UniFirst Co. (NYSE:UNF) Shares Sold by Dimensional Fund Advisors LP

Posted by Defense World Staff on Sep 8th, 2023

Dimensional Fund Advisors LP decreased its holdings in UniFirst Co. (NYSE:UNF – Free Report) by 2.1% in the first quarter, HoldingsChannel.com reports. The firm owned 618,127 shares of the textile maker’s stock after selling 13,423 shares during the quarter. Dimensional Fund Advisors LP’s holdings in UniFirst were worth $108,931,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Covestor Ltd increased its position in shares of UniFirst by 187.4% in the first quarter. Covestor Ltd now owns 273 shares of the textile maker’s stock valued at $50,000 after buying an additional 178 shares in the last quarter. Cerity Partners LLC purchased a new stake in UniFirst in the 1st quarter worth $835,000. Point72 Hong Kong Ltd purchased a new stake in UniFirst in the 1st quarter worth $69,000. Trifecta Capital Advisors LLC purchased a new position in UniFirst during the first quarter valued at $70,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of UniFirst by 29.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 454 shares of the textile maker’s stock valued at $80,000 after purchasing an additional 104 shares during the period. Institutional investors and hedge funds own 76.69% of the company’s stock.

UniFirst Price Performance

UNF opened at $173.89 on Friday. The company’s 50 day simple moving average is $164.10 and its two-hundred day simple moving average is $171.87. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 31.97 and a beta of 0.83. UniFirst Co. has a 1-year low of $150.50 and a 1-year high of $205.59.

UniFirst (NYSE:UNF – Get Free Report) last announced its quarterly earnings data on Wednesday, June 28th. The textile maker reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.50). The company had revenue of $576.70 million for the quarter, compared to analysts’ expectations of $564.19 million. UniFirst had a return on equity of 6.03% and a net margin of 4.69%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.77 EPS. On average, equities analysts anticipate that UniFirst Co. will post 6.92 earnings per share for the current fiscal year.

UniFirst Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 7th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Wednesday, September 6th. UniFirst’s dividend payout ratio is currently 22.79%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on UNF shares. JPMorgan Chase & Co. reduced their price target on shares of UniFirst from $155.00 to $150.00 in a research report on Thursday, June 29th. UBS Group began coverage on UniFirst in a report on Wednesday, May 31st. They set a “neutral” rating and a $185.00 target price for the company. Finally, StockNews.com assumed coverage on shares of UniFirst in a research note on Thursday, August 17th. They set a “hold” rating on the stock.

Get Our Latest Stock Report on UniFirst

UniFirst Company Profile

(Free Report)

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.