Unifirst Corporation (UNF) Holdings Trimmed by TimesSquare Capital Management LLC
TimesSquare Capital Management LLC lowered its holdings in shares of Unifirst Corporation (NYSE:UNF) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,510 shares of the textile maker’s stock after selling 1,850 shares during the period. TimesSquare Capital Management LLC owned approximately 1.62% of Unifirst Corporation worth $46,081,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Swiss National Bank increased its position in shares of Unifirst Corporation by 2.4% during the 2nd quarter. Swiss National Bank now owns 25,900 shares of the textile maker’s stock valued at $3,644,000 after purchasing an additional 600 shares during the period. Eagle Asset Management Inc. increased its position in shares of Unifirst Corporation by 3.9% during the 2nd quarter. Eagle Asset Management Inc. now owns 21,362 shares of the textile maker’s stock valued at $3,005,000 after purchasing an additional 793 shares during the period. Airain ltd acquired a new position in shares of Unifirst Corporation during the 2nd quarter valued at $308,000. Royce & Associates LP increased its position in shares of Unifirst Corporation by 3.8% during the 2nd quarter. Royce & Associates LP now owns 813,720 shares of the textile maker’s stock valued at $114,490,000 after purchasing an additional 29,500 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Unifirst Corporation by 5.4% during the 2nd quarter. Victory Capital Management Inc. now owns 557,307 shares of the textile maker’s stock valued at $78,413,000 after purchasing an additional 28,617 shares during the period. 73.47% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on UNF. Zacks Investment Research upgraded Unifirst Corporation from a “hold” rating to a “buy” rating and set a $162.00 price target on the stock in a research report on Wednesday. Robert W. Baird upgraded Unifirst Corporation from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $145.00 to $163.00 in a report on Thursday, June 29th. Finally, BidaskClub cut Unifirst Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th.
Unifirst Corporation (NYSE:UNF) opened at 141.70 on Friday. The firm has a market capitalization of $2.87 billion, a PE ratio of 26.11 and a beta of 0.70. Unifirst Corporation has a one year low of $116.67 and a one year high of $147.65. The company has a 50 day moving average price of $140.36 and a 200-day moving average price of $138.50.
Unifirst Corporation (NYSE:UNF) last released its quarterly earnings data on Wednesday, June 28th. The textile maker reported $1.36 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.02. Unifirst Corporation had a net margin of 7.12% and a return on equity of 7.41%. The business had revenue of $409.80 million during the quarter, compared to analysts’ expectations of $396.07 million. During the same quarter in the prior year, the company earned $1.49 EPS. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. On average, equities analysts predict that Unifirst Corporation will post $4.93 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend is Thursday, September 7th. Unifirst Corporation’s dividend payout ratio is currently 2.77%.
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.
Want to see what other hedge funds are holding UNF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unifirst Corporation (NYSE:UNF).
Receive News & Stock Ratings for Unifirst Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unifirst Corporation and related stocks with our FREE daily email newsletter.