UniFirst Corp (NYSE:UNF) CEO Steven S. Sintros sold 750 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $206.16, for a total transaction of $154,620.00. Following the transaction, the chief executive officer now directly owns 15,106 shares in the company, valued at approximately $3,114,252.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

UniFirst stock traded up $6.36 during trading hours on Monday, reaching $213.59. The stock had a trading volume of 99,260 shares, compared to its average volume of 78,933. The stock has a market cap of $3.92 billion, a PE ratio of 25.07 and a beta of 0.71. UniFirst Corp has a 52 week low of $134.16 and a 52 week high of $217.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.57 and a quick ratio of 4.06. The company has a fifty day simple moving average of $206.34 and a 200-day simple moving average of $198.07.

UniFirst (NYSE:UNF) last announced its quarterly earnings results on Wednesday, January 8th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.51. The business had revenue of $465.40 million for the quarter, compared to analyst estimates of $459.19 million. UniFirst had a net margin of 9.89% and a return on equity of 10.21%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.10 EPS. Research analysts predict that UniFirst Corp will post 8.1 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Thursday, December 5th. This is a positive change from UniFirst’s previous quarterly dividend of $0.11. UniFirst’s dividend payout ratio (DPR) is 11.74%.

A number of institutional investors have recently made changes to their positions in UNF. NumerixS Investment Technologies Inc bought a new stake in UniFirst in the 2nd quarter worth $38,000. Marshall Wace North America L.P. grew its holdings in UniFirst by 17.4% in the 1st quarter. Marshall Wace North America L.P. now owns 473 shares of the textile maker’s stock worth $73,000 after acquiring an additional 70 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in UniFirst in the 3rd quarter worth $98,000. Point72 Hong Kong Ltd bought a new stake in UniFirst in the 2nd quarter worth $99,000. Finally, NEXT Financial Group Inc bought a new stake in UniFirst in the 3rd quarter worth $150,000. 79.35% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of UniFirst from a “hold” rating to a “strong-buy” rating and set a $239.00 target price on the stock in a report on Saturday. William Blair reaffirmed a “market perform” rating on shares of UniFirst in a report on Wednesday, January 8th.

UniFirst Company Profile

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.

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