Shares of UniFirst Corp (NYSE:UNF) have been given a consensus broker rating score of 2.60 (Hold) from the five analysts that cover the stock, Zacks Investment Research reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. UniFirst’s rating score has improved by 2.6% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokerages have set a twelve-month consensus price objective of $181.00 for the company and are expecting that the company will post $1.07 EPS for the current quarter, according to Zacks. Zacks has also given UniFirst an industry rank of 69 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded 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.
In other UniFirst news, VP Michael A. Croatti sold 1,216 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $168.99, for a total value of $205,491.84. Following the sale, the vice president now directly owns 3,375 shares in the company, valued at $570,341.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Michael A. Croatti sold 1,202 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 4,420 shares in the company, valued at $752,549.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,725 shares of company stock worth $783,568. 1.00% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the business. Strs Ohio raised its stake in UniFirst by 100.0% in the fourth quarter. Strs Ohio now owns 800 shares of the textile maker’s stock valued at $131,000 after buying an additional 400 shares in the last quarter. Robecosam AG acquired a new stake in UniFirst in the fourth quarter valued at $144,000. Sei Investments Co. raised its stake in UniFirst by 26,600.0% in the third quarter. Sei Investments Co. now owns 1,068 shares of the textile maker’s stock valued at $162,000 after buying an additional 1,064 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in UniFirst in the fourth quarter valued at $235,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in UniFirst in the fourth quarter valued at $293,000. Institutional investors own 71.97% of the company’s stock.
UniFirst (NYSE:UNF) traded up $1.25 during trading hours on Friday, reaching $156.75. The company had a trading volume of 10,149 shares, compared to its average volume of 75,643. The stock has a market capitalization of $3,164.07, a price-to-earnings ratio of 28.35, a PEG ratio of 2.88 and a beta of 0.64. UniFirst has a 52-week low of $129.60 and a 52-week high of $176.15.
UniFirst (NYSE:UNF) last released its earnings results on Wednesday, January 3rd. The textile maker reported $1.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.19. The firm had revenue of $415.80 million during the quarter, compared to analyst estimates of $404.60 million. UniFirst had a return on equity of 7.72% and a net margin of 4.69%. UniFirst’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $1.38 earnings per share. equities research analysts expect that UniFirst will post 5.41 EPS 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 paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date is Thursday, March 8th. UniFirst’s dividend payout ratio is presently 4.03%.
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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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