UniFirst’s rating (NYSE: UNF) has increased to surpass that of Robert W. Baird

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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.

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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

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