Unifi (NYSE:UFI) Raised to Hold at Wall Street Zen

Unifi (NYSE:UFI) was upgraded by Wall Street Zen to a “hold” rating in a report released on Sunday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Unifi in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Unifi Stock Up 9.9%

NYSE UFI traded up $0.52 during trading on Friday, reaching $5.77. 200,688 shares of the company’s stock traded hands, compared to its average volume of 78,127. Unifi has a 12-month low of $2.96 and a 12-month high of $5.87. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.12 and a quick ratio of 1.59. The firm has a market cap of $107.25 million, a price-to-earnings ratio of -12.82, a price-to-earnings-growth ratio of 5.31 and a beta of 0.72. The company’s 50 day simple moving average is $4.32 and its two-hundred day simple moving average is $3.96.

Unifi (NYSE:UFI) last announced its quarterly earnings results on Tuesday, May 5th. The textile maker reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.02. Unifi had a negative net margin of 1.50% and a negative return on equity of 14.14%. The firm had revenue of $130.04 million during the quarter, compared to analysts’ expectations of $130.52 million. As a group, sell-side analysts forecast that Unifi will post -1.3 EPS for the current fiscal year.

Institutional Trading of Unifi

Hedge funds have recently modified their holdings of the company. Minerva Advisors LLC boosted its holdings in shares of Unifi by 6.1% in the 4th quarter. Minerva Advisors LLC now owns 1,222,420 shares of the textile maker’s stock valued at $4,278,000 after buying an additional 69,939 shares in the last quarter. Azarias Capital Management L.P. raised its stake in shares of Unifi by 11.3% during the 4th quarter. Azarias Capital Management L.P. now owns 904,013 shares of the textile maker’s stock worth $3,164,000 after acquiring an additional 91,455 shares in the last quarter. Vanguard Group Inc. lifted its position in Unifi by 3.0% during the third quarter. Vanguard Group Inc. now owns 730,812 shares of the textile maker’s stock valued at $3,479,000 after acquiring an additional 21,195 shares during the last quarter. Peapod Lane Capital LLC lifted its position in Unifi by 1.0% during the fourth quarter. Peapod Lane Capital LLC now owns 452,513 shares of the textile maker’s stock valued at $1,584,000 after acquiring an additional 4,259 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Unifi by 11.1% in the fourth quarter. Neuberger Berman Group LLC now owns 270,880 shares of the textile maker’s stock valued at $948,000 after acquiring an additional 27,158 shares in the last quarter. 67.67% of the stock is owned by hedge funds and other institutional investors.

Unifi Company Profile

Unifi, Inc (NYSE: UFI) is a global manufacturer of polyester and nylon textured yarns and fibers, specializing in both virgin and recycled synthetic materials. Headquartered in Greensboro, North Carolina, the company serves a diverse range of end markets including apparel, athleisure, home furnishings, automotive and industrial applications. Unifi’s vertically integrated operations encompass polymer extrusion, spinning, texturing, and finishing processes designed to meet the performance and aesthetic requirements of its customers.

A key differentiator for Unifi is its REPREVE® brand, a family of certified recycled performance fibers made from post‐consumer plastic bottles and other waste streams.