David Martin Katz Sells 1,003 Shares of UniFirst Corp (UNF) Stock

UniFirst Corp (NYSE:UNF) VP David Martin Katz sold 1,003 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $155.05, for a total value of $155,515.15. Following the sale, the vice president now directly owns 3,710 shares in the company, valued at approximately $575,235.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

David Martin Katz also recently made the following trade(s):

  • On Monday, December 18th, David Martin Katz sold 1,060 shares of UniFirst stock. The stock was sold at an average price of $168.15, for a total value of $178,239.00.

UniFirst Corp (NYSE UNF) opened at $155.65 on Thursday. The company has a market capitalization of $3,154.94, a price-to-earnings ratio of 28.27, a P/E/G ratio of 2.87 and a beta of 0.64. UniFirst Corp has a twelve month low of $129.60 and a twelve month high of $176.15.

UniFirst (NYSE:UNF) last posted its earnings results on Wednesday, January 3rd. The textile maker reported $1.60 EPS for the quarter, beating the consensus estimate of $1.41 by $0.19. The firm had revenue of $415.80 million for 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 for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.38 earnings per share. analysts anticipate that UniFirst Corp will post 5.41 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.10%. The ex-dividend date is Thursday, March 8th. UniFirst’s dividend payout ratio (DPR) is presently 4.03%.

Separately, Zacks Investment Research raised UniFirst from a “hold” rating to a “buy” rating and set a $189.00 target price on the stock in a report on Tuesday, December 26th.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in UniFirst by 3.2% in the fourth quarter. BlackRock Inc. now owns 1,948,654 shares of the textile maker’s stock valued at $321,334,000 after buying an additional 60,478 shares during the last quarter. Janus Henderson Group PLC increased its holdings in UniFirst by 5.6% in the third quarter. Janus Henderson Group PLC now owns 909,126 shares of the textile maker’s stock valued at $137,733,000 after buying an additional 48,162 shares during the last quarter. Victory Capital Management Inc. increased its holdings in UniFirst by 5.3% in the third quarter. Victory Capital Management Inc. now owns 586,882 shares of the textile maker’s stock valued at $88,912,000 after buying an additional 29,575 shares during the last quarter. State Street Corp increased its holdings in UniFirst by 4.4% in the second quarter. State Street Corp now owns 376,860 shares of the textile maker’s stock valued at $53,020,000 after buying an additional 15,909 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in UniFirst by 23.1% in the third quarter. Russell Investments Group Ltd. now owns 197,868 shares of the textile maker’s stock valued at $29,971,000 after buying an additional 37,150 shares during the last quarter. 71.97% of the stock is currently owned by hedge funds and other institutional investors.

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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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