William Masters Ross Sells 125 Shares of UniFirst Corp (UNF) Stock
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.
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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