UniFirst Corp (UNF) VP William Masters Ross Sells 119 Shares

UniFirst Corp (NYSE:UNF) VP William Masters Ross sold 119 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $153.00, for a total transaction of $18,207.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

William Masters Ross also recently made the following trade(s):

  • On Monday, January 8th, William Masters Ross sold 125 shares of UniFirst stock. The shares were sold at an average price of $171.70, for a total transaction of $21,462.50.

Shares of UniFirst Corp (UNF) traded up $0.17 during midday trading on Wednesday, reaching $153.52. 6,138 shares of the company traded hands, compared to its average volume of 79,374. The company has a market capitalization of $3,131.61, a price-to-earnings ratio of 28.06, a PEG ratio of 2.85 and a beta of 0.64. UniFirst Corp has a fifty-two week low of $124.85 and a fifty-two week high of $176.15.

UniFirst (NYSE:UNF) last issued its earnings results on Wednesday, January 3rd. The textile maker reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.19. The business had revenue of $415.80 million for 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%. UniFirst’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.38 earnings per share. analysts predict that UniFirst Corp will post 5.41 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.10%. The ex-dividend date is Thursday, March 8th. UniFirst’s dividend payout ratio is presently 4.03%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio boosted its stake in UniFirst by 100.0% during the fourth quarter. Strs Ohio now owns 800 shares of the textile maker’s stock worth $131,000 after acquiring an additional 400 shares in the last quarter. Sei Investments Co. lifted its stake 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 valued at $162,000 after buying an additional 1,064 shares in the last quarter. Shelton Capital Management bought a new position in shares of UniFirst in the second quarter valued at $216,000. CIBC Asset Management Inc bought a new position in shares of UniFirst in the fourth quarter valued at $235,000. Finally, Amalgamated Bank lifted its stake in shares of UniFirst by 2.0% in the second quarter. Amalgamated Bank now owns 2,086 shares of the textile maker’s stock valued at $294,000 after buying an additional 40 shares in the last quarter. 72.97% of the stock is currently owned by institutional investors and hedge funds.

UNF has been the topic of several research analyst reports. Zacks Investment Research lowered shares of UniFirst from a “hold” rating to a “strong sell” rating in a research note on Saturday, October 21st. Northcoast Research reissued a “neutral” rating on shares of UniFirst in a research note on Thursday, October 19th. Finally, Robert W. Baird increased their target price on shares of UniFirst from $163.00 to $171.00 and gave the stock an “outperform” rating in a research note on Thursday, October 19th.

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About UniFirst

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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