50,492 Shares in UniFirst Corporation $UNF Acquired by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC purchased a new stake in UniFirst Corporation (NYSE:UNF) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 50,492 shares of the textile maker’s stock, valued at approximately $8,442,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. acquired a new position in shares of UniFirst in the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC raised its stake in UniFirst by 378.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 153 shares of the textile maker’s stock worth $29,000 after acquiring an additional 121 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in UniFirst by 474.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 155 shares of the textile maker’s stock worth $27,000 after acquiring an additional 128 shares in the last quarter. Cornerstone Planning Group LLC purchased a new stake in UniFirst in the third quarter valued at $36,000. Finally, Brown Brothers Harriman & Co. lifted its position in UniFirst by 1,244.0% in the third quarter. Brown Brothers Harriman & Co. now owns 336 shares of the textile maker’s stock valued at $56,000 after acquiring an additional 311 shares during the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP David Martin Katz sold 1,464 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $237.54, for a total value of $347,758.56. Following the completion of the transaction, the vice president directly owned 6,461 shares of the company’s stock, valued at $1,534,745.94. This trade represents a 18.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.86% of the stock is owned by insiders.

Wall Street Analyst Weigh In

UNF has been the topic of several research reports. Robert W. Baird set a $198.00 price objective on UniFirst in a report on Thursday, January 8th. Barclays boosted their target price on UniFirst from $250.00 to $280.00 and gave the company an “equal weight” rating in a report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of UniFirst in a research report on Wednesday, January 21st. Zacks Research upgraded UniFirst from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, UBS Group boosted their price objective on UniFirst from $182.00 to $206.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $214.75.

UniFirst Trading Up 0.1%

UNF stock opened at $273.29 on Friday. The company has a market cap of $4.94 billion, a P/E ratio of 36.15 and a beta of 0.69. UniFirst Corporation has a 52 week low of $147.66 and a 52 week high of $283.77. The company’s 50-day moving average price is $224.01 and its 200 day moving average price is $189.28.

UniFirst (NYSE:UNF) last issued its earnings results on Wednesday, January 7th. The textile maker reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.16). UniFirst had a net margin of 5.70% and a return on equity of 6.68%. The company had revenue of $621.32 million during the quarter, compared to analysts’ expectations of $615.23 million. During the same period last year, the business posted $2.31 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. UniFirst has set its FY 2026 guidance at 6.580-6.980 EPS. On average, equities research analysts expect that UniFirst Corporation will post 7.71 earnings per share for the current year.

UniFirst Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be issued a $0.365 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 0.5%. UniFirst’s dividend payout ratio is currently 19.31%.

UniFirst Profile

UniFirst Corporation (NYSE: UNF) is a leading provider of customized uniform rental and facility service programs in North America and Europe. The company specializes in the rental, laundering and maintenance of workwear, corporate apparel and protective garments for a broad range of industries, including manufacturing, automotive, hospitality, healthcare and food processing. UniFirst also offers a suite of facility service products such as entrance mats, restroom supplies, wipers, mops and hygienic services designed to help customers maintain clean and safe environments.

In addition to its core uniform rental business, UniFirst has expanded its product portfolio to include safety and first-responder gear, flame-resistant clothing, high-visibility apparel and personal protective equipment (PPE).