Stone Ridge Asset Management LLC bought a new stake in UniFirst Corp (NYSE:UNF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,864 shares of the textile maker’s stock, valued at approximately $1,297,000.
Other hedge funds also recently bought and sold shares of the company. Strs Ohio lifted its stake in UniFirst by 100.0% in the 4th quarter. Strs Ohio now owns 800 shares of the textile maker’s stock valued at $131,000 after buying an additional 400 shares in the last quarter. Sei Investments Co. raised its holdings in UniFirst by 26,600.0% in the 3rd quarter. Sei Investments Co. now owns 1,068 shares of the textile maker’s stock valued at $162,000 after acquiring an additional 1,064 shares during the last quarter. CIBC Asset Management Inc acquired a new position in UniFirst in the 4th quarter valued at $235,000. Jefferies Group LLC acquired a new position in UniFirst in the 4th quarter valued at $297,000. Finally, Parametrica Management Ltd acquired a new position in UniFirst in the 4th quarter valued at $297,000. 73.95% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have weighed in on UNF shares. Zacks Investment Research upgraded UniFirst from a “hold” rating to a “buy” rating and set a $189.00 price target for the company in a report on Tuesday, December 26th. ValuEngine upgraded UniFirst from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. UniFirst has an average rating of “Hold” and an average target price of $180.00.
UniFirst Corp (NYSE UNF) opened at $157.60 on Friday. The firm has a market capitalization of $3,234.07, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 2.95 and a beta of 0.68. UniFirst Corp has a twelve month low of $132.35 and a twelve month high of $176.15.
UniFirst (NYSE:UNF) last issued its quarterly earnings results on Wednesday, January 3rd. The textile maker reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ 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%. UniFirst’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 EPS. research analysts expect that UniFirst Corp will post 5.41 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued a $0.0375 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.15 annualized dividend and a yield of 0.10%. UniFirst’s dividend payout ratio (DPR) is presently 4.03%.
In other news, VP David Martin Katz sold 1,060 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $168.15, for a total transaction of $178,239.00. Following the completion of the sale, the vice president now directly owns 2,667 shares in the company, valued at approximately $448,456.05. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David A. Difillippo sold 1,266 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $158.95, for a total value of $201,230.70. Following the sale, the vice president now owns 7,067 shares of the company’s stock, valued at $1,123,299.65. The disclosure for this sale can be found here. Insiders sold a total of 4,906 shares of company stock valued at $799,645 over the last quarter. 1.00% of the stock is currently owned by insiders.
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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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