Unifirst Corporation (NYSE:UNF) VP David Martin Katz sold 1,060 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $168.15, for a total transaction of $178,239.00. Following the transaction, the vice president now directly owns 2,667 shares of the company’s stock, valued at $448,456.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Unifirst Corporation (NYSE UNF) opened at $170.45 on Tuesday. The firm has a market cap of $3,405.19, a P/E ratio of 31.81, a PEG ratio of 3.19 and a beta of 0.74. Unifirst Corporation has a 52 week low of $124.85 and a 52 week high of $171.07.

Unifirst (NYSE:UNF) last issued its quarterly earnings results 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 company had revenue of $403.60 million during the quarter, compared to analysts’ expectations of $392.15 million. Unifirst had a net margin of 4.40% and a return on equity of 7.53%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the business earned $1.27 EPS. equities analysts predict that Unifirst Corporation will post 5.26 EPS for the current 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 issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend is Thursday, December 7th. Unifirst’s payout ratio is presently 4.37%.

Several equities analysts have recently weighed in on the stock. Robert W. Baird raised their price target 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. Northcoast Research reaffirmed a “neutral” rating on shares of Unifirst in a research note on Thursday, October 19th. Finally, Zacks Investment Research cut shares of Unifirst from a “buy” rating to a “hold” rating in a research note on Saturday, September 9th. 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 company presently has an average rating of “Hold” and an average target price of $165.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Unifirst by 0.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the textile maker’s stock valued at $577,000 after buying an additional 36 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Unifirst by 2.0% in the 2nd quarter. Amalgamated Bank now owns 2,086 shares of the textile maker’s stock valued at $294,000 after buying an additional 40 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Unifirst by 2.3% in the 2nd quarter. Aperio Group LLC now owns 4,585 shares of the textile maker’s stock valued at $645,000 after buying an additional 104 shares during the last quarter. Martin & Co. Inc. TN boosted its holdings in shares of Unifirst by 1.2% in the 2nd quarter. Martin & Co. Inc. TN now owns 9,499 shares of the textile maker’s stock valued at $1,337,000 after buying an additional 115 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in shares of Unifirst by 3.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,640 shares of the textile maker’s stock valued at $512,000 after buying an additional 120 shares during the last quarter. 74.21% of the stock is owned by institutional investors.

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Unifirst Company Profile

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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