Topline Capital Management LLC Buys 25,632 Shares of Unifirst Corporation $UNF

Key Points

• Topline Capital Management LLC increased its stake in Unifirst Corporation by 109.9%, now owning 48,961 shares valued at approximately $8.52 million.
• Unifirst reported a quarterly earnings per share of $2.13, slightly exceeding analyst expectations, with a total revenue of $610.78 million.
• The company has declared a quarterly dividend of $0.35 per share, with a yield of 0.8%, reflecting a low payout ratio of 17.20%.

Topline Capital Management LLC boosted its stake in shares of Unifirst Corporation (NYSE:UNF - Free Report) by 109.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 48,961 shares of the textile maker's stock after buying an additional 25,632 shares during the period. Unifirst makes up approximately 1.9% of Topline Capital Management LLC's holdings, making the stock its 13th biggest holding. Topline Capital Management LLC owned 0.26% of Unifirst worth $8,519,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Cetera Investment Advisers raised its holdings in Unifirst by 3.1% during the 4th quarter. Cetera Investment Advisers now owns 2,231 shares of the textile maker's stock worth $382,000 after buying an additional 68 shares during the period. GAMMA Investing LLC raised its holdings in Unifirst by 59.9% during the 1st quarter. GAMMA Investing LLC now owns 227 shares of the textile maker's stock worth $39,000 after buying an additional 85 shares during the period. DAVENPORT & Co LLC raised its holdings in Unifirst by 1.1% during the 1st quarter. DAVENPORT & Co LLC now owns 7,613 shares of the textile maker's stock worth $1,325,000 after buying an additional 86 shares during the period. Fifth Third Bancorp raised its holdings in Unifirst by 88.7% during the 1st quarter. Fifth Third Bancorp now owns 266 shares of the textile maker's stock worth $46,000 after buying an additional 125 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Unifirst by 8.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,827 shares of the textile maker's stock valued at $313,000 after purchasing an additional 150 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Unifirst Stock Performance

UNF traded up $1.00 during trading on Monday, reaching $178.13. 104,309 shares of the stock were exchanged, compared to its average volume of 80,434. The stock has a market cap of $3.30 billion, a P/E ratio of 21.88 and a beta of 0.86. Unifirst Corporation has a twelve month low of $156.34 and a twelve month high of $243.70. The stock's 50 day moving average price is $176.05 and its two-hundred day moving average price is $183.83.

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

Unifirst Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently issued reports on UNF. UBS Group lowered their price objective on shares of Unifirst from $196.00 to $194.00 and set a "neutral" rating on the stock in a report on Monday, June 30th. Robert W. Baird set a $197.00 price objective on shares of Unifirst in a report on Monday, June 30th. JPMorgan Chase & Co. began coverage on shares of Unifirst in a report on Monday, July 14th. They issued an "underweight" rating and a $175.00 price objective on the stock. Finally, Barclays set a $152.00 price objective on shares of Unifirst and gave the company an "underweight" rating in a report on Monday, June 30th. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.