Unifirst Corporation (UNF) Shares Sold by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado cut its position in shares of Unifirst Corporation (NYSE:UNF) by 10.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,708 shares of the textile maker’s stock after selling 327 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Unifirst Corporation were worth $410,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Riverhead Capital Management LLC increased its stake in Unifirst Corporation 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 acquiring an additional 499 shares during the last quarter. Huntington National Bank increased its stake in Unifirst Corporation by 6.4% during the second quarter. Huntington National Bank now owns 1,285 shares of the textile maker’s stock worth $181,000 after acquiring an additional 77 shares during the last quarter. Shelton Capital Management acquired a new stake in Unifirst Corporation during the second quarter worth about $216,000. KCG Holdings Inc. acquired a new stake in Unifirst Corporation during the first quarter worth about $235,000. Finally, Amalgamated Bank increased its stake in Unifirst Corporation by 2.0% during 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 during the last quarter. Institutional investors own 73.54% of the company’s stock.
Several equities research analysts have commented on the company. Zacks Investment Research upgraded Unifirst Corporation from a “hold” rating to a “buy” rating and set a $162.00 price target for the company in a research note on Wednesday, September 6th. Northcoast Research restated a “neutral” rating on shares of Unifirst Corporation in a research note on Thursday, October 19th. Finally, Robert W. Baird upped their price target on Unifirst Corporation from $163.00 to $171.00 and gave the stock an “outperform” rating in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $165.00.
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Shares of Unifirst Corporation (NYSE:UNF) opened at $152.75 on Wednesday. Unifirst Corporation has a 12 month low of $124.85 and a 12 month high of $162.40. The stock has a market capitalization of $3,061.52, a PE ratio of 28.60, a PEG ratio of 2.87 and a beta of 0.74.
Unifirst Corporation (NYSE:UNF) last posted its earnings results on Wednesday, October 18th. The textile maker reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.20. Unifirst Corporation had a return on equity of 7.53% and a net margin of 4.40%. The business had revenue of $403.60 million during the quarter, compared to analyst estimates of $392.15 million. During the same quarter last year, the firm earned $1.27 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. research analysts expect that Unifirst Corporation will post 5.26 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 8th will be paid a $0.0375 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.10%. Unifirst Corporation’s dividend payout ratio (DPR) is currently 4.37%.
About Unifirst Corporation
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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