UniFirst Co. (NYSE:UNF - Get Free Report) VP Michael A. Croatti sold 1,800 shares of the company's stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $169.00, for a total transaction of $304,200.00. Following the completion of the transaction, the vice president now owns 5,747 shares of the company's stock, valued at approximately $971,243. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
UniFirst Stock Performance
Shares of UNF opened at $176.04 on Thursday. UniFirst Co. has a 1 year low of $149.58 and a 1 year high of $187.22. The company's 50 day simple moving average is $160.26 and its 200 day simple moving average is $167.22. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 28.81 and a beta of 0.85.
UniFirst (NYSE:UNF - Get Free Report) last posted its quarterly earnings data on Wednesday, March 27th. The textile maker reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.19). The business had revenue of $590.71 million for the quarter, compared to analyst estimates of $587.56 million. UniFirst had a return on equity of 6.19% and a net margin of 4.92%. Equities analysts expect that UniFirst Co. will post 7.48 EPS for the current fiscal year.
UniFirst Announces Dividend
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, June 7th. UniFirst's dividend payout ratio is currently 21.60%.
Analyst Ratings Changes
A number of brokerages recently weighed in on UNF. StockNews.com upgraded shares of UniFirst from a "hold" rating to a "buy" rating in a research note on Tuesday, May 21st. Robert W. Baird boosted their price objective on shares of UniFirst from $185.00 to $199.00 and gave the stock a "neutral" rating in a report on Thursday. Barclays raised their price target on UniFirst from $160.00 to $180.00 and gave the company an "equal weight" rating in a research report on Thursday, February 29th. Finally, UBS Group lifted their price objective on UniFirst from $184.00 to $186.00 and gave the stock a "neutral" rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, UniFirst currently has an average rating of "Hold" and an average price target of $181.25.
Check Out Our Latest Report on UNF
Institutional Investors Weigh In On UniFirst
Several hedge funds have recently modified their holdings of the stock. Eagle Bay Advisors LLC boosted its holdings in shares of UniFirst by 78.1% in the 4th quarter. Eagle Bay Advisors LLC now owns 171 shares of the textile maker's stock valued at $31,000 after purchasing an additional 75 shares during the last quarter. Covestor Ltd increased its stake in UniFirst by 69.7% during the first quarter. Covestor Ltd now owns 414 shares of the textile maker's stock worth $72,000 after acquiring an additional 170 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of UniFirst in the 4th quarter valued at about $80,000. Quest Partners LLC acquired a new stake in UniFirst during the 4th quarter worth approximately $82,000. Finally, Orion Capital Management LLC purchased a new position in UniFirst in the third quarter valued at approximately $99,000. 78.17% of the stock is owned by institutional investors and hedge funds.
About UniFirst
(
Get Free Report)
UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.
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