UniFirst Corp (NYSE:UNF) VP William Masters Ross sold 125 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $171.70, for a total value of $21,462.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

UniFirst Corp (NYSE:UNF) opened at $170.05 on Wednesday. UniFirst Corp has a fifty-two week low of $124.85 and a fifty-two week high of $176.15. The company has a market capitalization of $3,450.00, a P/E ratio of 45.47, a price-to-earnings-growth ratio of 3.17 and a beta of 0.74.

UniFirst (NYSE:UNF) last announced its earnings results on Wednesday, January 3rd. The textile maker reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.19. UniFirst had a return on equity of 7.72% and a net margin of 4.69%. The business had revenue of $415.80 million during the quarter, compared to analysts’ expectations of $404.60 million. During the same quarter in the prior year, the firm earned $1.38 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. research analysts anticipate that UniFirst Corp will post 5.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.09%. UniFirst’s payout ratio is currently 4.01%.

A number of equities analysts recently weighed in on UNF shares. Zacks Investment Research raised UniFirst from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a report on Tuesday, September 12th. Northcoast Research reissued a “neutral” rating on shares of UniFirst in a report on Thursday, October 19th. Finally, Robert W. Baird increased their target price on UniFirst from $163.00 to $171.00 and gave the company an “outperform” rating in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $180.00.

Several institutional investors have recently made changes to their positions in UNF. Schwab Charles Investment Management Inc. raised its holdings in shares of UniFirst by 5.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 94,034 shares of the textile maker’s stock valued at $13,231,000 after acquiring an additional 5,215 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of UniFirst by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 205,765 shares of the textile maker’s stock valued at $28,951,000 after acquiring an additional 2,881 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of UniFirst by 8.9% during the second quarter. Legal & General Group Plc now owns 29,512 shares of the textile maker’s stock valued at $4,153,000 after acquiring an additional 2,417 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of UniFirst by 52.0% during the second quarter. BNP Paribas Arbitrage SA now owns 5,778 shares of the textile maker’s stock valued at $813,000 after acquiring an additional 1,977 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of UniFirst by 3.9% during the second quarter. Eagle Asset Management Inc. now owns 21,362 shares of the textile maker’s stock valued at $3,005,000 after acquiring an additional 793 shares during the last quarter. 74.07% of the stock is owned by institutional investors and hedge funds.

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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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