Unifirst Corporation (UNF) Shares Sold by Tweedy Browne Co. LLC
Tweedy Browne Co. LLC decreased its position in Unifirst Corporation (NYSE:UNF) by 30.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,016 shares of the textile maker’s stock after selling 16,116 shares during the period. Tweedy Browne Co. LLC owned approximately 0.18% of Unifirst Corporation worth $5,067,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in UNF. Trust Co. of Vermont acquired a new position in shares of Unifirst Corporation in the 2nd quarter valued at $149,000. Riverhead Capital Management LLC grew its holdings in shares of Unifirst Corporation by 83.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,099 shares of the textile maker’s stock valued at $155,000 after buying an additional 499 shares during the period. Huntington National Bank grew its holdings in shares of Unifirst Corporation by 6.4% in the 2nd quarter. Huntington National Bank now owns 1,285 shares of the textile maker’s stock valued at $181,000 after buying an additional 77 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Unifirst Corporation in the 1st quarter valued at $185,000. Finally, Citadel Advisors LLC acquired a new position in shares of Unifirst Corporation in the 1st quarter valued at $213,000. 73.47% of the stock is owned by institutional investors.
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Unifirst Corporation (NYSE:UNF) traded down 0.41% during midday trading on Friday, reaching $144.15. 67,844 shares of the company traded hands. The company has a 50 day moving average of $141.00 and a 200-day moving average of $139.18. The stock has a market capitalization of $2.92 billion, a P/E ratio of 26.56 and a beta of 0.70. Unifirst Corporation has a 12-month low of $116.67 and a 12-month high of $147.65.
Unifirst Corporation (NYSE:UNF) last posted its quarterly earnings results on Wednesday, June 28th. The textile maker reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.02. The business had revenue of $409.80 million during the quarter, compared to analysts’ expectations of $396.07 million. Unifirst Corporation had a net margin of 7.12% and a return on equity of 7.41%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the company posted $1.49 earnings per share. Equities analysts anticipate that Unifirst Corporation will post $4.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date of this dividend is Thursday, September 7th. Unifirst Corporation’s payout ratio is 2.77%.
Several brokerages have recently issued reports on UNF. Zacks Investment Research raised shares of Unifirst Corporation from a “hold” rating to a “buy” rating and set a $162.00 price target for the company in a report on Wednesday, September 6th. Robert W. Baird raised shares of Unifirst Corporation from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $145.00 to $163.00 in a report on Thursday, June 29th. Finally, BidaskClub lowered shares of Unifirst Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th.
Unifirst Corporation 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.
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