Neuberger Berman Group LLC Has $103.12 Million Position in Unifirst Corporation (UNF)
Neuberger Berman Group LLC reduced its holdings in Unifirst Corporation (NYSE:UNF) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 680,674 shares of the textile maker’s stock after selling 2,380 shares during the quarter. Neuberger Berman Group LLC owned 3.36% of Unifirst worth $103,122,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Unifirst by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,404,198 shares of the textile maker’s stock valued at $197,571,000 after purchasing an additional 15,155 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Unifirst by 5.6% during the 3rd quarter. Janus Henderson Group PLC now owns 909,126 shares of the textile maker’s stock valued at $137,733,000 after purchasing an additional 48,162 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Unifirst by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 873,793 shares of the textile maker’s stock valued at $122,943,000 after purchasing an additional 11,559 shares in the last quarter. Royce & Associates LP boosted its stake in Unifirst by 3.8% during the 2nd quarter. Royce & Associates LP now owns 813,720 shares of the textile maker’s stock valued at $114,490,000 after purchasing an additional 29,500 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Unifirst by 5.3% during the 3rd quarter. Victory Capital Management Inc. now owns 586,882 shares of the textile maker’s stock valued at $88,912,000 after purchasing an additional 29,575 shares in the last quarter. Hedge funds and other institutional investors own 74.21% of the company’s stock.
A number of equities analysts have issued reports on UNF shares. Zacks Investment Research raised Unifirst from a “hold” rating to a “buy” rating and set a $162.00 price target for the company in a research note on Wednesday, September 6th. Northcoast Research reaffirmed a “neutral” rating on shares of Unifirst in a research note on Thursday, October 19th. Finally, Robert W. Baird increased their price target on Unifirst from $163.00 to $171.00 and gave the company an “outperform” rating in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $165.00.
Unifirst (NYSE:UNF) last released its quarterly earnings data on Wednesday, October 18th. The textile maker reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.20. The business had revenue of $403.60 million during the quarter, compared to analyst estimates of $392.15 million. Unifirst had a return on equity of 7.53% and a net margin of 4.40%. The company’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $1.27 EPS. equities research analysts forecast that Unifirst Corporation will post 5.26 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.09%. The ex-dividend date is Thursday, December 7th. Unifirst’s dividend payout ratio is presently 4.35%.
In other 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 transaction of $205,491.84. Following the completion of the sale, the vice president now directly owns 3,375 shares of the company’s stock, valued at approximately $570,341.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.
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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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