UniFirst Corp (NYSE:UNF) major shareholder The Ronald D. Croatti Trust – 1 sold 2,200 shares of the company’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $149.57, for a total transaction of $329,054.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

UniFirst stock opened at $147.74 on Thursday. The firm has a market capitalization of $2.86 billion, a PE ratio of 19.83 and a beta of 0.75. UniFirst Corp has a fifty-two week low of $143.68 and a fifty-two week high of $193.05.

UniFirst (NYSE:UNF) last released its quarterly earnings results on Wednesday, October 17th. The textile maker reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.42. The firm had revenue of $434.10 million for the quarter, compared to analysts’ expectations of $421.45 million. UniFirst had a net margin of 9.33% and a return on equity of 8.54%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 earnings per share. On average, research analysts expect that UniFirst Corp will post 7.01 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Friday, December 7th will be issued a $0.1125 dividend. The ex-dividend date is Thursday, December 6th. This represents a $0.45 annualized dividend and a dividend yield of 0.30%. UniFirst’s payout ratio is currently 6.04%.

UNF has been the topic of several research analyst reports. Robert W. Baird set a $170.00 price target on shares of UniFirst and gave the stock a “buy” rating in a report on Thursday, October 18th. Zacks Investment Research cut shares of UniFirst from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, ValuEngine cut shares of UniFirst from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th.

Institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in UniFirst by 3.0% in the first quarter. Principal Financial Group Inc. now owns 121,125 shares of the textile maker’s stock valued at $19,580,000 after acquiring an additional 3,506 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in UniFirst by 13.8% in the second quarter. Xact Kapitalforvaltning AB now owns 2,479 shares of the textile maker’s stock valued at $439,000 after acquiring an additional 300 shares during the last quarter. Bank of Montreal Can bought a new position in UniFirst in the second quarter valued at $2,495,000. Nisa Investment Advisors LLC bought a new position in UniFirst in the second quarter valued at $1,432,000. Finally, Cornerstone Wealth Management LLC bought a new position in UniFirst in the second quarter valued at $701,000. 76.16% of the stock is currently owned by hedge funds and other institutional investors.

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UniFirst Company Profile

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Canada, and Europe. It operates through US Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. 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, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.

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