G & K Services VP Timothy N. Curran Sells 4,000 Shares (GK)
G & K Services (NYSE:GK) VP Timothy N. Curran sold 4,000 shares of the stock on the open market in a transaction dated Monday, June 9th. The stock was sold at an average price of $53.18, for a total value of $212,720.00. Following the completion of the transaction, the vice president now directly owns 41,451 shares of the company’s stock, valued at approximately $2,204,364. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
GK has been the subject of a number of recent research reports. Analysts at Sidoti upgraded shares of G & K Services from a “neutral” rating to a “buy” rating in a research note on Friday, May 16th. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of G & K Services in a research note on Wednesday, April 30th. They now have a $60.00 price target on the stock. Finally, analysts at Robert W. Baird downgraded shares of G & K Services from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 3rd. They now have a $72.00 price target on the stock. They noted that the move was a valuation call.
G & K Services (NYSE:GK) traded down 0.64% on Tuesday, hitting $52.87. The stock had a trading volume of 33,069 shares. G & K Services has a 52 week low of $45.41 and a 52 week high of $65.36. The stock’s 50-day moving average is $53.4 and its 200-day moving average is $58.94. The company has a market cap of $1.055 billion and a P/E ratio of 26.90.
G & K Services (NYSE:GK) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.01. The company had revenue of $225.00 million for the quarter, compared to the consensus estimate of $224.64 million. During the same quarter last year, the company posted $0.69 earnings per share. G & K Services’s revenue was up 3.4% compared to the same quarter last year. On average, analysts predict that G & K Services will post $2.88 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 20th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Monday, June 2nd.
G&K Services, Inc, provides branded uniform and facility services programs. The Company serves a base of approximately 165,000 customers.
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