UniFirst Corp. (UNF) Hits New 1-Year High at $128.36
UniFirst Corp. (NYSE:UNF)’s share price reached 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 trading hands. The stock had previously closed at $126.47.
A number of brokerages recently issued reports on UNF. Zacks Investment Research raised UniFirst Corp. from a “sell” rating to a “hold” rating in a report on Saturday, April 30th. JPMorgan Chase & Co. reissued a “hold” rating on shares of UniFirst Corp. in a report on Thursday, June 30th. Finally, Robert W. Baird lowered UniFirst Corp. from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $125.00 to $121.00 in a report on Friday, July 1st.
The stock has a 50-day moving average price of $118.40 and a 200 day moving average price of $112.11. The firm has a market capitalization of $2.57 billion and a price-to-earnings ratio of 21.65.
UniFirst Corp. (NYSE:UNF) last posted its quarterly earnings data on Wednesday, June 29th. The company reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.14. The firm had revenue of $367 million for the quarter, compared to analyst estimates of $366.38 million. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.61 EPS. On average, equities research 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. Investors of record on Friday, September 9th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date is Wednesday, September 7th.
In related news, VP David A. Difillippo sold 467 shares of the firm’s stock in a transaction that occurred on Monday, June 20th. The shares were sold at an average price of $113.48, for a total value of $52,995.16. Following the completion of the sale, the vice president now owns 3,824 shares of the company’s stock, valued at $433,947.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David A. Difillippo sold 1,267 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $109.00, for a total transaction of $138,103.00. Following the completion of the sale, the vice president now directly owns 3,513 shares of the company’s stock, valued at approximately $382,917. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in UniFirst Corp. stock. Wells Fargo & Company MN increased its position in shares of UniFirst Corp. (NYSE:UNF) by 31.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,451 shares of the company’s stock after buying an additional 21,367 shares during the period. Wells Fargo & Company MN owned 0.44% of UniFirst Corp. worth $9,321,000 as of its most recent SEC filing.
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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