UniFirst (NYSE:UNF) insider Steven S. Sintros sold 902 shares of the business’s stock in a transaction dated Wednesday, May 23rd. The stock was sold at an average price of $172.65, for a total transaction of $155,730.30. Following the transaction, the insider now owns 5,689 shares in the company, valued at $982,205.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
UniFirst opened at $175.75 on Friday, MarketBeat reports. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 33.29, a PEG ratio of 2.85 and a beta of 0.61. UniFirst has a 1-year low of $135.95 and a 1-year high of $178.02.
UniFirst (NYSE:UNF) last posted its earnings results on Wednesday, March 28th. The textile maker reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.31. The company had revenue of $419.30 million for the quarter, compared to analyst estimates of $405.64 million. UniFirst had a net margin of 6.79% and a return on equity of 7.95%. UniFirst’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 EPS. equities research analysts predict that UniFirst will post 6.14 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 8th will be issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 0.26%. This is a positive change from UniFirst’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Thursday, June 7th. UniFirst’s payout ratio is presently 2.84%.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of UniFirst from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Robert W. Baird restated a “buy” rating and set a $183.00 price target on shares of UniFirst in a research report on Thursday, March 29th. Barrington Research restated a “hold” rating on shares of UniFirst in a research report on Thursday, March 29th. Finally, ValuEngine upgraded shares of UniFirst from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $186.00.
A number of large investors have recently bought and sold shares of the business. Sei Investments Co. boosted its holdings in UniFirst by 24.7% in the 1st quarter. Sei Investments Co. now owns 1,519 shares of the textile maker’s stock valued at $245,000 after purchasing an additional 301 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in UniFirst by 5.8% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 6,180 shares of the textile maker’s stock valued at $999,000 after purchasing an additional 340 shares during the last quarter. Comerica Bank boosted its holdings in UniFirst by 2.3% in the 1st quarter. Comerica Bank now owns 16,427 shares of the textile maker’s stock valued at $2,660,000 after purchasing an additional 369 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in UniFirst by 2.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 20,194 shares of the textile maker’s stock valued at $3,262,000 after purchasing an additional 395 shares during the last quarter. Finally, Strs Ohio boosted its holdings 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 purchasing an additional 400 shares during the last quarter. Institutional investors own 71.73% of the company’s stock.
UniFirst Company Profile
UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Canada, and Europe. It operates through US Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. 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, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.
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