Unifi Inc. (UFI) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Unifi Inc. (NYSE:UFI) from a strong sell rating to a hold rating in a report published on Thursday.

According to Zacks, “Unifi, Inc. is one of the world’s largest producers of textured polyester and nylon, both natural and package dyed, covered elastomeric yarns and twisted yarns. They are engaged in the business of processing yarns by: texturizing of synthetic filament polyester and nylon fiber; and spinning of cotton and cotton blend fibers. “

Shares of Unifi (NYSE:UFI) opened at 29.43 on Thursday. Unifi has a 1-year low of $20.71 and a 1-year high of $32.99. The company has a market capitalization of $529.00 million, a P/E ratio of 15.74 and a beta of 0.55. The company’s 50 day moving average is $27.77 and its 200-day moving average is $26.25.

Unifi (NYSE:UFI) last released its earnings results on Wednesday, July 27th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.65 by $0.03. Unifi had a net margin of 5.35% and a return on equity of 11.70%. The firm earned $163.90 million during the quarter, compared to the consensus estimate of $171.72 million. On average, equities research analysts forecast that Unifi will post $1.76 EPS for the current year.

In other news, Director William L. Jasper sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $25.37, for a total value of $88,795.00. Following the sale, the director now directly owns 113,560 shares in the company, valued at approximately $2,881,017.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James M. Kilts purchased 5,000 shares of Unifi stock in a transaction dated Monday, August 1st. The stock was bought at an average price of $26.73 per share, for a total transaction of $133,650.00. Following the completion of the purchase, the director now owns 2,447 shares in the company, valued at approximately $65,408.31. The disclosure for this purchase can be found here. 16.40% of the stock is currently owned by company insiders.

Unifi Company Profile

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 Polyester segment manufactures Chip, partially oriented yarn (POY), textured, dyed, twisted, beamed and draw wound yarns, both virgin and recycled, with sales primarily to other yarn manufacturers and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, automotive upholstery, home furnishings, industrial and other end-use markets.

5 Day Chart for NYSE:UFI

Get a free copy of the Zacks research report on Unifi (UFI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Unifi Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unifi Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

© 2006-2016 Mideast Time.