UniFirst (NYSE:UNF) Price Target Raised to $199.00

UniFirst (NYSE:UNF) had its price target raised by Robert W. Baird from $185.00 to $199.00 in a report released on Thursday, Benzinga reports. Robert W. Baird currently has a neutral rating on the textile maker’s stock.

Several other analysts have also commented on UNF. StockNews.com raised UniFirst from a hold rating to a buy rating in a research note on Tuesday, May 21st. UBS Group lifted their price objective on UniFirst from $184.00 to $186.00 and gave the company a neutral rating in a research report on Thursday, March 28th. Finally, Barclays lifted their price objective on UniFirst from $160.00 to $180.00 and gave the company an equal weight rating in a research report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $186.00.

UniFirst Trading Up 0.1 %

Shares of NYSE:UNF opened at $171.53 on Thursday. UniFirst has a 1-year low of $149.58 and a 1-year high of $187.22. The firm has a market capitalization of $3.20 billion, a PE ratio of 25.04 and a beta of 0.85. The business’s 50 day moving average is $160.84 and its 200-day moving average is $166.98.

UniFirst Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.32 dividend on an annualized basis and a yield of 0.77%. UniFirst’s payout ratio is 19.27%.

Insider Buying and Selling at UniFirst

In other UniFirst news, VP Michael A. Croatti sold 1,800 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $169.00, for a total value of $304,200.00. Following the completion of the transaction, the vice president now directly owns 5,747 shares of the company’s stock, valued at $971,243. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, VP Michael A. Croatti sold 1,800 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $169.00, for a total transaction of $304,200.00. Following the completion of the transaction, the vice president now directly owns 5,747 shares of the company’s stock, valued at $971,243. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Cecelia Levenstein sold 9,733 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $153.29, for a total value of $1,491,971.57. Following the transaction, the insider now directly owns 58,325 shares of the company’s stock, valued at $8,940,639.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,033 shares of company stock valued at $4,398,882. Company insiders own 0.74% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of UNF. SRS Capital Advisors Inc. raised its holdings in UniFirst by 16.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 825 shares of the textile maker’s stock worth $151,000 after acquiring an additional 118 shares in the last quarter. River Road Asset Management LLC raised its stake in UniFirst by 0.5% in the fourth quarter. River Road Asset Management LLC now owns 848,299 shares of the textile maker’s stock valued at $155,162,000 after buying an additional 4,078 shares during the period. Tudor Investment Corp Et Al raised its stake in UniFirst by 62.1% in the third quarter. Tudor Investment Corp Et Al now owns 36,782 shares of the textile maker’s stock valued at $5,996,000 after buying an additional 14,087 shares during the period. Victory Capital Management Inc. increased its stake in shares of UniFirst by 5.1% during the fourth quarter. Victory Capital Management Inc. now owns 446,335 shares of the textile maker’s stock worth $81,639,000 after purchasing an additional 21,685 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of UniFirst by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 203,465 shares of the textile maker’s stock worth $37,216,000 after purchasing an additional 7,633 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

About UniFirst

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It 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.