Insider Selling: UniFirst Corp (NYSE:UNF) VP Sells 1,202 Shares of Stock

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.

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About UniFirst

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.

Insider Buying and Selling by Quarter for UniFirst (NYSE:UNF)

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