UniFirst Corp. (NYSE:UNF)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $119.09 and last traded at $119.05, with a volume of 27,048 shares changing hands. The stock had previously closed at $118.02.

A number of equities analysts have issued reports on UNF shares. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of UniFirst Corp. in a research note on Thursday, June 30th. Zacks Investment Research cut shares of UniFirst Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 1st. Finally, Robert W. Baird cut shares of UniFirst Corp. from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $125.00 to $121.00 in a research report on Friday, July 1st.

The stock has a market cap of $2.41 billion and a P/E ratio of 20.29. The firm has a 50-day moving average price of $115.37 and a 200 day moving average price of $110.54.

UniFirst Corp. (NYSE:UNF) last issued its quarterly earnings results on Wednesday, June 29th. The company reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.14. During the same period last year, the company posted $1.61 EPS. The firm had revenue of $367 million for the quarter, compared to the consensus estimate of $366.38 million. The business’s revenue was up .6% on a year-over-year basis. Equities analysts anticipate that UniFirst Corp. will post $5.67 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date is Wednesday, September 7th.

In related news, VP David A. Difillippo sold 466 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $110.43, for a total transaction of $51,460.38. Following the completion of the transaction, the vice president now directly owns 3,823 shares in the company, valued at approximately $422,173.89. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David A. Difillippo sold 1,267 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $115.48, for a total transaction of $146,313.16. Following the transaction, the vice president now owns 3,512 shares of the company’s stock, valued at $405,565.76. The disclosure for this sale can be found here.

Other institutional investors have made changes to their positions in the company. Rhumbline Advisers boosted its position in shares of UniFirst Corp. by 1.1% in the fourth quarter. Rhumbline Advisers now owns 27,337 shares of the company’s stock valued at $2,849,000 after buying an additional 299 shares during the period. State of Wisconsin Investment Board boosted its position in shares of UniFirst Corp. by 3.1% in the fourth quarter. State of Wisconsin Investment Board now owns 19,176 shares of the company’s stock valued at $1,998,000 after buying an additional 573 shares during the period. Bank of Montreal Can boosted its position in shares of UniFirst Corp. by 608.0% in the fourth quarter. Bank of Montreal Can now owns 47,056 shares of the company’s stock valued at $4,904,000 after buying an additional 40,410 shares during the period. Wells Fargo & Company MN boosted its position in shares of UniFirst Corp. by 31.4% in the fourth quarter. Wells Fargo & Company MN now owns 89,451 shares of the company’s stock valued at $9,321,000 after buying an additional 21,367 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of UniFirst Corp. by 2.4% in the fourth quarter. New York State Common Retirement Fund now owns 16,699 shares of the company’s stock valued at $1,740,000 after buying an additional 387 shares during the period.

UniFirst Corporation (UniFirst) 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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