In yesterday’s Wall Street session, Unifi Inc. (NYSE:UFI) shares traded at $8.00, down -4.31% from the previous session.
As of this writing, 1 analysts cover Unifi Inc. (NYSE:UFI). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $28.00 and a low of $10.00, we find $18.00. Given the previous closing price of $8.36, this indicates a potential upside of 115.31 percent. UFI stock price is now -16.31% away from the 50-day moving average and -43.32% away from the 200-day moving average. The market capitalization of the company currently stands at $122.80M.
There are 1 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $18.67 as their price target over the next twelve months.
On December 15, 2020, Northland Capital recently initiated its ‘Outperform’ rating on the stock quoting a target price of $21, while ‘Sidoti’ rates the stock as ‘Buy’.
In other news, LANGONE KENNETH G, Director bought 100,000 shares of the company’s stock on Nov 08. The stock was bought for $709,000 at an average price of $7.09. Upon completion of the transaction, the Director now directly owns 1,691,402 shares in the company, valued at $13.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08, Director COX ARCHIBALD JR bought 50,000 shares of the business’s stock. A total of $361,500 was incurred on buying the stock at an average price of $7.23. This leaves the insider owning 179,376 shares of the company worth $1.44 million. Insiders disposed of 21,170 shares of company stock worth roughly $0.17 million over the past 1 year. A total of 10.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UFI stock. A new stake in Unifi Inc. shares was purchased by INVENOMIC CAPITAL MANAGEMENT LP during the first quarter worth $1,879,000. TWO SIGMA INVESTMENTS, LP invested $765,000 in shares of UFI during the first quarter. In the first quarter, VICTORY CAPITAL MANAGEMENT INC acquired a new stake in Unifi Inc. valued at approximately $360,000. MARSHALL WACE, LLP acquired a new stake in UFI for approximately $359,000. FIRST TRUST ADVISORS LP purchased a new stake in UFI valued at around $272,000 in the second quarter. In total, there are 182 active investors with 79.30% ownership of the company’s stock.
Monday morning saw Unifi Inc. (NYSE: UFI) opened at $8.19. During the past 12 months, Unifi Inc. has had a low of $6.33 and a high of $24.73. As of last week, the company has a debt-to-equity ratio of 0.32, a current ratio of 3.20, and a quick ratio of 1.60. The fifty day moving average price for UFI is $9.56 and a two-hundred day moving average price translates $14.11 for the stock.
The latest earnings results from Unifi Inc. (NYSE: UFI) was released for Jul, 2022. According to the Textile Manufacturing Company, earnings per share came in at $0.19, beating analysts’ expectations of $0.16 by 0.03. This compares to $0.46 EPS in the same period last year. The net profit margin was 3.10% and return on equity was 6.90% for UFI. The company reported revenue of $179.52 million for the quarter, compared to $195.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.4 percent. For the current quarter, analysts expect UFI to generate $201.96M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/08/1998. Investors who held shares on 05/01/1998 were paid a $0.14 dividend.
Unifi Inc.(UFI) Company Profile
Unifi, Inc., together with its subsidiaries, manufactures and sells recycled and synthetic products in the United States, China, Brazil, and internationally. 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. The company also provides recycled solutions made from pre-consumer and post-consumer waste, such as plastic bottle flake made from polyester, and polymer beads and staple fiber made from polyester or nylon. It offers recycled and synthetic products primarily to yarn manufacturers, knitters, and weavers that produce fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets. The company sells its products through sales force and independent sales agents under the REPREVE brand. Unifi, Inc. was incorporated in 1969 and is headquartered in Greensboro, North Carolina.