Prudential Financial Inc. decreased its stake in shares of Unifirst Corporation (NYSE:UNF) by 0.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,618 shares of the textile maker’s stock after selling 10 shares during the period. Prudential Financial Inc. owned approximately 0.13% of Unifirst Corporation worth $3,745,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Trust Co. of Vermont bought a new stake in shares of Unifirst Corporation during the second quarter worth $149,000. Huntington National Bank grew its position in Unifirst Corporation by 6.4% in the second quarter. Huntington National Bank now owns 1,285 shares of the textile maker’s stock valued at $181,000 after purchasing an additional 77 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in Unifirst Corporation in the first quarter valued at $185,000. Citadel Advisors LLC bought a new position in Unifirst Corporation in the first quarter valued at $213,000. Finally, KCG Holdings Inc. bought a new position in Unifirst Corporation in the first quarter valued at $235,000. 73.47% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Prudential Financial Inc. Lowers Stake in Unifirst Corporation (UNF)” was reported by Daily Political and is owned by of Daily Political. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/09/22/prudential-financial-inc-lowers-stake-in-unifirst-corporation-unf.html.

Unifirst Corporation (UNF) opened at 144.75 on Friday. The company has a market cap of $2.93 billion, a P/E ratio of 26.67 and a beta of 0.70. The company has a 50-day moving average of $141.00 and a 200-day moving average of $139.18. Unifirst Corporation has a 52-week low of $116.67 and a 52-week high of $147.65.

Unifirst Corporation (NYSE:UNF) last announced its quarterly earnings results on Wednesday, June 28th. The textile maker reported $1.36 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.02. The business had revenue of $409.80 million during the quarter, compared to analyst estimates of $396.07 million. Unifirst Corporation had a net margin of 7.12% and a return on equity of 7.41%. Unifirst Corporation’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.49 EPS. On average, equities research analysts expect that Unifirst Corporation will post $4.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. Unifirst Corporation’s dividend payout ratio (DPR) is presently 2.77%.

UNF has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Unifirst Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. BidaskClub downgraded shares of Unifirst Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Robert W. Baird raised shares of Unifirst Corporation from a “neutral” rating to an “outperform” rating and raised their target price for the company from $145.00 to $163.00 in a research report on Thursday, June 29th.

Unifirst Corporation Company Profile

UniFirst Corporation 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.

Want to see what other hedge funds are holding UNF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unifirst Corporation (NYSE:UNF).

Institutional Ownership by Quarter for Unifirst Corporation (NYSE:UNF)

Receive News & Ratings for Unifirst Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unifirst Corporation and related companies with MarketBeat.com's FREE daily email newsletter.