Troluce Capital Advisors LLC Invests $530,000 in Unifirst Corporation $UNF

Key Points

• Troluce Capital Advisors LLC purchased a new stake in UniFirst Corporation valued at approximately $530,000, representing around 0.2% of its investment portfolio.
• UniFirst recently reported $2.13 earnings per share for the last quarter, surpassing analysts' expectations, with a revenue of $610.78 million.
• The company announced a quarterly dividend of $0.35, leading to an annualized dividend yield of 0.8% for shareholders.

Troluce Capital Advisors LLC acquired a new stake in Unifirst Corporation (NYSE:UNF - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,048 shares of the textile maker's stock, valued at approximately $530,000. Unifirst comprises about 0.2% of Troluce Capital Advisors LLC's holdings, making the stock its 23rd biggest holding.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of Unifirst by 59.9% in the 1st quarter. GAMMA Investing LLC now owns 227 shares of the textile maker's stock valued at $39,000 after buying an additional 85 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Unifirst by 88.7% in the 1st quarter. Fifth Third Bancorp now owns 266 shares of the textile maker's stock valued at $46,000 after buying an additional 125 shares during the last quarter. Vestcor Inc bought a new stake in Unifirst in the 1st quarter valued at $87,000. Summit Securities Group LLC bought a new stake in Unifirst in the 1st quarter valued at $104,000. Finally, Orion Capital Management LLC bought a new stake in Unifirst in the 4th quarter valued at $104,000. Institutional investors and hedge funds own 78.17% of the company's stock.

Unifirst Price Performance

NYSE UNF traded down $0.89 on Friday, reaching $178.07. The stock had a trading volume of 91,611 shares, compared to its average volume of 75,527. The firm has a fifty day moving average of $175.17 and a two-hundred day moving average of $183.01. Unifirst Corporation has a 1-year low of $156.34 and a 1-year high of $243.70. The company has a market cap of $3.30 billion, a P/E ratio of 21.88 and a beta of 0.86.

Unifirst (NYSE:UNF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 2nd. The textile maker reported $2.13 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.04. Unifirst had a return on equity of 7.35% and a net margin of 6.18%.The firm had revenue of $610.78 million for the quarter, compared to analyst estimates of $614.50 million. During the same period in the prior year, the firm posted $2.20 EPS. The company's revenue for the quarter 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 predict that Unifirst Corporation will post 7.71 EPS for the current fiscal year.

Unifirst Announces Dividend

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

Wall Street Analysts Forecast Growth

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

About Unifirst

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.