UniFirst Corp. (UNF) Hits New 1-Year High at $128.48
UniFirst Corp. (NYSE:UNF)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $128.48 and last traded at $128.31, with a volume of 48,687 shares changing hands. The stock had previously closed at $127.63.
A number of brokerages have recently commented on UNF. Robert W. Baird cut shares of UniFirst Corp. from an “outperform” rating to a “neutral” rating and cut their target price for the company from $125.00 to $121.00 in a report on Friday, July 1st. Zacks Investment Research cut shares of UniFirst Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 1st. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of UniFirst Corp. in a report on Thursday, June 30th.
The stock’s 50-day moving average is $119.61 and its 200 day moving average is $112.81. The stock has a market cap of $2.60 billion and a P/E ratio of 21.90.
UniFirst Corp. (NYSE:UNF) last announced its quarterly earnings data on Wednesday, June 29th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.14. During the same quarter last year, the business earned $1.61 earnings per share. The firm had revenue of $367 million for the quarter, compared to the consensus estimate of $366.38 million. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts anticipate that UniFirst Corp. will post $5.67 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.12%. The ex-dividend date is Wednesday, September 7th.
In other UniFirst Corp. news, CFO Steven S. Sintros sold 1,070 shares of the firm’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $113.16, for a total value of $121,081.20. Following the sale, the chief financial officer now directly owns 2,667 shares in the company, valued at $301,797.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David A. Difillippo sold 467 shares of the firm’s stock in a transaction on Monday, June 20th. The shares were sold at an average price of $113.48, for a total value of $52,995.16. Following the completion of the sale, the vice president now owns 3,824 shares in the company, valued at $433,947.52. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in UniFirst Corp. stock. Wells Fargo & Company MN increased its position in shares of UniFirst Corp. (NYSE:UNF) by 31.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 89,451 shares of the company’s stock after buying an additional 21,367 shares during the period. Wells Fargo & Company MN owned 0.44% of UniFirst Corp. worth $9,321,000 as of its most recent SEC filing.
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.