Cecelia Levenstein Sells 5,500 Shares of UniFirst Co. (NYSE:UNF) Stock

UniFirst Co. (NYSE:UNFGet Free Report) major shareholder Cecelia Levenstein sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $155.76, for a total transaction of $856,680.00. Following the transaction, the insider now directly owns 68,058 shares in the company, valued at $10,600,714.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Cecelia Levenstein also recently made the following trade(s):

  • On Monday, June 3rd, Cecelia Levenstein sold 11,000 shares of UniFirst stock. The stock was sold at an average price of $158.73, for a total transaction of $1,746,030.00.

UniFirst Trading Down 0.8 %

Shares of UniFirst stock traded down $1.28 on Friday, reaching $151.95. The stock had a trading volume of 41,221 shares, compared to its average volume of 83,201. The business’s 50 day moving average is $161.17 and its two-hundred day moving average is $168.42. UniFirst Co. has a 1 year low of $149.58 and a 1 year high of $187.22. The company has a market cap of $2.84 billion, a P/E ratio of 24.90 and a beta of 0.85.

UniFirst (NYSE:UNFGet Free Report) last posted its earnings results on Wednesday, March 27th. The textile maker reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.19). The firm had revenue of $590.71 million during the quarter, compared to analysts’ expectations of $587.56 million. UniFirst had a return on equity of 6.19% and a net margin of 4.92%. On average, equities analysts anticipate that UniFirst Co. will post 7.48 EPS for the current fiscal year.

UniFirst Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, June 7th. UniFirst’s dividend payout ratio is currently 21.60%.

Wall Street Analyst Weigh In

Several research firms have weighed in on UNF. StockNews.com raised UniFirst from a “hold” rating to a “buy” rating in a research report on Tuesday, May 21st. Barclays boosted their price target on shares of UniFirst from $160.00 to $180.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th. Finally, UBS Group boosted their target price on shares of UniFirst from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, UniFirst has an average rating of “Hold” and a consensus target price of $177.75.

View Our Latest Report on UNF

Institutional Investors Weigh In On UniFirst

Hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of UniFirst during the 4th quarter worth $28,362,000. M&G Plc bought a new position in shares of UniFirst during the 1st quarter valued at about $19,842,000. Assenagon Asset Management S.A. lifted its position in UniFirst by 1,555.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 55,320 shares of the textile maker’s stock worth $9,594,000 after buying an additional 51,979 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of UniFirst by 42.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 114,520 shares of the textile maker’s stock worth $18,668,000 after acquiring an additional 34,279 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in UniFirst by 5.1% during the fourth quarter. Victory Capital Management Inc. now owns 446,335 shares of the textile maker’s stock valued at $81,639,000 after buying an additional 21,685 shares during the period. 78.17% of the stock is currently owned by institutional investors.

UniFirst Company Profile

(Get Free Report)

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and 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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