Unifirst Corporation (NYSE:UNF) VP Michael A. Croatti sold 1,216 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $168.99, for a total value of $205,491.84. Following the completion of the sale, the vice president now owns 3,375 shares in the company, valued at $570,341.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Unifirst Corporation (NYSE UNF) traded up $2.55 during mid-day trading on Friday, hitting $167.95. The stock had a trading volume of 145,513 shares, compared to its average volume of 62,022. Unifirst Corporation has a one year low of $124.85 and a one year high of $169.75. The firm has a market cap of $3,460.00, a PE ratio of 31.33, a PEG ratio of 3.14 and a beta of 0.74.

Unifirst (NYSE:UNF) last issued its quarterly earnings results on Wednesday, October 18th. The textile maker reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.20. Unifirst had a return on equity of 7.53% and a net margin of 4.40%. The company had revenue of $403.60 million for the quarter, compared to analysts’ expectations of $392.15 million. During the same period last year, the firm earned $1.27 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. equities research analysts predict that Unifirst Corporation will post 5.26 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 8th will be given 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 of this dividend is Thursday, December 7th. Unifirst’s dividend payout ratio (DPR) is presently 4.35%.

Several research firms recently commented on UNF. Robert W. Baird raised their target price on Unifirst from $163.00 to $171.00 and gave the company an “outperform” rating in a research report on Thursday, October 19th. Northcoast Research reiterated a “neutral” rating on shares of Unifirst in a research report on Thursday, October 19th. Finally, Zacks Investment Research cut Unifirst from a “buy” rating to a “hold” rating in a research report on Saturday, September 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Unifirst has a consensus rating of “Hold” and an average target price of $165.00.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of 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 during the period. Janus Henderson Group PLC boosted its stake in shares of Unifirst by 5.6% during the 3rd quarter. Janus Henderson Group PLC now owns 909,126 shares of the textile maker’s stock worth $137,733,000 after acquiring an additional 48,162 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Unifirst by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 873,793 shares of the textile maker’s stock worth $122,943,000 after acquiring an additional 11,559 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Unifirst by 3.8% during the 2nd quarter. Royce & Associates LP now owns 813,720 shares of the textile maker’s stock worth $114,490,000 after acquiring an additional 29,500 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Unifirst by 5.3% during the 3rd quarter. Victory Capital Management Inc. now owns 586,882 shares of the textile maker’s stock worth $88,912,000 after acquiring an additional 29,575 shares in the last quarter. Institutional investors own 74.21% of the company’s stock.

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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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