Intrepid Capital Management Inc. Makes New Investment in UniFirst Corporation $UNF

Intrepid Capital Management Inc. acquired a new position in shares of UniFirst Corporation (NYSE:UNF) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 14,310 shares of the textile maker’s stock, valued at approximately $2,760,000.

Several other hedge funds have also recently bought and sold shares of UNF. Royal Bank of Canada grew its holdings in shares of UniFirst by 7.8% during the first quarter. Royal Bank of Canada now owns 27,152 shares of the textile maker’s stock worth $4,724,000 after purchasing an additional 1,974 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of UniFirst by 13.4% during the first quarter. AQR Capital Management LLC now owns 5,069 shares of the textile maker’s stock worth $882,000 after purchasing an additional 599 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of UniFirst by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,966 shares of the textile maker’s stock worth $1,560,000 after purchasing an additional 397 shares during the last quarter. Millennium Management LLC grew its holdings in shares of UniFirst by 37.3% during the first quarter. Millennium Management LLC now owns 105,331 shares of the textile maker’s stock worth $18,328,000 after purchasing an additional 28,589 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of UniFirst by 3.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 34,914 shares of the textile maker’s stock worth $6,075,000 after purchasing an additional 1,326 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

UniFirst Stock Down 3.8%

Shares of UNF stock opened at $265.23 on Friday. The stock has a 50-day moving average price of $261.39 and a 200 day moving average price of $231.73. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 35.94 and a beta of 0.63. UniFirst Corporation has a 12 month low of $147.66 and a 12 month high of $283.77.

UniFirst (NYSE:UNF) last announced its quarterly earnings data on Wednesday, April 1st. The textile maker reported $1.13 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 6.49% and a net margin of 5.49%.UniFirst’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.31 earnings per share. Sell-side analysts predict that UniFirst Corporation will post 7.21 earnings per share for the current fiscal year.

UniFirst Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, June 5th. UniFirst’s dividend payout ratio (DPR) is presently 19.78%.

Analysts Set New Price Targets

Several analysts have recently commented on UNF shares. Weiss Ratings upgraded UniFirst from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. UBS Group increased their target price on UniFirst from $206.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Finally, Barclays increased their target price on UniFirst from $250.00 to $280.00 and gave the stock an “equal weight” rating in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $228.25.

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).