Tudor Investment Corp ET AL Sells 44,588 Shares of UniFirst Corporation $UNF

Tudor Investment Corp ET AL lowered its holdings in UniFirst Corporation (NYSE:UNF) by 56.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,274 shares of the textile maker’s stock after selling 44,588 shares during the quarter. Tudor Investment Corp ET AL’s holdings in UniFirst were worth $5,730,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Quantbot Technologies LP acquired a new position in shares of UniFirst during the third quarter valued at about $1,597,000. AlphaQuest LLC grew its position in UniFirst by 181.2% during the third quarter. AlphaQuest LLC now owns 21,311 shares of the textile maker’s stock worth $3,563,000 after buying an additional 13,732 shares in the last quarter. TimesSquare Capital Management LLC bought a new position in UniFirst during the third quarter valued at about $18,177,000. Vest Financial LLC increased its stake in UniFirst by 93.0% during the third quarter. Vest Financial LLC now owns 20,507 shares of the textile maker’s stock valued at $3,429,000 after acquiring an additional 9,881 shares during the period. Finally, Engine Capital Management LP acquired a new position in UniFirst in the 2nd quarter valued at approximately $11,688,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at UniFirst

In other news, VP David Martin Katz sold 1,464 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $237.54, for a total transaction of $347,758.56. Following the sale, the vice president owned 6,461 shares in the company, valued at approximately $1,534,745.94. This represents a 18.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.86% of the company’s stock.

UniFirst Trading Down 1.0%

Shares of UniFirst stock opened at $263.47 on Wednesday. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 34.85 and a beta of 0.69. The firm’s 50-day moving average price is $233.30 and its two-hundred day moving average price is $193.88. UniFirst Corporation has a 1-year low of $147.66 and a 1-year high of $283.77.

UniFirst (NYSE:UNF) last posted its earnings results on Wednesday, January 7th. The textile maker reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.16). The firm had revenue of $621.32 million during the quarter, compared to the consensus estimate of $615.23 million. UniFirst had a net margin of 5.70% and a return on equity of 6.68%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.31 EPS. UniFirst has set its FY 2026 guidance at 6.580-6.980 EPS. As a group, equities research analysts predict that UniFirst Corporation will post 7.71 EPS for the current year.

UniFirst Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be paid a $0.365 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.46 dividend on an annualized basis and a yield of 0.6%. UniFirst’s payout ratio is currently 19.31%.

Analyst Ratings Changes

A number of analysts have commented on the company. UBS Group raised their price objective on UniFirst from $182.00 to $206.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Zacks Research upgraded UniFirst from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Robert W. Baird set a $198.00 price target on shares of UniFirst in a research note on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of UniFirst in a report on Wednesday, January 21st. Finally, Barclays raised their price objective on shares of UniFirst from $250.00 to $280.00 and gave the stock an “equal weight” rating in a report on Thursday, March 12th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $214.75.

UniFirst Profile

UniFirst Corporation (NYSE: UNF) is a leading provider of customized uniform rental and facility service programs in North America and Europe. The company specializes in the rental, laundering and maintenance of workwear, corporate apparel and protective garments for a broad range of industries, including manufacturing, automotive, hospitality, healthcare and food processing. UniFirst also offers a suite of facility service products such as entrance mats, restroom supplies, wipers, mops and hygienic services designed to help customers maintain clean and safe environments.

In addition to its core uniform rental business, UniFirst has expanded its product portfolio to include safety and first-responder gear, flame-resistant clothing, high-visibility apparel and personal protective equipment (PPE).