UniFirst Corp (UNF) Major Shareholder The Ronald D. Croatti Trust – 1 Sells 2,200 Shares

UniFirst Corp (NYSE:UNF) major shareholder The Ronald D. Croatti Trust – 1 sold 2,200 shares of the firm’s stock in a transaction that occurred on Wednesday, October 17th. The stock was sold at an average price of $152.65, for a total value of $335,830.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of UniFirst stock opened at $150.31 on Friday. UniFirst Corp has a 12 month low of $144.30 and a 12 month high of $193.05. The firm has a market cap of $2.93 billion, a P/E ratio of 20.18, a P/E/G ratio of 2.24 and a beta of 0.55.

UniFirst (NYSE:UNF) last announced its quarterly earnings data on Wednesday, October 17th. The textile maker reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.42. UniFirst had a return on equity of 8.54% and a net margin of 9.33%. The business had revenue of $434.10 million during the quarter, compared to analysts’ expectations of $421.45 million. During the same period in the previous year, the firm earned $1.44 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Analysts anticipate that UniFirst Corp will post 6.85 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC grew its stake in UniFirst by 8.6% in the second quarter. Piedmont Investment Advisors LLC now owns 3,591 shares of the textile maker’s stock valued at $635,000 after acquiring an additional 283 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in UniFirst by 43.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 947 shares of the textile maker’s stock valued at $168,000 after acquiring an additional 286 shares during the period. Xact Kapitalforvaltning AB grew its stake in UniFirst by 13.8% in the second quarter. Xact Kapitalforvaltning AB now owns 2,479 shares of the textile maker’s stock valued at $439,000 after acquiring an additional 300 shares during the period. Sei Investments Co. grew its stake in UniFirst by 24.7% in the first quarter. Sei Investments Co. now owns 1,519 shares of the textile maker’s stock valued at $245,000 after acquiring an additional 301 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in UniFirst by 30.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,698 shares of the textile maker’s stock valued at $301,000 after acquiring an additional 393 shares during the period. 76.38% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have issued reports on the company. Robert W. Baird lifted their price objective on UniFirst from $183.00 to $198.00 and gave the company an “outperform” rating in a research report on Thursday, June 28th. Barrington Research reissued a “hold” rating on shares of UniFirst in a research note on Friday, June 29th. Zacks Investment Research cut UniFirst from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, ValuEngine cut UniFirst from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $188.00.

UniFirst Company Profile

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Canada, and Europe. It operates through US Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. 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, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.

Read More: Earnings Per Share (EPS) Explained

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

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