Unifirst Corporation (UNF) Shares Bought by PEAK6 Investments L.P.
PEAK6 Investments L.P. grew its position in Unifirst Corporation (NYSE:UNF) by 42.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,579 shares of the textile maker’s stock after buying an additional 767 shares during the period. PEAK6 Investments L.P.’s holdings in Unifirst were worth $391,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in UNF. State Street Corp boosted its stake in Unifirst by 4.4% in the 2nd quarter. State Street Corp now owns 376,860 shares of the textile maker’s stock worth $53,020,000 after purchasing an additional 15,909 shares during the period. Victory Capital Management Inc. boosted its stake in Unifirst by 5.3% in the 3rd quarter. Victory Capital Management Inc. now owns 586,882 shares of the textile maker’s stock worth $88,912,000 after purchasing an additional 29,575 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Unifirst by 52.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,778 shares of the textile maker’s stock worth $813,000 after purchasing an additional 1,977 shares during the period. Northern Trust Corp boosted its stake in Unifirst by 3.7% in the 2nd quarter. Northern Trust Corp now owns 316,354 shares of the textile maker’s stock worth $44,511,000 after purchasing an additional 11,327 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in Unifirst by 4.2% in the 2nd quarter. Macquarie Group Ltd. now owns 294,345 shares of the textile maker’s stock worth $41,414,000 after purchasing an additional 11,856 shares during the period. 74.21% of the stock is owned by institutional investors.
Unifirst Corporation (NYSE:UNF) traded up $1.24 during trading on Friday, hitting $165.20. 52,500 shares of the stock were exchanged, compared to its average volume of 56,624. Unifirst Corporation has a one year low of $124.85 and a one year high of $168.05. The firm has a market cap of $3,325.10, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 3.12 and a beta of 0.74.
Unifirst (NYSE:UNF) last posted its quarterly earnings data on Wednesday, October 18th. The textile maker reported $1.44 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.20. Unifirst had a net margin of 4.40% and a return on equity of 7.53%. The company had revenue of $403.60 million during the quarter, compared to the consensus estimate of $392.15 million. During the same period in the prior year, the business posted $1.27 EPS. The company’s quarterly revenue was up 10.9% on a year-over-year basis. research analysts expect that Unifirst Corporation will post 5.26 earnings per share for the current year.
The firm 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. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.09%. Unifirst’s dividend payout ratio is 4.37%.
A number of brokerages recently weighed in on UNF. Zacks Investment Research raised shares of Unifirst from a “hold” rating to a “buy” rating and set a $159.00 target price for the company in a research note on Tuesday, September 12th. Robert W. Baird upped their target price on shares of Unifirst from $163.00 to $171.00 and gave the stock an “outperform” rating in a research note on Thursday, October 19th. Finally, Northcoast Research restated a “neutral” rating on shares of Unifirst in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $165.00.
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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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