UniFirst Corp (NYSE:UNF) VP Michael A. Croatti sold 1,202 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $170.26, for a total value of $204,652.52. Following the completion of the transaction, the vice president now directly owns 4,420 shares in the company, valued at approximately $752,549.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of UniFirst Corp (NYSE UNF) traded down $2.60 during trading on Friday, reaching $167.90. The company’s stock had a trading volume of 56,700 shares, compared to its average volume of 78,342. UniFirst Corp has a 52-week low of $124.85 and a 52-week high of $176.15. The firm has a market cap of $3,470.00, a P/E ratio of 44.89, a P/E/G ratio of 3.15 and a beta of 0.74.

UniFirst (NYSE:UNF) last issued its quarterly earnings results on Wednesday, January 3rd. The textile maker reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.19. UniFirst had a return on equity of 7.72% and a net margin of 4.69%. The firm had revenue of $415.80 million during the quarter, compared to the consensus estimate of $404.60 million. During the same period last year, the business posted $1.38 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. research analysts forecast that UniFirst Corp will post 5.41 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.0375 per share. The ex-dividend date is Thursday, March 8th. This represents a $0.15 dividend on an annualized basis and a yield of 0.09%. UniFirst’s payout ratio is currently 4.01%.

A number of institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its holdings in UniFirst by 0.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the textile maker’s stock worth $577,000 after acquiring an additional 36 shares during the period. Amalgamated Bank grew its holdings in UniFirst by 2.0% during the 2nd quarter. Amalgamated Bank now owns 2,086 shares of the textile maker’s stock worth $294,000 after acquiring an additional 40 shares during the period. Martin & Co. Inc. TN grew its holdings in UniFirst by 1.2% during the 2nd quarter. Martin & Co. Inc. TN now owns 9,499 shares of the textile maker’s stock worth $1,337,000 after acquiring an additional 115 shares during the period. M&T Bank Corp grew its holdings in UniFirst by 9.0% during the 2nd quarter. M&T Bank Corp now owns 3,868 shares of the textile maker’s stock worth $544,000 after acquiring an additional 321 shares during the period. Finally, Rhumbline Advisers grew its holdings in UniFirst by 1.3% during the 3rd quarter. Rhumbline Advisers now owns 34,040 shares of the textile maker’s stock worth $5,157,000 after acquiring an additional 432 shares during the period. Hedge funds and other institutional investors own 74.07% of the company’s stock.

UNF has been the subject of several analyst reports. Zacks Investment Research raised UniFirst from a “hold” rating to a “buy” rating and set a $189.00 target price for the company in a research report on Tuesday, December 26th. Northcoast Research reaffirmed a “neutral” rating on shares of UniFirst in a research report on Thursday, October 19th. Finally, Robert W. Baird raised their target price on UniFirst from $163.00 to $171.00 and gave the stock an “outperform” rating in a research report on Thursday, October 19th.

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About UniFirst

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.

Insider Buying and Selling by Quarter for UniFirst (NYSE:UNF)

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