UniFirst Corp (NYSE:UNF) VP Michael A. Croatti sold 1,202 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $170.26, for a total transaction of $204,652.52. Following the completion of the sale, the vice president now directly owns 4,420 shares in the company, valued at approximately $752,549.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

UniFirst Corp (UNF) traded up $0.20 during trading hours on Thursday, hitting $170.50. 57,100 shares of the stock were exchanged, compared to its average volume of 80,309. The firm has a market capitalization of $3,455.22, a price-to-earnings ratio of 45.83, a PEG ratio of 3.15 and a beta of 0.74. UniFirst Corp has a twelve month low of $124.85 and a twelve month high of $176.15.

UniFirst (NYSE:UNF) last posted its quarterly earnings data on Wednesday, January 3rd. The textile maker reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.19. The business had revenue of $415.80 million during the quarter, compared to analyst estimates of $404.60 million. UniFirst had a net margin of 4.69% and a return on equity of 7.72%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.38 earnings per share. sell-side analysts forecast that UniFirst Corp will post 5.41 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend is Thursday, March 8th. UniFirst’s dividend payout ratio (DPR) is 4.03%.

Several analysts have issued reports on UNF shares. Zacks Investment Research downgraded shares of UniFirst from a “hold” rating to a “strong sell” rating in a report on Saturday, October 21st. Northcoast Research reaffirmed a “neutral” rating on shares of UniFirst in a report on Thursday, October 19th. Finally, Robert W. Baird boosted their price objective on shares of UniFirst from $163.00 to $171.00 and gave the company an “outperform” rating in a research report on Thursday, October 19th.

Hedge funds have recently modified their holdings of the stock. Riverhead Capital Management LLC increased its position in UniFirst by 83.2% during the second quarter. Riverhead Capital Management LLC now owns 1,099 shares of the textile maker’s stock worth $155,000 after purchasing an additional 499 shares during the last quarter. Sei Investments Co. increased its position in shares of UniFirst by 26,600.0% in the third quarter. Sei Investments Co. now owns 1,068 shares of the textile maker’s stock worth $162,000 after acquiring an additional 1,064 shares in the last quarter. Shelton Capital Management acquired a new stake in shares of UniFirst in the second quarter worth $216,000. Amalgamated Bank increased its position in shares of UniFirst by 2.0% in the second quarter. Amalgamated Bank now owns 2,086 shares of the textile maker’s stock worth $294,000 after acquiring an additional 40 shares in the last quarter. Finally, Eaton Vance Management purchased a new position in shares of UniFirst in the second quarter valued at $300,000. 74.07% of the stock is owned by hedge funds and other institutional investors.

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UniFirst 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.

Insider Buying and Selling by Quarter for UniFirst (NYSE:UNF)

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