S&P 500   4,532.76
DOW   35,028.65
QQQ   366.48
S&P 500   4,532.76
DOW   35,028.65
QQQ   366.48
S&P 500   4,532.76
DOW   35,028.65
QQQ   366.48
S&P 500   4,532.76
DOW   35,028.65
QQQ   366.48

Insider Selling: UniFirst Co. (NYSE:UNF) Major Shareholder Sells 73 Shares of Stock

Friday, January 14, 2022 | MarketBeat

UniFirst Co. (NYSE:UNF) major shareholder Matthew Croatti sold 73 shares of the stock in a transaction dated Thursday, January 13th. The stock was sold at an average price of $192.99, for a total transaction of $14,088.27. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Matthew Croatti also recently made the following trade(s):

  • On Monday, December 13th, Matthew Croatti sold 85 shares of UniFirst stock. The shares were sold at an average price of $202.37, for a total transaction of $17,201.45.

Shares of UniFirst stock traded down $0.55 during mid-day trading on Friday, hitting $194.22. 1,132 shares of the stock were exchanged, compared to its average volume of 74,019. UniFirst Co. has a 12 month low of $189.84 and a 12 month high of $258.86. The company has a 50-day simple moving average of $201.49 and a 200 day simple moving average of $212.53. The company has a market capitalization of $3.66 billion, a P/E ratio of 25.86 and a beta of 0.98.

UniFirst (NYSE:UNF) last posted its earnings results on Tuesday, January 4th. The textile maker reported $2.00 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.95 by $0.05. UniFirst had a net margin of 7.66% and a return on equity of 7.95%. The firm had revenue of $486.16 million for the quarter, compared to analysts' expectations of $475.55 million. During the same quarter last year, the firm earned $2.20 EPS. On average, research analysts predict that UniFirst Co. will post 7.26 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 30th. Stockholders of record on Wednesday, March 9th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, March 8th. This represents a $1.20 annualized dividend and a dividend yield of 0.62%. UniFirst's payout ratio is currently 15.98%.

Several hedge funds have recently modified their holdings of the company. Boyar Asset Management Inc. grew its stake in UniFirst by 4.8% in the 3rd quarter. Boyar Asset Management Inc. now owns 1,091 shares of the textile maker's stock valued at $232,000 after buying an additional 50 shares in the last quarter. Aurora Investment Counsel grew its stake in UniFirst by 0.9% in the 3rd quarter. Aurora Investment Counsel now owns 6,337 shares of the textile maker's stock valued at $1,347,000 after buying an additional 57 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in UniFirst by 1.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 4,624 shares of the textile maker's stock valued at $1,085,000 after buying an additional 62 shares in the last quarter. Marshall Wace North America L.P. grew its stake in UniFirst by 17.4% in the 1st quarter. Marshall Wace North America L.P. now owns 473 shares of the textile maker's stock valued at $73,000 after buying an additional 70 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in UniFirst by 26.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 360 shares of the textile maker's stock valued at $63,000 after buying an additional 76 shares in the last quarter. Institutional investors own 76.77% of the company's stock.

Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of UniFirst from a "hold" rating to a "sell" rating in a research report on Saturday, January 8th. Robert W. Baird raised shares of UniFirst from a "neutral" rating to an "outperform" rating in a research report on Thursday, January 6th.

About UniFirst

UniFirst Corp. engages in the design, manufacture, personalization, rental, cleaning, delivery, and sale of a range of uniforms and protective clothing. It operates through following segments: U.S. Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, First Aid, and Corporate.

Recommended Story: Upside/Downside Explained

Insider Buying and Selling by Quarter for UniFirst (NYSE:UNF)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in UniFirst right now?

Before you consider UniFirst, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UniFirst wasn't on the list.

While UniFirst currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.