Jump Financial LLC Acquires Shares of 7,561 Unifirst Corporation $UNF

Key Points

• Jump Financial LLC has acquired a new stake in UniFirst Corporation, purchasing 7,561 shares valued at approximately $1.316 million during the first quarter.
• UniFirst reported earnings of $2.13 EPS for the latest quarter, surpassing analysts' expectations, with revenues of $610.78 million, which is a 1.2% increase year-over-year.
• The company declared a quarterly dividend of $0.35 per share, with an annualized yield of 0.8% and a payout ratio of 17.20%.

Jump Financial LLC purchased a new position in Unifirst Corporation (NYSE:UNF - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,561 shares of the textile maker's stock, valued at approximately $1,316,000.

A number of other large investors have also recently made changes to their positions in UNF. MetLife Investment Management LLC boosted its holdings in shares of Unifirst by 5.5% in the fourth quarter. MetLife Investment Management LLC now owns 9,052 shares of the textile maker's stock worth $1,549,000 after acquiring an additional 468 shares during the period. MML Investors Services LLC boosted its holdings in shares of Unifirst by 7.8% in the fourth quarter. MML Investors Services LLC now owns 8,875 shares of the textile maker's stock worth $1,518,000 after acquiring an additional 644 shares during the period. Hsbc Holdings PLC raised its position in shares of Unifirst by 83.8% in the fourth quarter. Hsbc Holdings PLC now owns 4,624 shares of the textile maker's stock worth $795,000 after buying an additional 2,108 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Unifirst in the fourth quarter worth $1,561,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Unifirst in the fourth quarter worth $301,000. 78.17% of the stock is owned by institutional investors.

Unifirst Price Performance

NYSE UNF traded down $1.50 during mid-day trading on Tuesday, reaching $176.33. The stock had a trading volume of 29,669 shares, compared to its average volume of 128,733. Unifirst Corporation has a 1 year low of $156.34 and a 1 year high of $243.70. The stock has a market cap of $3.27 billion, a PE ratio of 21.62 and a beta of 0.86. The company has a fifty day moving average price of $175.90 and a 200 day moving average price of $183.58.

Unifirst (NYSE:UNF - Get Free Report) last announced its earnings results on Wednesday, July 2nd. The textile maker reported $2.13 earnings per share for the quarter, beating analysts' consensus estimates of $2.09 by $0.04. The business had revenue of $610.78 million during the quarter, compared to analyst estimates of $614.50 million. Unifirst had a net margin of 6.18% and a return on equity of 7.35%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.20 EPS. Unifirst has set its FY 2025 guidance at 7.600-8.00 EPS. As a group, equities research analysts expect that Unifirst Corporation will post 7.71 earnings per share for the current year.

Unifirst Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, September 5th. Unifirst's dividend payout ratio is 17.20%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UNF. Robert W. Baird set a $197.00 price target on Unifirst in a research report on Monday, June 30th. UBS Group lowered their price target on Unifirst from $196.00 to $194.00 and set a "neutral" rating on the stock in a research report on Monday, June 30th. JPMorgan Chase & Co. assumed coverage on Unifirst in a research note on Monday, July 14th. They set an "underweight" rating and a $175.00 price objective on the stock. Finally, Barclays set a $152.00 price objective on Unifirst and gave the company an "underweight" rating in a research note on Monday, June 30th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $179.50.

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.