Shares of UniFirst Corp (NYSE:UNF) have earned a consensus broker rating score of 2.67 (Hold) from the six brokers that cover the company, Zacks Investment Research reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a one year consensus target price of $181.00 for the company and are anticipating that the company will post $1.07 EPS for the current quarter, according to Zacks. Zacks has also assigned UniFirst an industry rank of 22 out of 265 based on the ratings given to related companies.
A number of analysts have recently weighed in on UNF shares. Zacks Investment Research upgraded shares of UniFirst from a “hold” rating to a “buy” rating and set a $189.00 target price for the company in a report on Tuesday, December 26th. Northcoast Research reiterated a “neutral” rating on shares of UniFirst in a report on Thursday, October 19th. Finally, Robert W. Baird increased their target price on shares of UniFirst from $163.00 to $171.00 and gave the stock an “outperform” rating in a report on Thursday, October 19th.
In other UniFirst news, VP Michael A. Croatti sold 1,216 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $168.99, for a total value of $205,491.84. Following the completion of the sale, the vice president now directly owns 3,375 shares in the company, valued at $570,341.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David Martin Katz sold 1,060 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $168.15, for a total transaction of $178,239.00. Following the completion of the sale, the vice president now owns 2,667 shares of the company’s stock, valued at $448,456.05. The disclosure for this sale can be found here. Insiders sold 3,603 shares of company stock valued at $609,846 over the last 90 days. 1.00% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Sei Investments Co. lifted its holdings in UniFirst 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 buying an additional 1,064 shares during the period. Riverhead Capital Management LLC lifted its holdings in UniFirst 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 buying an additional 499 shares during the period. Shelton Capital Management purchased a new stake in UniFirst in the second quarter worth about $216,000. Amalgamated Bank lifted its holdings in UniFirst by 2.0% in the second quarter. Amalgamated Bank now owns 2,086 shares of the textile maker’s stock worth $294,000 after buying an additional 40 shares during the period. Finally, Eaton Vance Management purchased a new position in shares of UniFirst during the second quarter valued at approximately $300,000. Institutional investors and hedge funds own 74.07% of the company’s stock.
Shares of UniFirst (UNF) opened at $167.90 on Friday. The firm has a market cap of $3,410.00, a PE ratio of 44.89, a PEG ratio of 3.15 and a beta of 0.74. UniFirst has a 1-year low of $124.85 and a 1-year high of $176.15.
UniFirst (NYSE:UNF) last posted its 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. The company had revenue of $415.80 million during the quarter, compared to analyst estimates of $404.60 million. UniFirst had a net margin of 4.69% and a return on equity of 7.72%. UniFirst’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.38 earnings per share. analysts expect that UniFirst will post 5.41 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.15 annualized dividend and a yield of 0.09%. UniFirst’s dividend payout ratio (DPR) is presently 4.01%.
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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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