UniFirst Corp (NYSE:UNF) VP Michael A. Croatti sold 1,202 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $170.26, for a total value of $204,652.52. Following the transaction, the vice president now directly owns 4,420 shares in the company, valued at approximately $752,549.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of UniFirst Corp (NYSE:UNF) traded up $1.75 during mid-day trading on Friday, hitting $150.70. The company’s stock had a trading volume of 58,587 shares, compared to its average volume of 74,276. UniFirst Corp has a 52 week low of $127.20 and a 52 week high of $176.15. The company has a market cap of $3,057.55, a P/E ratio of 40.51, a P/E/G ratio of 2.79 and a beta of 0.64.
UniFirst (NYSE:UNF) last announced its quarterly earnings data on Wednesday, January 3rd. The textile maker reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.19. The company had revenue of $415.80 million during the quarter, compared to the consensus estimate of $404.60 million. UniFirst had a return on equity of 7.72% and a net margin of 4.69%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $1.38 EPS. sell-side analysts anticipate that UniFirst Corp will post 5.41 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be given a dividend of $0.0375 per share. The ex-dividend date is Thursday, March 8th. This represents a $0.15 annualized dividend and a dividend yield of 0.10%. UniFirst’s dividend payout ratio (DPR) is presently 4.03%.
Several institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new position in shares of UniFirst during the 4th quarter worth approximately $1,694,000. Virtu Financial LLC bought a new position in UniFirst in the 4th quarter valued at $313,000. BlackRock Inc. raised its position in UniFirst by 3.2% in the 4th quarter. BlackRock Inc. now owns 1,948,654 shares of the textile maker’s stock valued at $321,334,000 after purchasing an additional 60,478 shares during the last quarter. Rhumbline Advisers raised its position in UniFirst by 14.3% in the 4th quarter. Rhumbline Advisers now owns 38,893 shares of the textile maker’s stock valued at $6,413,000 after purchasing an additional 4,853 shares during the last quarter. Finally, Arizona State Retirement System raised its position in UniFirst by 226.6% in the 4th quarter. Arizona State Retirement System now owns 25,984 shares of the textile maker’s stock valued at $4,285,000 after purchasing an additional 18,027 shares during the last quarter. Institutional investors and hedge funds own 72.97% of the company’s stock.
A number of analysts have issued reports on UNF shares. Zacks Investment Research raised UniFirst from a “hold” rating to a “buy” rating and set a $189.00 target price on the stock in a report on Tuesday, December 26th. Robert W. Baird raised their target price on UniFirst from $163.00 to $171.00 and gave the company an “outperform” rating in a report on Thursday, October 19th. Finally, Northcoast Research reiterated a “neutral” rating on shares of UniFirst in a research report on Thursday, October 19th.
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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