Unifi (NYSE:UFI) Upgraded at Wall Street Zen

Key Points

• Unifi has been upgraded from a "sell" to a "hold" rating by analysts at Wall Street Zen.
• The company posted a quarterly loss of ($0.56) earnings per share, beating expectations but reporting a negative net margin of 3.56% with revenue at $138.54 million.
• Institutional investors currently hold 67.67% of Unifi's stock, with significant recent investments from firms such as 22NW LP and Minerva Advisors LLC.

Unifi (NYSE:UFI - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

Unifi Stock Performance

Shares of NYSE UFI traded up $0.14 during mid-day trading on Friday, reaching $4.67. 42,298 shares of the company were exchanged, compared to its average volume of 51,922. The company has a quick ratio of 1.59, a current ratio of 3.32 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $85.78 million, a P/E ratio of -4.10 and a beta of 0.56. Unifi has a twelve month low of $4.25 and a twelve month high of $7.85. The company's 50-day simple moving average is $4.54 and its 200-day simple moving average is $4.81.

Unifi (NYSE:UFI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The textile maker reported ($0.56) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.80) by $0.24. Unifi had a negative return on equity of 19.64% and a negative net margin of 3.56%.The business had revenue of $138.54 million for the quarter, compared to the consensus estimate of $149.84 million. As a group, research analysts predict that Unifi will post -2.25 earnings per share for the current year.

Institutional Investors Weigh In On Unifi

A number of institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in shares of Unifi in the 1st quarter valued at $64,000. XTX Topco Ltd bought a new stake in shares of Unifi in the 2nd quarter valued at $80,000. Goldman Sachs Group Inc. acquired a new position in shares of Unifi during the 1st quarter valued at $96,000. BCS Private Wealth Management Inc. acquired a new position in shares of Unifi during the 2nd quarter valued at $227,000. Finally, Northern Trust Corp lifted its position in shares of Unifi by 22.4% during the 4th quarter. Northern Trust Corp now owns 65,179 shares of the textile maker's stock valued at $407,000 after acquiring an additional 11,919 shares during the period. 67.67% of the stock is owned by institutional investors.

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.