Shares of Unifirst Corporation (NYSE:UNF) have received an average broker rating score of 2.67 (Hold) from the six analysts that cover the company, Zacks Investment Research reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokers have set a 1-year consensus price target of $158.00 for the company and are forecasting that the company will post $1.41 EPS for the current quarter, according to Zacks. Zacks has also given Unifirst an industry rank of 223 out of 265 based on the ratings given to its competitors.
UNF has been the subject of a number of research reports. Robert W. Baird upped their price objective on shares of Unifirst from $163.00 to $171.00 and gave the stock an “outperform” rating in a research note on Thursday, October 19th. Zacks Investment Research lowered shares of Unifirst from a “hold” rating to a “strong sell” rating in a research note on Saturday, October 21st. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Unifirst in a research note on Thursday, October 19th.
Unifirst (NYSE:UNF) last posted its quarterly earnings results on Wednesday, October 18th. The textile maker reported $1.44 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.20. The firm had revenue of $403.60 million for the quarter, compared to analysts’ expectations of $392.15 million. Unifirst had a net margin of 4.40% and a return on equity of 7.53%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 earnings per share. sell-side analysts expect that Unifirst will post 5.26 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 8th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date is Thursday, December 7th. Unifirst’s dividend payout ratio (DPR) is presently 4.37%.
A number of large investors have recently added to or reduced their stakes in UNF. Teachers Advisors LLC lifted its stake in Unifirst by 2.1% in the first quarter. Teachers Advisors LLC now owns 28,744 shares of the textile maker’s stock worth $4,066,000 after acquiring an additional 582 shares during the period. Aperio Group LLC lifted its position in shares of Unifirst by 2.3% during the second quarter. Aperio Group LLC now owns 4,585 shares of the textile maker’s stock valued at $645,000 after buying an additional 104 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Unifirst by 0.5% during the second quarter. Russell Investments Group Ltd. now owns 160,718 shares of the textile maker’s stock valued at $22,625,000 after buying an additional 854 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position in shares of Unifirst by 3.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,640 shares of the textile maker’s stock valued at $512,000 after buying an additional 120 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in shares of Unifirst by 3.8% during the second quarter. Great West Life Assurance Co. Can now owns 22,381 shares of the textile maker’s stock valued at $3,146,000 after buying an additional 810 shares during the last quarter. 74.21% of the stock is owned by institutional investors.
UniFirst Corporation is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments.
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