UniFirst Corp. (UNF) Hits New 1-Year High at $130.50
UniFirst Corp. (NYSE:UNF) shares hit a new 52-week high during trading on Monday . The stock traded as high as $130.50 and last traded at $130.44, with a volume of 82,900 shares traded. The stock had previously closed at $128.54.
Several research analysts recently commented on UNF shares. JPMorgan Chase & Co. reiterated a “hold” rating on shares of UniFirst Corp. in a report on Thursday, June 30th. Zacks Investment Research downgraded shares of UniFirst Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 1st. Finally, Robert W. Baird downgraded shares of UniFirst Corp. from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $125.00 to $121.00 in a report on Friday, July 1st.
The company has a market cap of $2.64 billion and a P/E ratio of 22.27. The stock has a 50-day moving average of $120.80 and a 200-day moving average of $113.24.
UniFirst Corp. (NYSE:UNF) last released its quarterly earnings results on Wednesday, June 29th. The company reported $1.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.14. The company earned $367 million during the quarter, compared to analyst estimates of $366.38 million. During the same quarter last year, the company earned $1.61 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Analysts forecast that UniFirst Corp. will post $5.67 earnings per share for the current 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. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend is Wednesday, September 7th.
In related news, VP David A. Difillippo sold 467 shares of the stock in a transaction on Monday, June 20th. The shares were 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 in the company, valued at $433,947.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David A. Difillippo sold 1,267 shares of the stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $115.48, for a total transaction of $146,313.16. Following the transaction, the vice president now owns 3,512 shares of the company’s stock, valued at approximately $405,565.76. The disclosure for this sale can be found here.
An institutional investor recently raised its position in UniFirst Corp. stock. Wells Fargo & Company MN raised its stake in UniFirst Corp. (NYSE:UNF) by 31.4% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 89,451 shares of the company’s stock after buying an additional 21,367 shares during the period. Wells Fargo & Company MN owned approximately 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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