1,572 Shares in Unifirst Corporation $UNF Acquired by Diversified Trust Co

Key Points

• Diversified Trust Co acquired 1,572 shares of Unifirst Corporation, with a value of approximately $296,000, during the second quarter.
• Analysts have rated Unifirst with a consensus of "Reduce," with price targets ranging from $152.00 to $197.00, reflecting caution regarding the stock's future performance.
• Unifirst announced a quarterly dividend of $0.35 per share, indicating a 0.8% yield, with the payment scheduled for September 26th.

Diversified Trust Co bought a new stake in Unifirst Corporation (NYSE:UNF - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,572 shares of the textile maker's stock, valued at approximately $296,000.

A number of other hedge funds also recently added to or reduced their stakes in UNF. Wealth Enhancement Advisory Services LLC lifted its position in Unifirst by 10.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,015 shares of the textile maker's stock valued at $353,000 after purchasing an additional 195 shares during the last quarter. Voya Investment Management LLC lifted its position in Unifirst by 34.0% in the 1st quarter. Voya Investment Management LLC now owns 14,757 shares of the textile maker's stock valued at $2,568,000 after purchasing an additional 3,742 shares during the last quarter. First Hawaiian Bank raised its holdings in shares of Unifirst by 24.3% during the first quarter. First Hawaiian Bank now owns 2,328 shares of the textile maker's stock valued at $405,000 after buying an additional 455 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of Unifirst by 150.5% during the first quarter. Inspire Investing LLC now owns 5,855 shares of the textile maker's stock valued at $1,019,000 after buying an additional 3,518 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Unifirst by 3.2% during the first quarter. Rhumbline Advisers now owns 51,883 shares of the textile maker's stock valued at $9,028,000 after buying an additional 1,585 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UNF has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. began coverage on Unifirst in a report on Monday, July 14th. They set an "underweight" rating and a $175.00 price target on the stock. Robert W. Baird set a $197.00 target price on Unifirst in a research note on Monday, June 30th. Barclays set a $152.00 price objective on shares of Unifirst and gave the company an "underweight" rating in a research note on Monday, June 30th. Finally, UBS Group cut their price objective on shares of Unifirst from $196.00 to $194.00 and set a "neutral" rating on the stock in a research note on Monday, June 30th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $179.50.

Unifirst Trading Down 0.2%

NYSE UNF opened at $166.68 on Thursday. Unifirst Corporation has a 1 year low of $156.34 and a 1 year high of $243.70. The stock's 50-day moving average price is $173.83 and its two-hundred day moving average price is $179.41. The company has a market cap of $3.09 billion, a PE ratio of 20.48 and a beta of 0.86.

Unifirst (NYSE:UNF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 2nd. The textile maker reported $2.13 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.04. Unifirst had a net margin of 6.18% and a return on equity of 7.35%. The firm had revenue of $610.78 million during the quarter, compared to analyst estimates of $614.50 million. During the same quarter last year, the business posted $2.20 EPS. The company's revenue was up 1.2% on a year-over-year basis. Unifirst has set its FY 2025 guidance at 7.600-8.00 EPS. Research analysts forecast that Unifirst Corporation will post 7.71 EPS for the current fiscal year.

Unifirst Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, September 5th. Unifirst's payout ratio is presently 17.20%.

Unifirst 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.

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