Unifirst Corporation (UNF) Given Consensus Recommendation of “Hold” by Brokerages
Unifirst Corporation (NYSE:UNF) has been given a consensus broker rating score of 2.67 (Hold) from the six analysts that provide coverage for the company, Zacks Investment Research reports. Five analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokers have set a one year consensus target price of $158.00 for the company and are anticipating that the company will post $1.41 EPS for the current quarter, according to Zacks. Zacks has also given Unifirst Corporation an industry rank of 223 out of 265 based on the ratings given to its competitors.
Several equities analysts have recently issued reports on UNF shares. Zacks Investment Research raised Unifirst Corporation from a “hold” rating to a “buy” rating and set a $162.00 target price for the company in a report on Wednesday, September 6th. Robert W. Baird increased their price objective on Unifirst Corporation from $163.00 to $171.00 and gave the company an “outperform” rating in a report on Thursday, October 19th. Finally, Northcoast Research reissued a “neutral” rating on shares of Unifirst Corporation in a report on Thursday, October 19th.
Shares of Unifirst Corporation (NYSE UNF) traded up $0.90 during trading on Friday, hitting $155.00. The stock had a trading volume of 84,100 shares, compared to its average volume of 56,505. The stock has a market capitalization of $3,124.38, a P/E ratio of 29.19, a PEG ratio of 2.93 and a beta of 0.74. Unifirst Corporation has a 12-month low of $124.85 and a 12-month high of $162.40.
Unifirst Corporation (NYSE:UNF) last released its earnings results on Wednesday, October 18th. The textile maker reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.20. The company had revenue of $403.60 million during the quarter, compared to analyst estimates of $392.15 million. Unifirst Corporation had a return on equity of 7.53% and a net margin of 4.40%. Unifirst Corporation’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.27 earnings per share. equities analysts forecast that Unifirst Corporation will post 5.26 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 8th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend is Thursday, December 7th. Unifirst Corporation’s dividend payout ratio (DPR) is 4.37%.
A number of hedge funds and other institutional investors have recently made changes to their positions in UNF. Riverhead Capital Management LLC boosted its holdings in shares of Unifirst Corporation by 83.2% in the second quarter. Riverhead Capital Management LLC now owns 1,099 shares of the textile maker’s stock worth $155,000 after acquiring an additional 499 shares during the period. Sei Investments Co. boosted its holdings in shares of Unifirst Corporation by 26,600.0% in the third quarter. Sei Investments Co. now owns 1,068 shares of the textile maker’s stock worth $162,000 after acquiring an additional 1,064 shares during the period. Huntington National Bank boosted its holdings in shares of Unifirst Corporation by 6.4% in the second quarter. Huntington National Bank now owns 1,285 shares of the textile maker’s stock worth $181,000 after acquiring an additional 77 shares during the period. Shelton Capital Management bought a new position in shares of Unifirst Corporation in the second quarter worth $216,000. Finally, KCG Holdings Inc. bought a new position in shares of Unifirst Corporation in the first quarter worth $235,000. 73.15% of the stock is owned by institutional investors and hedge funds.
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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.
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