Eagle Asset Management Inc. increased its holdings in Unifirst Corporation (NYSE:UNF) by 6.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,647 shares of the textile maker’s stock after acquiring an additional 1,285 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.11% of Unifirst worth $3,485,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in UNF. PNC Financial Services Group Inc. grew its holdings in shares of Unifirst by 0.9% during the second quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the textile maker’s stock valued at $577,000 after purchasing an additional 36 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Unifirst by 2.0% during the second quarter. Amalgamated Bank now owns 2,086 shares of the textile maker’s stock valued at $294,000 after purchasing an additional 40 shares during the last quarter. Aperio Group LLC grew its holdings 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 purchasing an additional 104 shares during the last quarter. Texas Permanent School Fund grew its holdings in shares of Unifirst by 1.0% during the second quarter. Texas Permanent School Fund now owns 11,290 shares of the textile maker’s stock valued at $1,589,000 after purchasing an additional 114 shares during the last quarter. Finally, Martin & Co. Inc. TN grew its holdings in shares of Unifirst by 1.2% during the second quarter. Martin & Co. Inc. TN now owns 9,499 shares of the textile maker’s stock valued at $1,337,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 74.21% of the company’s stock.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Unifirst from a “hold” rating to a “strong sell” rating in a report on Saturday, October 21st. Northcoast Research reissued a “neutral” rating on shares of Unifirst in a report on Thursday, October 19th. Finally, Robert W. Baird increased their price objective on Unifirst from $163.00 to $171.00 and gave the stock an “outperform” rating in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $165.00.
Unifirst (NYSE:UNF) last issued its quarterly earnings data on Wednesday, October 18th. The textile maker reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.20. Unifirst had a return on equity of 7.53% and a net margin of 4.40%. The business had revenue of $403.60 million during the quarter, compared to analyst estimates of $392.15 million. During the same period in the prior year, the company posted $1.27 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. equities research analysts forecast that Unifirst Corporation will post 5.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 8th will be given a $0.0375 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.15 dividend on an annualized basis and a yield of 0.09%. Unifirst’s dividend payout ratio (DPR) is 4.35%.
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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