UniFirst (UNF) Upgraded by ValuEngine to “Buy”
ValuEngine upgraded shares of UniFirst (NYSE:UNF) from a hold rating to a buy rating in a research note issued to investors on Thursday.
Separately, Zacks Investment Research upgraded shares of UniFirst from a hold rating to a buy rating and set a $189.00 price target on the stock in a research note on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. UniFirst presently has an average rating of Hold and an average price target of $180.00.
UniFirst (UNF) opened at $154.60 on Thursday. UniFirst has a 1 year low of $130.25 and a 1 year high of $176.15. The company has a market cap of $3,140.00, a PE ratio of 41.34, a price-to-earnings-growth ratio of 2.83 and a beta of 0.68.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.10%. UniFirst’s payout ratio is 4.01%.
In related news, VP Michael A. Croatti sold 1,216 shares of the company’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 transaction of $205,491.84. Following the sale, the vice president now directly owns 3,375 shares in the company, valued at $570,341.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David A. Difillippo sold 1,266 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $158.95, for a total transaction of $201,230.70. Following the sale, the vice president now owns 7,067 shares in the company, valued at $1,123,299.65. The disclosure for this sale can be found here. Insiders have sold 5,991 shares of company stock worth $984,799 over the last 90 days. Insiders own 1.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio increased its stake in shares of UniFirst by 100.0% during the fourth quarter. Strs Ohio now owns 800 shares of the textile maker’s stock worth $131,000 after buying an additional 400 shares during the period. Meadow Creek Investment Management LLC increased its stake in shares of UniFirst by 24.2% during the fourth quarter. Meadow Creek Investment Management LLC now owns 2,156 shares of the textile maker’s stock worth $355,000 after buying an additional 420 shares during the period. Rhumbline Advisers increased its stake in shares of UniFirst by 1.3% during the third quarter. Rhumbline Advisers now owns 34,040 shares of the textile maker’s stock worth $5,157,000 after buying an additional 432 shares during the period. First Trust Advisors LP increased its stake in shares of UniFirst by 4.2% during the fourth quarter. First Trust Advisors LP now owns 11,570 shares of the textile maker’s stock worth $1,908,000 after buying an additional 468 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of UniFirst by 1.7% during the third quarter. American Century Companies Inc. now owns 29,390 shares of the textile maker’s stock worth $4,453,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 71.97% 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.
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