UniFirst Corp. (NYSE:UNF) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $128.36 and last traded at $127.58, with a volume of 98,719 shares. The stock had previously closed at $126.47.

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

The stock has a 50-day moving average of $117.78 and a 200-day moving average of $111.79. The company has a market capitalization of $2.58 billion and a PE ratio of 21.78.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be issued a $0.0375 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%.

In other news, VP David A. Difillippo sold 1,267 shares of the firm’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 value of $146,313.16. Following the transaction, the vice president now owns 3,512 shares in the company, valued at $405,565.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David A. Difillippo sold 1,266 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $113.69, for a total value of $143,931.54. Following the completion of the transaction, the vice president now owns 3,512 shares in the company, valued at approximately $399,279.28. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently bought and sold shares of UNF. Wells Fargo & Company MN raised its position in UniFirst Corp. by 31.4% in the fourth quarter. Wells Fargo & Company MN now owns 89,451 shares of the company’s stock worth $9,321,000 after buying an additional 21,367 shares in the last quarter. Marshall Wace LLP increased 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 worth $2,314,000 after buying an additional 3,724 shares during the last quarter. Finally, State of Wisconsin Investment Board increased 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 worth $1,998,000 after buying an additional 573 shares during 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.