Unifirst Corporation (UNF) VP Sells $139,446.00 in Stock

Unifirst Corporation (NYSE:UNF) VP David Martin Katz sold 1,098 shares of Unifirst Corporation stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $127.00, for a total value of $139,446.00. Following the completion of the sale, the vice president now directly owns 2,666 shares in the company, valued at approximately $338,582. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

David Martin Katz also recently made the following trade(s):

  • On Monday, January 9th, David Martin Katz sold 1,089 shares of Unifirst Corporation stock. The shares were sold at an average price of $129.39, for a total value of $140,905.71.
  • On Thursday, December 8th, David Martin Katz sold 1,191 shares of Unifirst Corporation stock. The shares were sold at an average price of $145.95, for a total value of $173,826.45.

Unifirst Corporation (NYSE:UNF) opened at 127.70 on Wednesday. Unifirst Corporation has a 12-month low of $100.58 and a 12-month high of $147.65. The company’s 50-day moving average price is $132.07 and its 200-day moving average price is $131.54. The company has a market cap of $2.59 billion, a PE ratio of 22.09 and a beta of 0.76.

Unifirst Corporation (NYSE:UNF) last issued its quarterly earnings results on Wednesday, January 4th. The company reported $1.38 EPS for the quarter, missing the Zacks’ consensus estimate of $1.58 by $0.20. The firm had revenue of $386.10 million for the quarter, compared to the consensus estimate of $393.08 million. Unifirst Corporation had a net margin of 7.92% and a return on equity of 7.99%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $1.78 EPS. Equities analysts anticipate that Unifirst Corporation will post $4.94 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, March 8th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. Unifirst Corporation’s dividend payout ratio (DPR) is presently 2.60%.

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A number of analysts recently issued reports on the company. Zacks Investment Research raised Unifirst Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, December 28th. William Blair reaffirmed a “market perform” rating on shares of Unifirst Corporation in a research report on Tuesday, January 17th.

Institutional investors have recently added to or reduced their stakes in the company. Strs Ohio boosted its position in Unifirst Corporation by 3.2% in the second quarter. Strs Ohio now owns 9,800 shares of the company’s stock worth $1,134,000 after buying an additional 300 shares during the period. American Century Companies Inc. bought a new position in Unifirst Corporation during the second quarter worth about $4,149,000. Nordea Investment Management AB bought a new position in Unifirst Corporation during the second quarter worth about $617,000. JPMorgan Chase & Co. boosted its position in Unifirst Corporation by 3,831.9% in the second quarter. JPMorgan Chase & Co. now owns 4,679 shares of the company’s stock worth $541,000 after buying an additional 4,560 shares during the period. Finally, Nationwide Fund Advisors boosted its position in Unifirst Corporation by 2.5% in the second quarter. Nationwide Fund Advisors now owns 12,274 shares of the company’s stock worth $1,420,000 after buying an additional 303 shares during the period. 75.94% of the stock is currently owned by institutional investors.

About Unifirst Corporation

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.

5 Day Chart for NYSE:UNF

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