UniFirst Corp (NYSE:UNF) VP David Martin Katz sold 732 shares of UniFirst stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $210.99, for a total value of $154,444.68. Following the completion of the transaction, the vice president now directly owns 5,911 shares of the company’s stock, valued at $1,247,161.89. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of UniFirst stock opened at $210.50 on Friday. UniFirst Corp has a one year low of $134.16 and a one year high of $217.90. The company has a market cap of $3.98 billion, a PE ratio of 21.35 and a beta of 0.71. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.06 and a current ratio of 4.57. The business has a 50-day simple moving average of $207.77 and a 200-day simple moving average of $200.01.
UniFirst (NYSE:UNF) last announced its quarterly earnings data on Wednesday, January 8th. The textile maker reported $2.52 EPS for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.51. UniFirst had a return on equity of 10.21% and a net margin of 9.89%. The business had revenue of $465.40 million during the quarter, compared to the consensus estimate of $459.19 million. During the same period in the previous year, the company posted $2.10 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, sell-side analysts predict that UniFirst Corp will post 8.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 9th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, March 6th. UniFirst’s dividend payout ratio is presently 11.74%.
Several institutional investors have recently made changes to their positions in the company. First Hawaiian Bank grew its position in shares of UniFirst by 2.9% during the third quarter. First Hawaiian Bank now owns 1,950 shares of the textile maker’s stock worth $380,000 after buying an additional 55 shares in the last quarter. Marshall Wace North America L.P. grew its position in shares of UniFirst by 17.4% during the first quarter. Marshall Wace North America L.P. now owns 473 shares of the textile maker’s stock worth $73,000 after buying an additional 70 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in shares of UniFirst by 0.3% during the second quarter. Parametric Portfolio Associates LLC now owns 33,646 shares of the textile maker’s stock worth $6,345,000 after buying an additional 85 shares in the last quarter. Mason Street Advisors LLC grew its position in shares of UniFirst by 1.8% during the third quarter. Mason Street Advisors LLC now owns 5,215 shares of the textile maker’s stock worth $1,018,000 after buying an additional 90 shares in the last quarter. Finally, Balyasny Asset Management LLC grew its position in shares of UniFirst by 4.0% during the second quarter. Balyasny Asset Management LLC now owns 3,405 shares of the textile maker’s stock worth $642,000 after buying an additional 130 shares in the last quarter. 76.58% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on UNF shares. Zacks Investment Research raised UniFirst from a “hold” rating to a “strong-buy” rating and set a $239.00 target price for the company in a research report on Saturday, January 11th. William Blair reaffirmed a “market perform” rating on shares of UniFirst in a research report on Wednesday, January 8th.
UniFirst Company Profile
UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It 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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