Unifirst Corporation (NYSE:UNF) CFO Steven S. Sintros sold 1,087 shares of the firm’s stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $132.35, for a total value of $143,864.45. Following the completion of the sale, the chief financial officer now directly owns 2,667 shares of the company’s stock, valued at $352,977.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Unifirst Corporation (NYSE:UNF) opened at 132.90 on Friday. The stock has a 50 day moving average price of $142.21 and a 200-day moving average price of $129.09. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 22.99 and a beta of 0.79. Unifirst Corporation has a 12-month low of $96.90 and a 12-month high of $147.65.

Unifirst Corporation (NYSE:UNF) last issued its quarterly earnings results on Wednesday, January 4th. The company reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.58 by $0.20. Unifirst Corporation had a return on equity of 7.99% and a net margin of 7.92%. The company earned $386.10 million during the quarter, compared to the consensus estimate of $393.08 million. During the same period in the prior year, the firm earned $1.78 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities analysts predict that Unifirst Corporation will post $4.93 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Unifirst Corporation (NYSE:UNF)

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be given a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. Unifirst Corporation’s dividend payout ratio is currently 2.60%.

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Separately, Zacks Investment Research downgraded Unifirst Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, October 22nd.

Several hedge funds have recently modified their holdings of the company. M&T Bank Corp boosted its position in Unifirst Corporation by 0.4% in the third quarter. M&T Bank Corp now owns 2,291 shares of the company’s stock valued at $302,000 after buying an additional 10 shares during the period. FDx Advisors Inc. boosted its position in Unifirst Corporation by 0.4% in the second quarter. FDx Advisors Inc. now owns 2,999 shares of the company’s stock valued at $347,000 after buying an additional 12 shares during the period. ProShare Advisors LLC boosted its position in Unifirst Corporation by 1.0% in the second quarter. ProShare Advisors LLC now owns 2,191 shares of the company’s stock valued at $254,000 after buying an additional 22 shares during the period. Texas Permanent School Fund boosted its position in Unifirst Corporation by 0.4% in the third quarter. Texas Permanent School Fund now owns 11,737 shares of the company’s stock valued at $1,548,000 after buying an additional 47 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its position in Unifirst Corporation by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,390 shares of the company’s stock valued at $447,000 after buying an additional 60 shares during the period. 75.19% of the stock is currently owned by hedge funds and other institutional investors.

About Unifirst Corporation

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.

5 Day Chart for NYSE:UNF

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