Topline Capital Management LLC Purchases 47,819 Shares of UniFirst Corporation $UNF

Topline Capital Management LLC grew its holdings in shares of UniFirst Corporation (NYSE:UNF) by 64.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,381 shares of the textile maker’s stock after acquiring an additional 47,819 shares during the period. UniFirst accounts for approximately 3.5% of Topline Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Topline Capital Management LLC owned approximately 0.66% of UniFirst worth $20,461,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in UNF. River Road Asset Management LLC boosted its position in shares of UniFirst by 0.5% during the 2nd quarter. River Road Asset Management LLC now owns 793,765 shares of the textile maker’s stock valued at $149,402,000 after purchasing an additional 4,339 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in UniFirst by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 772,667 shares of the textile maker’s stock worth $129,181,000 after purchasing an additional 9,576 shares in the last quarter. Geode Capital Management LLC raised its position in shares of UniFirst by 1.0% during the second quarter. Geode Capital Management LLC now owns 364,411 shares of the textile maker’s stock worth $68,598,000 after purchasing an additional 3,586 shares during the period. First Trust Advisors LP lifted its holdings in shares of UniFirst by 60.5% in the 3rd quarter. First Trust Advisors LP now owns 307,341 shares of the textile maker’s stock worth $51,384,000 after purchasing an additional 115,802 shares in the last quarter. Finally, Norges Bank acquired a new stake in UniFirst in the 2nd quarter valued at $35,684,000. 78.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UNF has been the subject of a number of recent research reports. UBS Group boosted their price target on shares of UniFirst from $182.00 to $206.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Robert W. Baird set a $198.00 price objective on shares of UniFirst in a report on Thursday, January 8th. Zacks Research upgraded shares of UniFirst from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Barclays raised their price target on shares of UniFirst from $250.00 to $280.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of UniFirst in a research note on Wednesday, January 21st. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, UniFirst presently has an average rating of “Reduce” and a consensus target price of $214.75.

Insider Activity at UniFirst

In other news, VP David Martin Katz sold 1,464 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $237.54, for a total value of $347,758.56. Following the transaction, the vice president owned 6,461 shares in the company, valued at $1,534,745.94. The trade was a 18.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

UniFirst Price Performance

UNF opened at $273.29 on Friday. UniFirst Corporation has a 1 year low of $147.66 and a 1 year high of $283.77. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 36.15 and a beta of 0.69. The firm’s fifty day moving average price is $224.01 and its two-hundred day moving average price is $189.28.

UniFirst (NYSE:UNF) last announced its earnings results on Wednesday, January 7th. The textile maker reported $1.89 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.16). UniFirst had a net margin of 5.70% and a return on equity of 6.68%. The firm had revenue of $621.32 million during the quarter, compared to analysts’ expectations of $615.23 million. During the same quarter in the prior year, the company earned $2.31 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. UniFirst has set its FY 2026 guidance at 6.580-6.980 EPS. As a group, equities analysts anticipate that UniFirst Corporation will post 7.71 EPS for the current year.

UniFirst Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be paid a $0.365 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.46 annualized dividend and a yield of 0.5%. UniFirst’s dividend payout ratio (DPR) is 19.31%.

About UniFirst

UniFirst Corporation (NYSE: UNF) is a leading provider of customized uniform rental and facility service programs in North America and Europe. The company specializes in the rental, laundering and maintenance of workwear, corporate apparel and protective garments for a broad range of industries, including manufacturing, automotive, hospitality, healthcare and food processing. UniFirst also offers a suite of facility service products such as entrance mats, restroom supplies, wipers, mops and hygienic services designed to help customers maintain clean and safe environments.

In addition to its core uniform rental business, UniFirst has expanded its product portfolio to include safety and first-responder gear, flame-resistant clothing, high-visibility apparel and personal protective equipment (PPE).