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HomeMarketResultsUniFirst (NYSE:UNF) Sets New 1-Year High on Analyst Upgrade

UniFirst (NYSE:UNF) Sets New 1-Year High on Analyst Upgrade


UniFirst Co. (NYSE:UNFGet Rating)’s inventory worth reached a brand new 52-week excessive on Thursday after Robert W. Baird raised their worth goal on the inventory to $225.00. The corporate traded as excessive as $202.44 and final traded at $200.00, with a quantity of 117460 shares altering arms. The inventory had beforehand closed at $198.62.

Different equities analysts have additionally not too long ago issued analysis studies concerning the firm. TheStreet lower UniFirst from a “b-” score to a “c+” score in a report on Thursday, September fifteenth. StockNews.com lower UniFirst from a “purchase” score to a “maintain” score in a report on Monday, December twenty sixth.

Insider Transactions at UniFirst

In different information, CEO Steven S. Sintros bought 1,567 shares of the enterprise’s inventory in a transaction on Friday, October twenty eighth. The inventory was bought at a median worth of $180.00, for a complete transaction of $282,060.00. Following the completion of the transaction, the chief govt officer now owns 20,272 shares of the corporate’s inventory, valued at roughly $3,648,960. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which is obtainable via this link. In different UniFirst information, CEO Steven S. Sintros bought 1,567 shares of the corporate’s inventory in a transaction dated Friday, October twenty eighth. The inventory was bought at a median worth of $180.00, for a complete worth of $282,060.00. Following the completion of the transaction, the chief govt officer now owns 20,272 shares of the corporate’s inventory, valued at roughly $3,648,960. The sale was disclosed in a authorized submitting with the SEC, which is obtainable via the SEC website. Additionally, CFO Shane O’connor bought 1,233 shares of the corporate’s inventory in a transaction dated Friday, October twenty eighth. The inventory was bought at a median worth of $180.00, for a complete worth of $221,940.00. Following the completion of the transaction, the chief monetary officer now straight owns 3,901 shares of the corporate’s inventory, valued at roughly $702,180. The disclosure for this sale may be discovered here. Within the final quarter, insiders bought 2,978 shares of firm inventory valued at $536,040. Company insiders personal 1.20% of the corporate’s inventory.

Institutional Buyers Weigh In On UniFirst

Institutional traders have not too long ago made adjustments to their positions within the inventory. Texas Everlasting Faculty Fund grew its place in shares of UniFirst by 1.8% within the 2nd quarter. Texas Everlasting Faculty Fund now owns 10,976 shares of the textile maker’s inventory valued at $1,890,000 after shopping for a further 194 shares over the past quarter. KBC Group NV grew its place in shares of UniFirst by 3.8% within the 2nd quarter. KBC Group NV now owns 14,527 shares of the textile maker’s inventory valued at $2,501,000 after shopping for a further 537 shares over the past quarter. Copeland Capital Administration LLC grew its place in shares of UniFirst by 1.0% within the third quarter. Copeland Capital Administration LLC now owns 199,617 shares of the textile maker’s inventory valued at $33,581,000 after shopping for a further 2,025 shares over the past quarter. Alpha Paradigm Companions LLC purchased a brand new stake in shares of UniFirst within the 2nd quarter valued at about $486,000. Lastly, One Fin Capital Administration LP purchased a brand new stake in shares of UniFirst within the 1st quarter valued at about $2,764,000. Institutional traders personal 77.73% of the corporate’s inventory.

UniFirst Buying and selling Up 0.7 %

The agency has a 50-day shifting common of $188.91 and a 200 day shifting common of $181.62. The corporate has a market cap of $3.73 billion, a P/E ratio of 36.38 and a beta of 0.91.

UniFirst (NYSE:UNFGet Rating) final introduced its earnings outcomes on Wednesday, October nineteenth. The textile maker reported $1.79 EPS for the quarter, beating the consensus estimate of $1.76 by $0.03. UniFirst had a return on fairness of 6.77% and a internet margin of 5.17%. The corporate had income of $516.40 million for the quarter, in comparison with analyst estimates of $511.58 million. Throughout the identical quarter within the prior 12 months, the corporate earned $1.82 EPS. The agency’s income for the quarter was up 11.0% in comparison with the identical quarter final 12 months. On common, equities analysts predict that UniFirst Co. will put up 7.24 EPS for the present 12 months.

UniFirst Will increase Dividend

The agency additionally not too long ago introduced a quarterly dividend, which was paid on Wednesday, January 4th. Buyers of file on Wednesday, December seventh got a dividend of $0.31 per share. It is a constructive change from UniFirst’s earlier quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, December sixth. This represents a $1.24 annualized dividend and a dividend yield of 0.62%. UniFirst’s dividend payout ratio is presently 22.71%.

UniFirst Firm Profile

(Get Rating)

UniFirst Company supplies office uniforms and protecting work put on clothes in america, Europe, and Canada. The corporate operates via U.S. and Canadian Rental and Cleansing, Manufacturing, Specialty Clothes Rental and Cleansing, and First Support segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a spread of uniforms and protecting clothes, together with shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialised protecting put on, akin to flame resistant and excessive visibility clothes.

Additional Studying

This immediate information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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