UniFirst Corp. (UNF) Stock Price Up 2.9%
UniFirst Corp. (NYSE:UNF)’s share price rose 2.9% on Tuesday . The stock traded as high as $124.93 and last traded at $123.34, with a volume of 138,664 shares trading hands. The stock had previously closed at $119.92.
UNF has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of UniFirst Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, April 20th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of UniFirst Corp. in a report on Thursday, June 30th. Finally, Robert W. Baird lowered shares of UniFirst Corp. from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $125.00 to $121.00 in a report on Friday, July 1st.
The stock’s 50 day moving average price is $116.84 and its 200-day moving average price is $111.20. The company has a market cap of $2.54 billion and a price-to-earnings ratio of 21.41.
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, beating the Zacks’ consensus estimate of $1.35 by $0.14. During the same quarter in the prior year, the business earned $1.61 EPS. The company earned $367 million during the quarter, compared to analysts’ expectations of $366.38 million. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts anticipate that UniFirst Corp. will post $5.67 earnings per share for the current fiscal year.
The business also recently declared 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 UniFirst Corp. news, VP David A. Difillippo sold 466 shares of the firm’s stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $110.43, for a total transaction of $51,460.38. Following the completion of the transaction, the vice president now directly owns 3,823 shares in the company, valued at approximately $422,173.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven S. Sintros sold 1,059 shares of the firm’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $111.00, for a total transaction of $117,549.00. Following the transaction, the chief financial officer now owns 2,667 shares of the company’s stock, valued at $296,037. The disclosure for this sale can be found here.
Other institutional investors have bought and sold shares of the company. State of Wisconsin Investment Board increased its position in 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 during the period. Marshall Wace LLP increased its position in 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 during the period. Wells Fargo & Company MN increased 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 valued at $9,321,000 after buying an additional 21,367 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in 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 during the period.
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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