London Co. of Virginia Sells 44,072 Shares of UniFirst Corporation $UNF

London Co. of Virginia trimmed its holdings in shares of UniFirst Corporation (NYSE:UNF) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 903,005 shares of the textile maker’s stock after selling 44,072 shares during the quarter. London Co. of Virginia owned 4.87% of UniFirst worth $150,976,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC raised its position in UniFirst by 5.5% in the third quarter. Global Retirement Partners LLC now owns 1,204 shares of the textile maker’s stock worth $201,000 after acquiring an additional 63 shares during the period. Amalgamated Bank grew its position in shares of UniFirst by 1.7% during the 3rd quarter. Amalgamated Bank now owns 4,359 shares of the textile maker’s stock valued at $729,000 after acquiring an additional 74 shares during the period. American Century Companies Inc. increased its stake in shares of UniFirst by 2.0% during the 2nd quarter. American Century Companies Inc. now owns 4,027 shares of the textile maker’s stock worth $758,000 after purchasing an additional 78 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of UniFirst by 0.5% during the 3rd quarter. Alliancebernstein L.P. now owns 17,990 shares of the textile maker’s stock worth $3,008,000 after purchasing an additional 82 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of UniFirst by 75.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 268 shares of the textile maker’s stock worth $45,000 after purchasing an additional 115 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at UniFirst

In related news, VP David Martin Katz sold 1,464 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $237.54, for a total transaction of $347,758.56. Following the completion of the sale, the vice president directly owned 6,461 shares in the company, valued at $1,534,745.94. This represents a 18.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.86% of the company’s stock.

UniFirst Stock Performance

Shares of UNF stock opened at $273.89 on Tuesday. The company has a market capitalization of $4.95 billion, a PE ratio of 36.23 and a beta of 0.69. UniFirst Corporation has a 52-week low of $147.66 and a 52-week high of $283.77. The business’s fifty day moving average is $225.53 and its 200 day moving average is $190.13.

UniFirst (NYSE:UNF) last announced its earnings results on Wednesday, January 7th. The textile maker reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.16). The company had revenue of $621.32 million for 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 company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.31 earnings per share. UniFirst has set its FY 2026 guidance at 6.580-6.980 EPS. On average, sell-side analysts forecast that UniFirst Corporation will post 7.71 EPS for the current fiscal year.

UniFirst Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, March 6th. UniFirst’s dividend payout ratio is 19.31%.

Wall Street Analysts Forecast Growth

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

About UniFirst

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).