UniFirst Corp. (UNF) Sets New 52-Week High at $125.80
UniFirst Corp. (NYSE:UNF)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $125.80 and last traded at $125.47, with a volume of 125,434 shares. The stock had previously closed at $123.64.
Several brokerages have recently issued reports on UNF. Zacks Investment Research raised UniFirst Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, May 25th. Robert W. Baird lowered UniFirst Corp. from an “outperform” rating to a “neutral” rating and cut their price target for the company from $125.00 to $121.00 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 stock’s 50-day moving average is $116.27 and its 200 day moving average is $111.10. The stock has a market cap of $2.54 billion and a price-to-earnings ratio of 21.43.
UniFirst Corp. (NYSE:UNF) last posted its quarterly earnings data on Wednesday, June 29th. The company reported $1.49 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.14. The company had revenue of $367 million for the quarter, compared to the consensus estimate of $366.38 million. During the same quarter last year, the business earned $1.61 EPS. UniFirst Corp.’s revenue was up .6% on a year-over-year basis. On average, equities research analysts forecast that UniFirst Corp. will post $5.67 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%.
In other news, VP David A. Difillippo sold 1,267 shares of UniFirst Corp. stock in a transaction 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 approximately $405,565.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David A. Difillippo sold 466 shares of the business’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 sale, the vice president now owns 3,823 shares in the company, valued at approximately $422,173.89. The disclosure for this sale can be found here.
A number of large investors have recently modified their holdings of UNF. 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 worth $77,471,000 after buying an additional 34,328 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 worth $2,314,000 after buying an additional 3,724 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 worth $9,321,000 after buying an additional 21,367 shares in the last quarter. Finally, 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 worth $1,998,000 after buying an additional 573 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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