UniFirst Corp. (NYSE:UNF) hit a new 52-week high on Thursday . The stock traded as high as $119.09 and last traded at $119.05, with a volume of 27,048 shares. The stock had previously closed at $118.02.

Several brokerages recently weighed in on UNF. Robert W. Baird downgraded shares of UniFirst Corp. from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $125.00 to $121.00 in a research note on Friday, July 1st. Zacks Investment Research downgraded shares of UniFirst Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 1st. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of UniFirst Corp. in a research note on Thursday, June 30th.

The firm has a market cap of $2.42 billion and a PE ratio of 20.43. The firm has a 50 day moving average of $115.50 and a 200 day moving average of $110.68.

UniFirst Corp. (NYSE:UNF) last issued its quarterly earnings results on Wednesday, June 29th. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.14. The firm had revenue of $367 million for the quarter, compared to analysts’ expectations of $366.38 million. During the same quarter last year, the firm earned $1.61 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts predict that UniFirst Corp. will post $5.67 earnings per share for the current year.

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

In other news, VP David A. Difillippo sold 466 shares of UniFirst Corp. stock in a transaction dated 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 sale, the vice president now directly owns 3,823 shares in the company, valued at $422,173.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David A. Difillippo sold 1,267 shares of UniFirst Corp. stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $115.48, for a total transaction of $146,313.16. Following the sale, 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.

Several large investors recently added to or reduced their stakes in the company. State of Wisconsin Investment Board boosted its stake in 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 in the last quarter. Marshall Wace LLP boosted its stake in UniFirst Corp. by 20.1% in the fourth quarter. Marshall Wace LLP now owns 22,208 shares of the company’s stock valued at $2,314,000 after buying an additional 3,724 shares in the last quarter. Rhumbline Advisers boosted its stake in 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 in the last quarter. Bank of Montreal Can boosted its stake in 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 in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in 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 in the last quarter.

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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