Robert W. Baird Raises Unifirst Corporation (UNF) Price Target to $171.00

Unifirst Corporation (NYSE:UNF) had its price target boosted by stock analysts at Robert W. Baird from $163.00 to $171.00 in a research note issued on Thursday. The brokerage presently has an “outperform” rating on the textile maker’s stock. Robert W. Baird’s price objective would indicate a potential upside of 9.93% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Unifirst Corporation from a “hold” rating to a “buy” rating and set a $162.00 price target on the stock in a research note on Wednesday, September 6th. BidaskClub cut shares of Unifirst Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th.

Unifirst Corporation (NYSE:UNF) traded down 1.11% during trading on Thursday, hitting $155.55. 49,959 shares of the stock traded hands. The stock has a 50 day moving average price of $149.09 and a 200-day moving average price of $141.88. The stock has a market cap of $3.15 billion, a P/E ratio of 28.66 and a beta of 0.70. Unifirst Corporation has a 52-week low of $116.90 and a 52-week high of $160.63.

Unifirst Corporation (NYSE:UNF) last released its quarterly earnings results on Wednesday, October 18th. The textile maker reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.20. Unifirst Corporation had a net margin of 7.12% and a return on equity of 7.41%. The firm had revenue of $403.60 million for the quarter, compared to analysts’ expectations of $392.15 million. During the same quarter last year, the company earned $1.27 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts anticipate that Unifirst Corporation will post $4.93 EPS for the current fiscal year.

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Hedge funds have recently made changes to their positions in the business. Trust Co. of Vermont purchased a new position in Unifirst Corporation in the 2nd quarter valued at $149,000. Riverhead Capital Management LLC lifted its holdings in Unifirst Corporation by 83.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,099 shares of the textile maker’s stock valued at $155,000 after purchasing an additional 499 shares in the last quarter. Huntington National Bank lifted its holdings in Unifirst Corporation by 6.4% in the 2nd quarter. Huntington National Bank now owns 1,285 shares of the textile maker’s stock valued at $181,000 after purchasing an additional 77 shares in the last quarter. Citadel Advisors LLC purchased a new position in Unifirst Corporation in the 1st quarter valued at $213,000. Finally, Shelton Capital Management purchased a new position in Unifirst Corporation in the 2nd quarter valued at $216,000. Institutional investors own 73.47% of the company’s stock.

Unifirst Corporation Company Profile

UniFirst Corporation is a provider of workplace uniforms

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Unifirst Corporation from a “hold” rating to a “buy” rating and set a $162.00 price target on the stock in a research note on Wednesday, September 6th. BidaskClub cut shares of Unifirst Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th.

Unifirst Corporation (NYSE:UNF) traded down 1.11% during trading on Thursday, hitting $155.55. 49,959 shares of the stock traded hands. The stock has a 50 day moving average price of $149.09 and a 200-day moving average price of $141.88. The stock has a market cap of $3.15 billion, a P/E ratio of 28.66 and a beta of 0.70. Unifirst Corporation has a 52-week low of $116.90 and a 52-week high of $160.63.

Unifirst Corporation (NYSE:UNF) last released its quarterly earnings results on Wednesday, October 18th. The textile maker reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.20. Unifirst Corporation had a net margin of 7.12% and a return on equity of 7.41%. The firm had revenue of $403.60 million for the quarter, compared to analysts’ expectations of $392.15 million. During the same quarter last year, the company earned $1.27 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts anticipate that Unifirst Corporation will post $4.93 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/19/robert-w-baird-raises-unifirst-corporation-unf-price-target-to-171-00.html.

Hedge funds have recently made changes to their positions in the business. Trust Co. of Vermont purchased a new position in Unifirst Corporation in the 2nd quarter valued at $149,000. Riverhead Capital Management LLC lifted its holdings in Unifirst Corporation by 83.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,099 shares of the textile maker’s stock valued at $155,000 after purchasing an additional 499 shares in the last quarter. Huntington National Bank lifted its holdings in Unifirst Corporation by 6.4% in the 2nd quarter. Huntington National Bank now owns 1,285 shares of the textile maker’s stock valued at $181,000 after purchasing an additional 77 shares in the last quarter. Citadel Advisors LLC purchased a new position in Unifirst Corporation in the 1st quarter valued at $213,000. Finally, Shelton Capital Management purchased a new position in Unifirst Corporation in the 2nd quarter valued at $216,000. Institutional investors own 73.47% of the company’s stock.

Unifirst Corporation Company Profile

UniFirst Corporation is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments.

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