Price Action to Note: How Analysts Feel About Unifi, Inc. After Touching 52-Week High?

Price Action to Note: How Analysts Feel About Unifi, Inc. After Touching 52 Week High?

The stock of Unifi, Inc. (NYSE:UFI) hit a new 52-week high and has $33.78 target or 5.00% above today’s $32.17 share price. The 7 months bullish chart indicates low risk for the $590.28M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $33.78 price target is reached, the company will be worth $29.51 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.16% or $0.05 during the last trading session, hitting $32.17. About 20,396 shares traded hands. Unifi, Inc. (NYSE:UFI) has risen 15.83% since April 22, 2016 and is uptrending. It has outperformed by 10.42% the S&P500.

Analysts await Unifi, Inc. (NYSE:UFI) to report earnings on January, 18. They expect $0.34 EPS, down 8.11% or $0.03 from last year’s $0.37 per share. UFI’s profit will be $6.24M for 23.65 P/E if the $0.34 EPS becomes a reality. After $0.51 actual EPS reported by Unifi, Inc. for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 1.37 in Q2 2016. Its down 0.72, from 2.09 in 2016Q1. The ratio turned negative, as 2 funds sold all Unifi, Inc. shares owned while 31 reduced positions. 27 funds bought stakes while 42 increased positions. They now own 14.56 million shares or 19.27% more from 12.21 million shares in 2016Q1.
Geode Cap Lc holds 162,888 shares or 0% of its portfolio. Principal Financial holds 0% of its portfolio in Unifi, Inc. (NYSE:UFI) for 105,450 shares. Us Bancorporation De accumulated 1 shares or 0% of the stock. Fifth Third Commercial Bank reported 90 shares or 0% of all its holdings. Hall Laurie J Trustee reported 270 shares or 0% of all its holdings. Deutsche Bankshares Ag accumulated 31,343 shares or 0% of the stock. First Fin In accumulated 1,125 shares or 0.02% of the stock. Teachers Retirement Systems Of The State Of Kentucky accumulated 5,600 shares or 0% of the stock. The California-based California Pub Employees Retirement Systems has invested 0% in Unifi, Inc. (NYSE:UFI). Qs Invsts Limited Liability Co holds 0% of its portfolio in Unifi, Inc. (NYSE:UFI) for 10 shares. Jpmorgan Chase Co accumulated 4,824 shares or 0% of the stock. Aqr Capital Mngmt Limited Liability Com has 24,157 shares for 0% of their US portfolio. Blackrock Fund Advsrs accumulated 1.03 million shares or 0.01% of the stock. Moreover, Oxford Asset Mngmt has 0.03% invested in Unifi, Inc. (NYSE:UFI) for 22,488 shares. Bnp Paribas Arbitrage Sa last reported 4,620 shares in the company.

Insider Transactions: Since July 29, 2016, the stock had 2 buys, and 8 sales for $1.67 million net activity. Another trade for 10,333 shares valued at $270,017 was sold by JASPER WILLIAM L. $170,710 worth of Unifi, Inc. (NYSE:UFI) was bought by MEAD JAMES D.. $133,638 worth of Unifi, Inc. (NYSE:UFI) was bought by KILTS JAMES M.

More important recent Unifi, Inc. (NYSE:UFI) news were published by: Journalnow.com which released: “Unifi discloses sudden departure of top two executives” on April 29, 2016, also Bizjournals.com published article titled: “Unifi hires new CFO”, Prnewswire.com published: “Unifi Announces Election of Paul R. Charron as a Director” on February 05, 2016. More interesting news about Unifi, Inc. (NYSE:UFI) was released by: Streetinsider.com and their article: “Unifi, Inc. (UFI) Elects New Board Member” with publication date: February 05, 2016.

UFI Company Profile

Unifi, Inc., incorporated on January 8, 1969, is a manufacturing company. The Firm processes and sells commodity yarns, specialized yarns and premier value-added (PVA) yarns. The Firm operates through three divisions: 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. Each polyester product is available in virgin or recycled varieties, where the recycled is made from both pre-consumer yarn waste and post-consumer waste, including plastic bottles. The Company’s nylon products include textured, solution dyed and spandex covered products. The Company’s principal geographic markets for its products are located in North America, Central America, South America and Asia.

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