2,130 Shares in Unifirst Corporation (UNF) Purchased by Eaton Vance Management
Eaton Vance Management acquired a new stake in shares of Unifirst Corporation (NYSE:UNF) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,130 shares of the textile maker’s stock, valued at approximately $300,000.
A number of other large investors also recently added to or reduced their stakes in the stock. Swiss National Bank boosted its position in 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. boosted its position in 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 Unifirst Corporation during the 2nd quarter valued at approximately $308,000. Royce & Associates LP boosted its position in 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. boosted its position in 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. Institutional investors and hedge funds own 73.47% of the company’s stock.
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Unifirst Corporation from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a research report on Tuesday, September 12th. BidaskClub lowered Unifirst Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Robert W. Baird upgraded 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.
Unifirst Corporation (NYSE:UNF) opened at 151.55 on Thursday. The firm’s 50-day moving average price is $141.00 and its 200-day moving average price is $139.18. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 27.93 and a beta of 0.70. Unifirst Corporation has a 12 month low of $116.67 and a 12 month high of $152.95.
Unifirst Corporation (NYSE:UNF) last issued its earnings results on Wednesday, June 28th. The textile maker reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.02. Unifirst Corporation had a return on equity of 7.41% and a net margin of 7.12%. The business had revenue of $409.80 million during the quarter, compared to analysts’ expectations of $396.07 million. During the same period in the prior year, the firm posted $1.49 EPS. Unifirst Corporation’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities research analysts predict that Unifirst Corporation will post $4.93 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.10%. Unifirst Corporation’s payout ratio is presently 2.77%.
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Unifirst Corporation 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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