Unifirst Corporation (UNF) Given $148.00 Average Target Price by Analysts
Unifirst Corporation (NYSE:UNF) has received a consensus broker rating score of 2.67 (Hold) from the six analysts that provide coverage for the company, Zacks Investment Research reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Unifirst Corporation’s rating score has improved by 11% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokerages have set a one year consensus price target of $148.00 for the company and are predicting that the company will post $1.24 earnings per share for the current quarter, according to Zacks. Zacks has also given Unifirst Corporation an industry rank of 42 out of 265 based on the ratings given to related companies.
UNF has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Unifirst Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. BidaskClub downgraded shares of Unifirst Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Robert W. Baird raised shares of Unifirst Corporation from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $145.00 to $163.00 in a research report on Thursday, June 29th.
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Unifirst Corporation (UNF) traded down 1.21% during trading on Tuesday, reaching $138.25. 5,947 shares of the company’s stock traded hands. The stock has a market capitalization of $2.80 billion, a P/E ratio of 25.47 and a beta of 0.70. The stock has a 50-day moving average price of $140.14 and a 200 day moving average price of $137.16. Unifirst Corporation has a 1-year low of $116.67 and a 1-year high of $147.65.
Unifirst Corporation (NYSE:UNF) last released its earnings results on Wednesday, June 28th. The textile maker reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.02. The company had revenue of $409.80 million during the quarter, compared to the consensus estimate of $396.07 million. Unifirst Corporation had a net margin of 7.12% and a return on equity of 7.41%. The company’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.49 EPS. Equities research analysts expect that Unifirst Corporation will post $4.93 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid 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 Thursday, September 7th.
Hedge funds have recently modified their holdings of the company. Trust Co. of Vermont bought a new stake in shares of Unifirst Corporation during the second quarter worth $149,000. Riverhead Capital Management LLC raised its stake in shares of Unifirst Corporation by 83.2% in the second quarter. Riverhead Capital Management LLC now owns 1,099 shares of the textile maker’s stock worth $155,000 after buying an additional 499 shares in the last quarter. Huntington National Bank raised its stake in shares of Unifirst Corporation by 10.3% in the first quarter. Huntington National Bank now owns 1,208 shares of the textile maker’s stock worth $171,000 after buying an additional 113 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Unifirst Corporation during the first quarter worth $185,000. Finally, Citadel Advisors LLC bought a new stake in shares of Unifirst Corporation during the first quarter worth $213,000. 74.13% of the stock is owned by institutional investors.
Unifirst Corporation Company Profile
UniFirst Corporation 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.
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