Unifi (NYSE:UFI) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Unifi (NYSE:UFI – Get Rating) in a research report sent to investors on Thursday morning. The firm issued a sell rating on the textile maker’s stock.

Separately, CJS Securities upgraded Unifi from a market perform rating to an outperform rating in a report on Thursday, February 2nd.

Unifi Price Performance

Shares of UFI opened at $8.23 on Thursday. The company has a current ratio of 4.73, a quick ratio of 2.23 and a debt-to-equity ratio of 0.37. Unifi has a 1 year low of $6.33 and a 1 year high of $19.03. The stock has a market cap of $148.55 million, a P/E ratio of -7.22 and a beta of 0.90. The stock’s 50-day moving average price is $9.20 and its two-hundred day moving average price is $9.13.

Unifi (NYSE:UFI – Get Rating) last released its quarterly earnings data on Wednesday, February 1st. The textile maker reported ($1.21) earnings per share for the quarter, beating the consensus estimate of ($1.85) by $0.64. Unifi had a negative return on equity of 7.03% and a negative net margin of 2.77%. The business had revenue of $136.21 million for the quarter, compared to analysts’ expectations of $135.99 million. On average, equities analysts predict that Unifi will post -2.67 earnings per share for the current year.

Insider Activity

In other news, CFO Craig A. Creaturo bought 7,500 shares of the company’s stock in a transaction that occurred on Friday, February 10th. The shares were acquired at an average price of $9.06 per share, with a total value of $67,950.00. Following the transaction, the chief financial officer now owns 74,628 shares in the company, valued at $676,129.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 10,000 shares of company stock worth $90,870 in the last 90 days. Corporate insiders own 12.85% of the company’s stock.

Institutional Investors Weigh In On Unifi

Hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky acquired a new stake in Unifi in the 3rd quarter valued at approximately $42,000. Shufro Rose & Co. LLC acquired a new stake in Unifi in the 3rd quarter valued at approximately $96,000. Cubist Systematic Strategies LLC acquired a new stake in Unifi in the 3rd quarter valued at approximately $128,000. Money Concepts Capital Corp raised its position in Unifi by 10.7% in the 3rd quarter. Money Concepts Capital Corp now owns 13,601 shares of the textile maker’s stock valued at $129,000 after buying an additional 1,320 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Unifi by 58.1% in the 4th quarter. Bank of America Corp DE now owns 15,447 shares of the textile maker’s stock valued at $133,000 after buying an additional 5,675 shares during the last quarter. Institutional investors and hedge funds own 65.72% of the company’s stock.

Unifi Company Profile

(Get Rating)

Unifi, Inc engages in the manufacture and sale of synthetic and recycled products made from polyester and nylon. It operates through the following segments: Polyester, Nylon, Brazil, and Asia. The Polyester segment sells polyester-based products to other yarn manufacturers, knitters, and weavers that produce yarn and fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets in U.S.