UniFirst Corp. (NYSE:UNF) was up 2.9% during trading on Tuesday . The stock traded as high as $124.93 and last traded at $123.34, with a volume of 138,664 shares traded. The stock had previously closed at $119.92.

Several equities research analysts have commented on UNF shares. Zacks Investment Research lowered UniFirst Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, April 20th. JPMorgan Chase & Co. restated a “hold” rating on shares of UniFirst Corp. in a research note on Thursday, June 30th. Finally, Robert W. Baird lowered UniFirst Corp. from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $125.00 to $121.00 in a research note on Friday, July 1st.

The firm has a 50 day moving average of $115.77 and a 200 day moving average of $110.97. The company has a market capitalization of $2.50 billion and a P/E ratio of 21.102.

UniFirst Corp. (NYSE:UNF) last issued its earnings results on Wednesday, June 29th. The company reported $1.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.14. The business earned $367 million during the quarter, compared to analyst estimates of $366.38 million. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $1.61 EPS. On average, analysts expect that UniFirst Corp. will post $5.67 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be given a $0.0375 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $0.15 annualized dividend and a dividend yield of 0.13%.

In other news, VP David A. Difillippo sold 466 shares of the firm’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $110.43, for a total value of $51,460.38. Following the completion of the sale, the vice president now owns 3,823 shares of the company’s stock, valued at $422,173.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Steven S. Sintros sold 1,059 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $111.00, for a total value of $117,549.00. Following the completion of the sale, the chief financial officer now directly owns 2,667 shares of the company’s stock, valued at approximately $296,037. The disclosure for this sale can be found here.

Several hedge funds have recently made changes to their positions in the company. State of Wisconsin Investment Board raised its stake 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 in the last quarter. Wells Fargo & Company MN raised its stake 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 in the last quarter. Marshall Wace LLP raised its stake in shares of 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. Finally, Dimensional Fund Advisors LP raised its stake in shares of UniFirst Corp. by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 743,470 shares of the company’s stock valued at $77,471,000 after buying an additional 34,328 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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