UniFirst Corp. (UNF) Hits New 1-Year High at $125.80
UniFirst Corp. (NYSE:UNF) shares 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.
A number of research analysts have recently commented on UNF shares. JPMorgan Chase & Co. reissued a “hold” rating on shares of UniFirst Corp. in a report on Thursday, June 30th. Zacks Investment Research cut shares of UniFirst Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 1st. Finally, Robert W. Baird lowered shares of UniFirst Corp. from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $125.00 to $121.00 in a report on Friday, July 1st.
The firm has a market capitalization of $2.55 billion and a price-to-earnings ratio of 21.51. The stock’s 50-day moving average price is $117.16 and its 200 day moving average price is $111.31.
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, beating the Zacks’ consensus estimate of $1.35 by $0.14. During the same quarter in the prior year, the firm posted $1.61 earnings per share. The firm earned $367 million during the quarter, compared to the consensus estimate of $366.38 million. The company’s revenue was up .6% on a year-over-year basis. Equities research analysts expect that UniFirst Corp. will post $5.67 earnings per share for the current 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 $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Wednesday, September 7th.
In other UniFirst Corp. news, VP David A. Difillippo sold 467 shares of UniFirst Corp. stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $113.48, for a total transaction of $52,995.16. Following the completion of the transaction, the vice president now owns 3,824 shares of the company’s stock, valued at approximately $433,947.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David A. Difillippo sold 1,267 shares of UniFirst Corp. stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $115.48, for a total value of $146,313.16. Following the transaction, the vice president now directly owns 3,512 shares of the company’s stock, valued at approximately $405,565.76. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised 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 worth $77,471,000 after buying an additional 34,328 shares during the last quarter. Wells Fargo & Company MN raised its position 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 valued at $9,321,000 after buying an additional 21,367 shares during the last quarter. Marshall Wace LLP raised its position 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 valued at $2,314,000 after buying an additional 3,724 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its position 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 valued at $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.
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