UniFirst Corp. (NYSE:UNF) will be issuing its quarterly earnings data on Wednesday, October 19th. Parties that are interested in participating in the company’s conference call can do so using this link.
Shares of UniFirst Corp. (NYSE:UNF) opened at 131.10 on Tuesday. UniFirst Corp. has a 52-week low of $96.90 and a 52-week high of $137.01. The firm’s 50 day moving average is $130.95 and its 200-day moving average is $118.58. The company has a market capitalization of $2.66 billion, a P/E ratio of 22.38 and a beta of 0.79.
In other news, VP David A. Difillippo sold 1,267 shares of the stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $115.48, for a total value of $146,313.16. Following the completion of the transaction, the vice president now owns 3,512 shares in the company, valued at approximately $405,565.76. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Steven S. Sintros sold 1,083 shares of the stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $114.77, for a total transaction of $124,295.91. Following the completion of the transaction, the chief financial officer now owns 2,666 shares of the company’s stock, valued at approximately $305,976.82. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in UNF. Pacad Investment Ltd. acquired a new position in shares of UniFirst Corp. during the second quarter worth about $231,000. Cubist Systematic Strategies LLC acquired a new position in shares of UniFirst Corp. during the second quarter worth about $240,000. ProShare Advisors LLC boosted its position in shares of UniFirst Corp. by 1.0% in the second quarter. ProShare Advisors LLC now owns 2,191 shares of the company’s stock worth $254,000 after buying an additional 22 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of UniFirst Corp. during the second quarter worth about $255,000. Finally, Jefferies Group LLC acquired a new position in shares of UniFirst Corp. during the second quarter worth about $275,000. Institutional investors own 73.87% of the company’s stock.
UNF has been the subject of several research analyst reports. JPMorgan Chase & Co. reiterated a “hold” rating on shares of UniFirst Corp. in a research note on Thursday, June 30th. Zacks Investment Research cut shares of UniFirst Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 1st. Finally, Robert W. Baird cut shares of UniFirst Corp. from an “outperform” rating to a “neutral” rating and cut their target price for the company from $125.00 to $121.00 in a research note on Friday, July 1st.
UniFirst Corp. Company Profile
UniFirst Corporation (UniFirst) 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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