UniFirst Co. (NYSE:UNF) CEO Sells $619,079.28 in Stock

UniFirst Co. (NYSE:UNF) CEO Steven S. Sintros sold 3,207 shares of UniFirst stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $193.04, for a total value of $619,079.28. Following the completion of the transaction, the chief executive officer now owns 22,571 shares of the company’s stock, valued at $4,357,105.84. The trade was a 12.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

UniFirst Trading Up 2.1 %

Shares of NYSE UNF opened at $200.23 on Monday. The stock has a 50 day moving average of $191.32 and a two-hundred day moving average of $179.99. UniFirst Co. has a twelve month low of $149.58 and a twelve month high of $205.38. The stock has a market cap of $3.72 billion, a P/E ratio of 25.77 and a beta of 0.82.

UniFirst Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be paid a dividend of $0.35 per share. This is an increase from UniFirst’s previous quarterly dividend of $0.33. The ex-dividend date is Friday, December 6th. This represents a $1.40 annualized dividend and a dividend yield of 0.70%. UniFirst’s dividend payout ratio is 18.02%.

Analysts Set New Price Targets

Several equities analysts recently commented on UNF shares. Robert W. Baird increased their target price on UniFirst from $199.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. StockNews.com raised UniFirst from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, UniFirst has a consensus rating of “Hold” and a consensus target price of $186.25.

Institutional Trading of UniFirst

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in UniFirst by 60.5% in the 3rd quarter. GAMMA Investing LLC now owns 183 shares of the textile maker’s stock valued at $36,000 after buying an additional 69 shares during the period. Quarry LP lifted its position in UniFirst by 1,627.3% in the second quarter. Quarry LP now owns 190 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 179 shares during the period. First Horizon Advisors Inc. boosted its holdings in UniFirst by 16.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 367 shares of the textile maker’s stock valued at $73,000 after purchasing an additional 52 shares in the last quarter. Covestor Ltd increased its position in UniFirst by 69.7% during the 1st quarter. Covestor Ltd now owns 414 shares of the textile maker’s stock worth $72,000 after purchasing an additional 170 shares during the period. Finally, TD Private Client Wealth LLC raised its stake in shares of UniFirst by 291.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 466 shares of the textile maker’s stock worth $93,000 after buying an additional 347 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

UniFirst Company Profile

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.