Shares of UniFirst Corp. (NYSE:UNF) have been given a consensus broker rating score of 3.00 (Hold) from the five analysts that provide coverage for the company, Zacks Investment Research reports. Five research analysts have rated the stock with a hold rating.
Analysts have set a twelve-month consensus price target of $121.00 for the company and are anticipating that the company will post $1.25 earnings per share for the current quarter, according to Zacks. Zacks has also assigned UniFirst Corp. an industry rank of 104 out of 265 based on the ratings given to related companies.
UNF has been the subject of several recent research reports. Zacks Investment Research lowered UniFirst Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 1st. Robert W. Baird lowered UniFirst Corp. from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $125.00 to $121.00 in a report on Friday, July 1st. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of UniFirst Corp. in a report on Thursday, June 30th.
UniFirst Corp. (NYSE:UNF) opened at 132.48 on Monday. The firm has a market cap of $2.68 billion, a P/E ratio of 22.62 and a beta of 0.89. UniFirst Corp. has a 1-year low of $96.90 and a 1-year high of $137.01. The stock has a 50 day moving average price of $128.15 and a 200 day moving average price of $116.57.
UniFirst Corp. (NYSE:UNF) last announced its quarterly earnings data on Wednesday, June 29th. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.14. UniFirst Corp. had a return on equity of 9.19% and a net margin of 8.09%. The company earned $367 million during the quarter, compared to analyst estimates of $366.38 million. During the same quarter last year, the firm posted $1.61 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts anticipate that UniFirst Corp. will post $5.67 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Wednesday, September 7th. UniFirst Corp.’s payout ratio is presently 2.56%.
In other news, VP David A. Difillippo sold 1,267 shares of UniFirst Corp. stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $115.48, for a total transaction of $146,313.16. Following the completion of the sale, the vice president now owns 3,512 shares in the company, valued at approximately $405,565.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David A. Difillippo sold 467 shares of UniFirst Corp. stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $114.77, for a total value of $53,597.59. Following the sale, the vice president now owns 3,824 shares of the company’s stock, valued at approximately $438,880.48. The disclosure for this sale can be found here. Company insiders own 6.20% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of UniFirst Corp. by 0.7% in the second quarter. Vanguard Group Inc. now owns 1,165,027 shares of the company’s stock worth $134,817,000 after buying an additional 7,858 shares during the period. BlackRock Fund Advisors increased its stake in shares of UniFirst Corp. by 4.5% in the second quarter. BlackRock Fund Advisors now owns 994,223 shares of the company’s stock worth $115,051,000 after buying an additional 43,001 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of UniFirst Corp. by 6.8% in the second quarter. Dimensional Fund Advisors LP now owns 809,878 shares of the company’s stock worth $93,718,000 after buying an additional 51,393 shares during the period. Victory Capital Management Inc. increased its stake in shares of UniFirst Corp. by 5.7% in the second quarter. Victory Capital Management Inc. now owns 575,283 shares of the company’s stock worth $66,572,000 after buying an additional 30,963 shares during the period. Finally, Fiduciary Management Inc. WI increased its stake in shares of UniFirst Corp. by 12.0% in the first quarter. Fiduciary Management Inc. WI now owns 498,600 shares of the company’s stock worth $54,407,000 after buying an additional 53,606 shares during the period. Hedge funds and other institutional investors own 73.93% of the company’s stock.
About UniFirst Corp.
UniFirst Corporation (UniFirst) 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for UniFirst Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UniFirst Corp. and related companies with MarketBeat.com's FREE daily email newsletter.