UniFirst (NYSE: UNF) was raised by research analysts Robert W. Baird from a “neutral” rating to an “outperforming” rating in a rating issued Thursday to investors, reports Analyst Price Targets.
Meanwhile, Zacks Investment Research downgraded UniFirst’s shares from a “sell” rating to a “keep” rating in a report released on Wednesday, December 22.
UNF shares traded up $ 3.13 at midday Thursday, reaching $ 199.15. The stock had a trade volume of 95,392 shares, compared to an average volume of 95,948. UniFirst has a 52-week low of $ 189.84 and a 52-week high of $ 258.86. The company’s fifty-day moving average is $ 201.98 and its 200-day moving average is $ 213.63. The company has a market cap of $ 3.76 billion, a price-to-earnings ratio of 25.08 and a beta of 0.98.
UniFirst (NYSE: UNF) last reported its quarterly results on Tuesday, January 4. The textile maker reported earnings of $ 2.00 per share (EPS) for the quarter, beating the Zacks consensus estimate of $ 1.95 by $ 0.05. UniFirst had a net margin of 8.27% and a return on equity of 8.29%. During the same period last year, the company made a profit of $ 2.20 per share. As a group, research analysts predict UniFirst will post 7.67 EPS for the current fiscal year.
In addition, vice-president David Martin Katz sold 379 shares in a transaction dated Tuesday, January 4. The shares were sold at an average price of $ 212.00, for a total trade of $ 80,348.00. The sale was disclosed in a legal file with the SEC, which is available at this link. In addition, Executive Vice President Cynthia Croatti sold 588 shares in a transaction dated Monday, December 13. The stock was sold for an average price of $ 202.37, for a total trade of $ 118,993.56. Disclosure of this sale can be found here. During the past ninety days, insiders have sold 1,052 shares of the company valued at $ 216,543. 1.20% of the shares are currently owned by insiders.
A number of large investors have recently changed their holdings of equities. Boyar Asset Management Inc. increased its holdings in UniFirst by 4.8% in the third quarter. Boyar Asset Management Inc. now owns 1,091 shares of the textile maker valued at $ 232,000 after buying 50 more shares in the last quarter. Aurora Investment Counsel increased its stake in UniFirst by 0.9% during the third quarter. Aurora Investment Counsel now owns 6,337 shares of the textile maker valued at $ 1,347,000 after purchasing 57 additional shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in UniFirst by 1.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 4,624 shares of the textile maker valued at $ 1,085,000 after buying 62 more shares in the last quarter. Marshall Wace North America LP increased its stake in UniFirst by 17.4% during the first quarter. Marshall Wace North America LP now owns 473 shares of the textile maker valued at $ 73,000 after buying 70 more shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in UniFirst by 26.8% during the third quarter. First Horizon Advisors Inc. now owns 360 shares of the textile maker valued at $ 63,000 after purchasing 76 more shares in the last quarter. 76.87% of the shares are currently held by hedge funds and other institutional investors.
UniFirst Company Profile
UniFirst Corp. deals with the design, manufacture, customization, rental, cleaning, delivery and sale of a range of uniforms and protective clothing. It operates in the following segments: Rental and Cleaning in the United States, Rental and Cleaning in Canada, Specialty Clothing Manufacturing, Rental and Cleaning, First Aid and Corporate.
Further reading: highs and lows over 52 weeks
Should you invest $ 1,000 in UniFirst now?
Before you consider UniFirst, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the top five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and UniFirst was not on the list.
While UniFirst currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here