Somewhat Favorable News Coverage Somewhat Unlikely to Impact Unifi (NYSE:UFI) Stock Price
News coverage about Unifi (NYSE:UFI) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Unifi earned a news impact score of 0.14 on Accern’s scale. Accern also gave media coverage about the textile maker an impact score of 46.1250094077076 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Unifi names new members of executive leadership team (finance.yahoo.com)
- BRIEF-Unifi announces executive team additions and promotions (feeds.reuters.com)
- Unifi Announces Executive Team Additions and Promotions (finance.yahoo.com)
- Paul R. Charron Purchases 1,100 Shares of Unifi, Inc. (NYSE:UFI) Stock (americanbankingnews.com)
- Unifi plans Repreve-related joint venture in Guatamala (bizjournals.com)
Unifi (NYSE UFI) traded down 1.28% during midday trading on Monday, hitting $31.73. 58,665 shares of the company traded hands. Unifi has a 12-month low of $25.11 and a 12-month high of $34.70. The stock has a 50 day moving average price of $30.17 and a 200-day moving average price of $28.52. The company has a market cap of $578.25 million, a PE ratio of 17.83 and a beta of 0.79.
Unifi (NYSE:UFI) last issued its earnings results on Wednesday, July 26th. The textile maker reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $171.30 million for the quarter, compared to the consensus estimate of $165.18 million. Unifi had a return on equity of 9.91% and a net margin of 5.08%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. Analysts expect that Unifi will post $1.86 EPS for the current year.
UFI has been the topic of several analyst reports. Zacks Investment Research raised shares of Unifi from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research note on Tuesday, May 2nd. ValuEngine cut shares of Unifi from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, BidaskClub cut shares of Unifi from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th.
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In other Unifi news, Director Kenneth G. Langone bought 25,000 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were bought at an average price of $28.06 per share, for a total transaction of $701,500.00. Following the acquisition, the director now directly owns 1,090,797 shares of the company’s stock, valued at $30,607,763.82. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul R. Charron bought 1,100 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was acquired at an average price of $32.00 per share, for a total transaction of $35,200.00. Following the acquisition, the director now directly owns 18,520 shares in the company, valued at $592,640. The disclosure for this purchase can be found here. Insiders bought a total of 26,500 shares of company stock worth $749,268 in the last quarter. 16.40% of the stock is owned by corporate insiders.
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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