Insider Selling: UniFirst Corp (NYSE:UNF) VP Sells 87 Shares of Stock

UniFirst Corp (NYSE:UNF) VP William Masters Ross sold 87 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $165.13, for a total value of $14,366.31. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

UNF traded up $1.73 on Thursday, hitting $159.72. 85,000 shares of the company were exchanged, compared to its average volume of 118,905. UniFirst Corp has a 12 month low of $132.38 and a 12 month high of $193.05. The firm has a market capitalization of $3.03 billion, a PE ratio of 21.44 and a beta of 0.68.

UniFirst (NYSE:UNF) last released its earnings results on Wednesday, March 27th. The textile maker reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.15. The business had revenue of $437.50 million for the quarter, compared to analyst estimates of $434.90 million. UniFirst had a return on equity of 8.89% and a net margin of 8.73%. UniFirst’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.38 earnings per share. On average, equities research analysts anticipate that UniFirst Corp will post 6.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.1125 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.45 annualized dividend and a yield of 0.28%. UniFirst’s dividend payout ratio is 6.04%.

Separately, Zacks Investment Research upgraded UniFirst from a “sell” rating to a “hold” rating in a report on Thursday, February 28th.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in UniFirst by 0.4% in the first quarter. BlackRock Inc. now owns 2,233,667 shares of the textile maker’s stock valued at $342,868,000 after buying an additional 9,151 shares during the period. Vanguard Group Inc. raised its stake in UniFirst by 1.8% in the third quarter. Vanguard Group Inc. now owns 1,525,600 shares of the textile maker’s stock valued at $264,920,000 after buying an additional 26,297 shares during the period. Dimensional Fund Advisors LP raised its stake in UniFirst by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 744,247 shares of the textile maker’s stock valued at $114,243,000 after buying an additional 8,986 shares during the period. Janus Henderson Group PLC raised its stake in UniFirst by 24.0% in the first quarter. Janus Henderson Group PLC now owns 714,003 shares of the textile maker’s stock valued at $109,599,000 after buying an additional 138,172 shares during the period. Finally, TPG Group Holdings SBS Advisors Inc. raised its stake in UniFirst by 109.5% in the first quarter. TPG Group Holdings SBS Advisors Inc. now owns 633,352 shares of the textile maker’s stock valued at $97,220,000 after buying an additional 331,065 shares during the period. Hedge funds and other institutional investors own 77.07% of the company’s stock.

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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. Rental and Cleaning, 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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Insider Buying and Selling by Quarter for UniFirst (NYSE:UNF)

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