Insider Selling: Cynthia Croatti Sells 2,000 Shares of UniFirst Corp. Stock (UNF)
UniFirst Corp. (NYSE:UNF) major shareholder Cynthia Croatti sold 2,000 shares of UniFirst Corp. stock on the open market in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $107.00, for a total transaction of $214,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of UniFirst Corp. (NYSE:UNF) traded up 1.83% on Wednesday, hitting $111.20. The stock had a trading volume of 49,683 shares. UniFirst Corp. has a 52-week low of $79.32 and a 52-week high of $111.52. The stock’s 50-day moving average is $103. and its 200-day moving average is $100.. The company has a market cap of $2.228 billion and a price-to-earnings ratio of 18.25.
UniFirst Corp. (NYSE:UNF) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.09. The company had revenue of $346.70 million for the quarter, compared to the consensus estimate of $347.07 million. During the same quarter in the previous year, the company posted $1.54 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts expect that UniFirst Corp. will post $5.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of 0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%.
Separately, analysts at Sidoti upgraded shares of UniFirst Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, December 12th.
UniFirst Corporation (NYSE:UNF) is a provider of workplace uniforms and protective work wear clothing in the United States.
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