UniFirst Corporation $UNF Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its stake in UniFirst Corporation (NYSE:UNF) by 57.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,442 shares of the textile maker’s stock after selling 3,289 shares during the period. State of Alaska Department of Revenue’s holdings in UniFirst were worth $611,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Burney Co. lifted its position in UniFirst by 1.0% during the first quarter. Burney Co. now owns 4,329 shares of the textile maker’s stock valued at $1,089,000 after purchasing an additional 44 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in UniFirst in the 2nd quarter worth approximately $31,000. WINTON GROUP Ltd grew its stake in UniFirst by 22.5% in the 2nd quarter. WINTON GROUP Ltd now owns 980 shares of the textile maker’s stock worth $259,000 after buying an additional 180 shares in the last quarter. Swiss National Bank increased its holdings in shares of UniFirst by 0.7% in the 1st quarter. Swiss National Bank now owns 29,700 shares of the textile maker’s stock worth $7,472,000 after buying an additional 200 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of UniFirst by 22.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,121 shares of the textile maker’s stock worth $296,000 after buying an additional 205 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

UniFirst Stock Performance

UNF stock opened at $281.39 on Friday. UniFirst Corporation has a 52 week low of $147.66 and a 52 week high of $306.67. The firm’s fifty day moving average is $269.52 and its 200 day moving average is $270.03. The firm has a market cap of $5.09 billion, a P/E ratio of 46.82 and a beta of 0.60.

UniFirst (NYSE:UNF) last posted its quarterly earnings results on Wednesday, October 21st. The textile maker reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.14). UniFirst had a return on equity of 6.65% and a net margin of 4.34%. The company had revenue of $645.01 million for the quarter, compared to the consensus estimate of $634.40 million. During the same quarter in the previous year, the business earned $2.23 earnings per share. UniFirst’s revenue was up 5.0% compared to the same quarter last year. As a group, analysts forecast that UniFirst Corporation will post 8.52 EPS for the current year.

Wall Street Analysts Forecast Growth

UNF has been the topic of several research reports. Zacks Research upgraded shares of UniFirst from a “hold” rating to a “strong-buy” rating in a research report on Thursday. UBS Group set a $262.00 price objective on shares of UniFirst in a report on Monday, July 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of UniFirst in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $246.67.

UniFirst Company Profile

UniFirst Corporation (NYSE: UNF) provides workplace uniforms, workwear rental, and textile services to businesses and organizations. Its offerings include uniform rental and laundering, work garments, protective apparel, floor mats, restroom supplies, first-aid products, and other workplace service programs.

The company also provides specialized apparel and services for industries with particular cleanliness or safety requirements, including healthcare, manufacturing, food processing, and cleanroom environments.