Insider Selling: UniFirst Co. (NYSE:UNF) CEO Sells $217,895.98 in Stock

UniFirst Co. (NYSE:UNF) CEO Steven S. Sintros sold 982 shares of the stock in a transaction dated Thursday, April 1st. The stock was sold at an average price of $221.89, for a total transaction of $217,895.98. Following the sale, the chief executive officer now directly owns 17,587 shares in the company, valued at approximately $3,902,379.43. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

UniFirst stock opened at $219.54 on Thursday. The company has a market cap of $4.14 billion, a PE ratio of 32.29 and a beta of 1.03. The company’s 50-day moving average is $236.94 and its two-hundred day moving average is $208.99. UniFirst Co. has a 1 year low of $145.96 and a 1 year high of $258.86.

UniFirst (NYSE:UNF) last announced its quarterly earnings results on Tuesday, March 30th. The textile maker reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.03. UniFirst had a net margin of 7.25% and a return on equity of 7.48%. On average, research analysts expect that UniFirst Co. will post 7.5 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 29th. Investors of record on Tuesday, June 8th will be given a $0.25 dividend. The ex-dividend date is Monday, June 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. UniFirst’s dividend payout ratio is 14.03%.

A number of research firms have issued reports on UNF. Robert W. Baird restated a “neutral” rating and set a $248.00 target price (up from $240.00) on shares of UniFirst in a research report on Monday, March 22nd. Zacks Investment Research downgraded shares of UniFirst from a “buy” rating to a “hold” rating in a research report on Wednesday.

Several large investors have recently made changes to their positions in UNF. Norges Bank acquired a new stake in shares of UniFirst in the 4th quarter valued at approximately $49,281,000. BlackRock Inc. raised its position in shares of UniFirst by 5.3% in the 4th quarter. BlackRock Inc. now owns 2,312,987 shares of the textile maker’s stock valued at $489,636,000 after acquiring an additional 116,125 shares during the period. Sirios Capital Management L P acquired a new stake in UniFirst during the 4th quarter worth approximately $21,443,000. Vaughan Nelson Investment Management L.P. raised its holdings in UniFirst by 27.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 234,042 shares of the textile maker’s stock worth $49,545,000 after buying an additional 50,895 shares during the period. Finally, M&G Investment Management Ltd. raised its holdings in UniFirst by 58.9% during the 4th quarter. M&G Investment Management Ltd. now owns 118,749 shares of the textile maker’s stock worth $25,175,000 after buying an additional 44,010 shares during the period. Institutional investors and hedge funds own 78.22% of the company’s stock.

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.

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

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