Rhumbline Advisers Has $9.03 Million Position in Unifirst Corporation $UNF

Key Points

• Rhumbline Advisers increased its position in Unifirst Corporation (NYSE:UNF) by 3.2%, owning 51,883 shares valued at approximately $9.03 million as of the latest SEC filing.
• Unifirst reported $2.13 earnings per share (EPS) for its most recent quarter, slightly exceeding analysts' expectations, but revenue fell short at $610.78 million.
• The company has announced a quarterly dividend of $0.35 per share, indicating a yield of 0.8%, with the dividend payout ratio currently at 17.20%.

Rhumbline Advisers grew its position in Unifirst Corporation (NYSE:UNF - Free Report) by 3.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 51,883 shares of the textile maker's stock after buying an additional 1,585 shares during the period. Rhumbline Advisers owned 0.28% of Unifirst worth $9,028,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Strs Ohio acquired a new stake in shares of Unifirst during the 1st quarter worth approximately $853,000. Geneos Wealth Management Inc. lifted its stake in shares of Unifirst by 474.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 155 shares of the textile maker's stock valued at $27,000 after purchasing an additional 128 shares during the period. Intech Investment Management LLC grew its stake in shares of Unifirst by 11.3% during the first quarter. Intech Investment Management LLC now owns 12,109 shares of the textile maker's stock worth $2,107,000 after purchasing an additional 1,228 shares during the period. Jane Street Group LLC increased its holdings in Unifirst by 729.0% in the first quarter. Jane Street Group LLC now owns 40,224 shares of the textile maker's stock valued at $6,999,000 after purchasing an additional 35,372 shares during the last quarter. Finally, SageView Advisory Group LLC boosted its holdings in Unifirst by 4.0% during the first quarter. SageView Advisory Group LLC now owns 1,643 shares of the textile maker's stock worth $286,000 after buying an additional 63 shares during the last quarter. Institutional investors own 78.17% of the company's stock.

Analyst Upgrades and Downgrades

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

Unifirst Trading Down 1.0%

NYSE UNF opened at $171.46 on Thursday. Unifirst Corporation has a 12 month low of $156.34 and a 12 month high of $243.70. The stock has a 50 day moving average of $174.56 and a 200-day moving average of $182.18. The company has a market cap of $3.18 billion, a PE ratio of 21.06 and a beta of 0.86.

Unifirst (NYSE:UNF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 2nd. The textile maker reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.04. The firm had revenue of $610.78 million for 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 prior year, the firm posted $2.20 earnings per share. Unifirst has set its FY 2025 guidance at 7.600-8.00 EPS. As a group, sell-side analysts predict that Unifirst Corporation will post 7.71 EPS for the current fiscal year.

Unifirst Dividend Announcement

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