UniFirst Corporation $UNF Holdings Decreased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL trimmed its position in UniFirst Corporation (NYSE:UNF) by 56.5% in the third quarter, Holdings Channel.com reports. The fund owned 34,274 shares of the textile maker’s stock after selling 44,588 shares during the period. Tudor Investment Corp ET AL’s holdings in UniFirst were worth $5,730,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of UniFirst by 378.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 153 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 121 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of UniFirst by 474.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 155 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 128 shares during the last quarter. Danske Bank A S bought a new stake in shares of UniFirst in the 3rd quarter valued at approximately $33,000. Cornerstone Planning Group LLC bought a new stake in shares of UniFirst in the 3rd quarter valued at approximately $36,000. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of UniFirst by 1,244.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 336 shares of the textile maker’s stock valued at $56,000 after acquiring an additional 311 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UNF. Robert W. Baird set a $198.00 price target on UniFirst in a report on Thursday, January 8th. UBS Group upped their price objective on UniFirst from $206.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Barclays upped their price objective on UniFirst from $250.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 12th. Weiss Ratings restated a “hold (c)” rating on shares of UniFirst in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded UniFirst from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, UniFirst has an average rating of “Reduce” and a consensus price target of $228.25.

Insider Activity at UniFirst

In other news, VP David Martin Katz sold 1,464 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $237.54, for a total transaction of $347,758.56. Following the completion of the sale, the vice president directly owned 6,461 shares of the company’s stock, valued at $1,534,745.94. This represents a 18.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.86% of the stock is currently owned by corporate insiders.

UniFirst Stock Up 1.5%

Shares of UniFirst stock opened at $258.64 on Thursday. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 35.05 and a beta of 0.66. The business has a fifty day simple moving average of $243.56 and a 200-day simple moving average of $200.09. UniFirst Corporation has a fifty-two week low of $147.66 and a fifty-two week high of $283.77.

UniFirst (NYSE:UNF) last announced its quarterly earnings data on Wednesday, April 1st. The textile maker reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.08). The firm had revenue of $622.51 million during the quarter, compared to analyst estimates of $614.91 million. UniFirst had a net margin of 5.49% and a return on equity of 6.49%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.31 EPS. Analysts anticipate that UniFirst Corporation will post 7.71 earnings per share for the current fiscal year.

UniFirst Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were issued a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, March 6th. UniFirst’s dividend payout ratio is currently 19.78%.

UniFirst Profile

UniFirst Corporation (NYSE: UNF) is a leading provider of customized uniform rental and facility service programs in North America and Europe. The company specializes in the rental, laundering and maintenance of workwear, corporate apparel and protective garments for a broad range of industries, including manufacturing, automotive, hospitality, healthcare and food processing. UniFirst also offers a suite of facility service products such as entrance mats, restroom supplies, wipers, mops and hygienic services designed to help customers maintain clean and safe environments.

In addition to its core uniform rental business, UniFirst has expanded its product portfolio to include safety and first-responder gear, flame-resistant clothing, high-visibility apparel and personal protective equipment (PPE).