Mutual of America Capital Management LLC raised its holdings in UniFirst Co. (NYSE:UNF – Get Rating) by 5.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,191 shares of the textile maker’s stock after purchasing an additional 111 shares during the quarter. Mutual of America Capital Management LLC’s holdings in UniFirst were worth $404,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in UNF. Allspring Global Investments Holdings LLC purchased a new stake in UniFirst in the fourth quarter valued at $801,000. State of New Jersey Common Pension Fund D boosted its stake in shares of UniFirst by 22.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 14,282 shares of the textile maker’s stock worth $3,005,000 after acquiring an additional 2,592 shares in the last quarter. Yousif Capital Management LLC purchased a new stake in shares of UniFirst during the 4th quarter worth about $2,886,000. CWM LLC purchased a new stake in shares of UniFirst during the 4th quarter worth about $1,571,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of UniFirst during the 4th quarter worth about $4,749,000. 77.61% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
UNF has been the topic of several recent analyst reports. StockNews.com lowered shares of UniFirst from a “buy” rating to a “hold” rating in a research note on Saturday, May 21st. Robert W. Baird lowered their target price on shares of UniFirst from $213.00 to $195.00 in a research note on Wednesday, May 18th.
UniFirst Stock Up 1.2 %
UNF opened at $195.89 on Monday. UniFirst Co. has a twelve month low of $154.72 and a twelve month high of $232.75. The company has a 50-day moving average price of $171.26 and a 200 day moving average price of $175.44. The company has a market cap of $3.67 billion, a PE ratio of 33.26 and a beta of 0.90.
UniFirst (NYSE:UNF – Get Rating) last released its quarterly earnings results on Wednesday, June 29th. The textile maker reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.16). UniFirst had a return on equity of 6.86% and a net margin of 5.74%. The company had revenue of $511.50 million for the quarter, compared to analyst estimates of $500.61 million. During the same quarter last year, the company earned $2.21 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, sell-side analysts expect that UniFirst Co. will post 6.76 earnings per share for the current year.
UniFirst Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 7th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a $1.20 dividend on an annualized basis and a yield of 0.61%. UniFirst’s payout ratio is 20.37%.
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.
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