $33.29 and a 200 day moving average price of $30.15.

Unifi (NYSE:UFI) last issued its quarterly earnings data on Wednesday, July 26th. The textile maker reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The firm had revenue of $171.30 million for the quarter, compared to analyst estimates of $165.18 million. Unifi had a return on equity of 9.91% and a net margin of 5.08%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.57 EPS. Equities analysts anticipate that Unifi will post $1.87 EPS for the current year.

TRADEMARK VIOLATION WARNING: This article was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/11/unifi-inc-ufi-downgraded-by-valuengine-to-hold.html.

In other news, Director Robert J. Bishop purchased 12,002 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of $30.69 per share, with a total value of $368,341.38. Following the completion of the purchase, the director now owns 6,200 shares in the company, valued at $190,278. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul R. Charron purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average cost of $31.50 per share, with a total value of $31,500.00. Following the completion of the purchase, the director now owns 19,915 shares of the company’s stock, valued at approximately $627,322.50. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 21,183 shares of company stock valued at $650,934. Corporate insiders own 15.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its position in Unifi by 58.5% during the second quarter. BNP Paribas Arbitrage SA now owns 4,628 shares of the textile maker’s stock valued at $143,000 after purchasing an additional 1,709 shares during the period. Susquehanna International Group LLP purchased a new stake in shares of Unifi in the second quarter worth approximately $212,000. Voya Investment Management LLC purchased a new stake in shares of Unifi in the second quarter worth approximately $258,000. Citadel Advisors LLC purchased a new stake in shares of Unifi in the second quarter worth approximately $272,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of Unifi in the second quarter worth approximately $277,000. 76.99% of the stock is owned by institutional investors.

About Unifi

Unifi, Inc is a manufacturing company. The Company processes and sells commod

Several other research firms have also weighed in on UFI. Zacks Investment Research upgraded Unifi from a strong sell rating to a hold rating in a research report on Wednesday, September 27th. CJS Securities started coverage on Unifi in a research note on Wednesday, September 20th. They issued an outperform rating and a $42.00 price target for the company. Finally, BidaskClub cut Unifi from a buy rating to a hold rating in a research note on Saturday, July 8th.

Shares of Unifi (NYSE UFI) opened at 36.43 on Tuesday. Unifi has a one year low of $26.02 and a one year high of $36.62. The company has a market capitalization of $664.85 million, a PE ratio of 20.47 and a beta of 0.80. The company has a 50-day moving average price of $33.29 and a 200 day moving average price of $30.15.

Unifi (NYSE:UFI) last issued its quarterly earnings data on Wednesday, July 26th. The textile maker reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The firm had revenue of $171.30 million for the quarter, compared to analyst estimates of $165.18 million. Unifi had a return on equity of 9.91% and a net margin of 5.08%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.57 EPS. Equities analysts anticipate that Unifi will post $1.87 EPS for the current year.

TRADEMARK VIOLATION WARNING: This article was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/11/unifi-inc-ufi-downgraded-by-valuengine-to-hold.html.

In other news, Director Robert J. Bishop purchased 12,002 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of $30.69 per share, with a total value of $368,341.38. Following the completion of the purchase, the director now owns 6,200 shares in the company, valued at $190,278. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul R. Charron purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average cost of $31.50 per share, with a total value of $31,500.00. Following the completion of the purchase, the director now owns 19,915 shares of the company’s stock, valued at approximately $627,322.50. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 21,183 shares of company stock valued at $650,934. Corporate insiders own 15.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its position in Unifi by 58.5% during the second quarter. BNP Paribas Arbitrage SA now owns 4,628 shares of the textile maker’s stock valued at $143,000 after purchasing an additional 1,709 shares during the period. Susquehanna International Group LLP purchased a new stake in shares of Unifi in the second quarter worth approximately $212,000. Voya Investment Management LLC purchased a new stake in shares of Unifi in the second quarter worth approximately $258,000. Citadel Advisors LLC purchased a new stake in shares of Unifi in the second quarter worth approximately $272,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of Unifi in the second quarter worth approximately $277,000. 76.99% of the stock is owned by institutional investors.

About Unifi

Unifi, Inc is a manufacturing company. The Company processes and sells commodity yarns, specialized yarns and premier value-added (PVA) yarns. The Company operates through three segments: Polyester segment, Nylon segment and International segment. The Company’s polyester products include polyester polymer beads (Chip), partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns.

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