UniFirst Corp. (UNF) Hits New 12-Month High at $128.36
UniFirst Corp. (NYSE:UNF) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $128.36 and last traded at $127.58, with a volume of 98,719 shares. The stock had previously closed at $126.47.
Several brokerages recently commented on UNF. Robert W. Baird cut UniFirst Corp. from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $125.00 to $121.00 in a research report on Friday, July 1st. Zacks Investment Research raised UniFirst Corp. from a “sell” rating to a “hold” rating in a research report on Saturday, April 30th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of UniFirst Corp. in a research report on Thursday, June 30th.
The stock has a 50-day moving average of $117.78 and a 200-day moving average of $111.79. The company has a market capitalization of $2.58 billion and a PE ratio of 21.78.
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, topping the consensus estimate of $1.35 by $0.14. During the same quarter in the previous year, the company posted $1.61 EPS. The firm earned $367 million during the quarter, compared to the consensus estimate of $366.38 million. The firm’s revenue was up .6% on a year-over-year basis. Equities research analysts anticipate that UniFirst Corp. will post $5.67 EPS for the current fiscal year.
The business also recently announced 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 news, VP David A. Difillippo sold 1,267 shares of the firm’s stock in a transaction that occurred 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 $405,565.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David A. Difillippo sold 1,266 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $113.69, for a total value of $143,931.54. Following the completion of the transaction, the vice president now owns 3,512 shares in the company, valued at approximately $399,279.28. The disclosure for this sale can be found here.
Several hedge funds and institutional investors recently bought and sold shares of UNF. Wells Fargo & Company MN raised 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 worth $9,321,000 after buying an additional 21,367 shares in the last quarter. Marshall Wace LLP increased 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 during the last quarter. Finally, State of Wisconsin Investment Board increased 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 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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