UniFirst Co. (NYSE:UNF) EVP Sells $97,266.96 in Stock

UniFirst Co. (NYSE:UNF) EVP Cynthia Croatti sold 504 shares of UniFirst stock in a transaction dated Thursday, January 13th. The shares were sold at an average price of $192.99, for a total transaction of $97,266.96. The sale was disclosed in a filing with the SEC, which is available through this link.

Cynthia Croatti also recently made the following trade(s):

  • On Monday, December 13th, Cynthia Croatti sold 588 shares of UniFirst stock. The shares were sold at an average price of $202.37, for a total transaction of $118,993.56.

UNF stock traded down $0.55 during midday trading on Friday, reaching $194.22. 1,132 shares of the company’s stock traded hands, compared to its average volume of 74,019. The company has a 50-day simple moving average of $201.49 and a two-hundred day simple moving average of $212.53. UniFirst Co. has a 1-year low of $189.84 and a 1-year high of $258.86. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 25.84 and a beta of 0.98.

UniFirst (NYSE:UNF) last released its quarterly earnings results on Tuesday, January 4th. The textile maker reported $2.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.95 by $0.05. The firm had revenue of $486.16 million during the quarter, compared to analysts’ expectations of $475.55 million. UniFirst had a return on equity of 7.95% and a net margin of 7.66%. During the same period last year, the firm posted $2.20 EPS. On average, sell-side analysts anticipate that UniFirst Co. will post 7.26 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 30th. Shareholders of record on Wednesday, March 9th will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, March 8th. This represents a $1.20 dividend on an annualized basis and a yield of 0.62%. UniFirst’s payout ratio is 15.98%.

A number of research firms recently weighed in on UNF. Robert W. Baird raised UniFirst from a “neutral” rating to an “outperform” rating in a report on Thursday, January 6th. Zacks Investment Research cut UniFirst from a “hold” rating to a “sell” rating in a report on Saturday, January 8th.

Several large investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its position in shares of UniFirst by 1.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 7,400 shares of the textile maker’s stock worth $1,557,000 after purchasing an additional 100 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in UniFirst by 73.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 196 shares of the textile maker’s stock worth $41,000 after acquiring an additional 83 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in UniFirst by 19.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 1,356 shares of the textile maker’s stock worth $285,000 after acquiring an additional 220 shares in the last quarter. Balyasny Asset Management LLC lifted its holdings in UniFirst by 15.0% during the third quarter. Balyasny Asset Management LLC now owns 1,156 shares of the textile maker’s stock worth $246,000 after acquiring an additional 151 shares in the last quarter. Finally, Comerica Bank lifted its holdings in UniFirst by 192.7% during the third quarter. Comerica Bank now owns 44,667 shares of the textile maker’s stock worth $9,508,000 after acquiring an additional 29,407 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

UniFirst Company Profile

UniFirst Corp. engages in the design, manufacture, personalization, rental, cleaning, delivery, and sale of a range of uniforms and protective clothing. It operates through following segments: U.S. Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, First Aid, and Corporate.

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Insider Buying and Selling by Quarter for UniFirst (NYSE:UNF)

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