Unifi (NYSE:UFI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Unifi (NYSE:UFI) from a sell rating to a hold rating in a research report released on Saturday.

Unifi Price Performance

NYSE UFI opened at $4.57 on Friday. The company has a quick ratio of 1.59, a current ratio of 3.32 and a debt-to-equity ratio of 0.38. Unifi has a 12-month low of $4.25 and a 12-month high of $7.85. The company has a market capitalization of $83.81 million, a PE ratio of -4.00 and a beta of 0.56. The firm’s 50 day moving average is $4.56 and its 200-day moving average is $4.82.

Unifi (NYSE:UFI) last posted its quarterly earnings data on Wednesday, August 20th. The textile maker reported ($0.56) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.24. Unifi had a negative net margin of 3.56% and a negative return on equity of 19.64%. The company had revenue of $138.54 million for the quarter, compared to the consensus estimate of $149.84 million. Equities research analysts anticipate that Unifi will post -2.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Unifi

A number of institutional investors have recently added to or reduced their stakes in the company. Minerva Advisors LLC increased its holdings in Unifi by 19.5% during the second quarter. Minerva Advisors LLC now owns 1,085,209 shares of the textile maker’s stock worth $5,665,000 after buying an additional 177,435 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in Unifi by 4.8% during the first quarter. Pinnacle Associates Ltd. now owns 1,004,564 shares of the textile maker’s stock worth $4,832,000 after buying an additional 46,401 shares during the last quarter. 22NW LP increased its holdings in Unifi by 34.2% during the second quarter. 22NW LP now owns 981,535 shares of the textile maker’s stock worth $5,124,000 after buying an additional 250,000 shares during the last quarter. Peapod Lane Capital LLC increased its holdings in Unifi by 10.2% during the second quarter. Peapod Lane Capital LLC now owns 564,360 shares of the textile maker’s stock worth $2,946,000 after buying an additional 52,008 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Unifi by 22.4% during the fourth quarter. Northern Trust Corp now owns 65,179 shares of the textile maker’s stock worth $407,000 after buying an additional 11,919 shares during the last quarter. 67.67% of the stock is currently owned by institutional investors and hedge funds.

Unifi Company Profile

Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in North America, Central America, South America, Asia, and Europe. 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.