Citigroup Inc. grew its position in shares of UniFirst Co. (NYSE:UNF – Get Rating) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,510 shares of the textile maker’s stock after acquiring an additional 619 shares during the quarter. Citigroup Inc. owned 0.06% of UniFirst worth $2,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of the company. FORA Capital LLC bought a new stake in shares of UniFirst during the 4th quarter worth $212,000. UBS Group AG raised its stake in UniFirst by 294.6% in the 4th quarter. UBS Group AG now owns 7,498 shares of the textile maker’s stock valued at $1,447,000 after acquiring an additional 5,598 shares during the period. California Public Employees Retirement System raised its stake in UniFirst by 7.1% in the 4th quarter. California Public Employees Retirement System now owns 38,721 shares of the textile maker’s stock valued at $7,473,000 after acquiring an additional 2,569 shares during the period. Swiss National Bank raised its stake in UniFirst by 1.1% in the 4th quarter. Swiss National Bank now owns 36,400 shares of the textile maker’s stock valued at $7,025,000 after acquiring an additional 400 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in UniFirst by 18.4% in the 4th quarter. Russell Investments Group Ltd. now owns 10,852 shares of the textile maker’s stock valued at $2,094,000 after acquiring an additional 1,689 shares during the period. 77.73% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the company. TheStreet cut UniFirst from a “b-” rating to a “c+” rating in a research note on Wednesday, April 5th. Robert W. Baird lowered their price objective on UniFirst from $225.00 to $203.00 and set an “outperform” rating on the stock in a research note on Thursday, March 30th. Finally, StockNews.com assumed coverage on UniFirst in a report on Thursday, May 18th. They set a “buy” rating for the company.
UniFirst Stock Down 0.2 %
UniFirst (NYSE:UNF – Get Rating) last issued its quarterly earnings data on Wednesday, March 29th. The textile maker reported $0.95 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.40). UniFirst had a return on equity of 6.56% and a net margin of 4.88%. The business had revenue of $542.70 million for the quarter, compared to analysts’ expectations of $531.68 million. During the same period in the previous year, the firm posted $1.24 EPS. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, equities research analysts anticipate that UniFirst Co. will post 7.15 EPS for the current fiscal year.
UniFirst Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Thursday, June 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.73%. The ex-dividend date is Wednesday, June 7th. UniFirst’s dividend payout ratio is currently 22.63%.
UniFirst Profile
UniFirst Corp. engages in the provision of workplace uniforms and protective work wear clothing. It operates through following segments: the United States and Canadian Rental and Cleaning, Manufacturing (MFG), Specialty Garments, First Aid, and Corporate. The U.S. and Canadian Rental and Cleaning segment purchases, rents, cleans, delivers, and sells uniforms, protective clothing, and non-garment items.
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