Shares of UniFirst (NYSE:UNF) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $183.00.

Several brokerages recently issued reports on UNF. Barrington Research reaffirmed a “hold” rating on shares of UniFirst in a research report on Thursday, March 29th. Robert W. Baird reaffirmed a “buy” rating and set a $183.00 target price on shares of UniFirst in a research report on Thursday, March 29th. Zacks Investment Research lowered UniFirst from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, ValuEngine raised UniFirst from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st.

In other UniFirst news, VP David A. Difillippo sold 1,046 shares of the stock in a transaction dated Tuesday, April 24th. The stock was sold at an average price of $161.70, for a total transaction of $169,138.20. Following the completion of the sale, the vice president now directly owns 7,068 shares in the company, valued at approximately $1,142,895.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David A. Difillippo sold 1,266 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $158.95, for a total value of $201,230.70. Following the sale, the vice president now owns 7,067 shares of the company’s stock, valued at $1,123,299.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,460 shares of company stock valued at $698,322. Company insiders own 1.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of UNF. Point72 Asia Hong Kong Ltd acquired a new stake in UniFirst during the 1st quarter worth about $118,000. Strs Ohio grew its holdings in UniFirst by 100.0% during the 4th quarter. Strs Ohio now owns 800 shares of the textile maker’s stock worth $131,000 after acquiring an additional 400 shares during the period. Robecosam AG acquired a new stake in UniFirst during the 4th quarter worth about $144,000. Verition Fund Management LLC acquired a new stake in UniFirst during the 1st quarter worth about $200,000. Finally, CIBC Asset Management Inc acquired a new stake in UniFirst during the 4th quarter worth about $235,000. Hedge funds and other institutional investors own 73.32% of the company’s stock.

Shares of UniFirst opened at $174.40 on Friday, MarketBeat reports. The firm has a market cap of $3.52 billion, a P/E ratio of 33.03, a P/E/G ratio of 2.29 and a beta of 0.61. UniFirst has a 12-month low of $173.30 and a 12-month high of $174.20.

UniFirst (NYSE:UNF) last announced its earnings results on Wednesday, March 28th. The textile maker reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.31. The business had revenue of $419.30 million during the quarter, compared to analyst estimates of $405.64 million. UniFirst had a return on equity of 7.95% and a net margin of 6.79%. UniFirst’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $1.10 EPS. equities research analysts anticipate that UniFirst will post 7.58 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 8th will be issued a dividend of $0.1125 per share. This is an increase from UniFirst’s previous quarterly dividend of $0.04. This represents a $0.45 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, June 7th. UniFirst’s dividend payout ratio (DPR) is presently 2.84%.

UniFirst Company Profile

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Canada, and Europe. It operates through US Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. 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, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.

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