UniFirst (UNF) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for UniFirst in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" UNF shares.
View UNF analyst ratings or view top-rated stocks.

2 equities research analysts have issued 1 year price targets for UniFirst's stock. Their UNF share price forecasts range from $150.00 to $203.00. On average, they predict the company's stock price to reach $179.33 in the next year. This suggests a possible upside of 10.0% from the stock's current price.
View analysts price targets for UNF or view top-rated stocks among Wall Street analysts.

UniFirst's stock was trading at $192.99 at the beginning of 2023. Since then, UNF shares have decreased by 15.5% and is now trading at $163.01.
View the best growth stocks for 2023 here.

UniFirst saw a increase in short interest in August. As of August 31st, there was short interest totaling 165,300 shares, an increase of 18.8% from the August 15th total of 139,200 shares. Based on an average daily volume of 79,400 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.1% of the company's stock are short sold.
View UniFirst's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our UNF earnings forecast.

UniFirst will be holding an earnings conference call on Wednesday, October 18th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

UniFirst Co. (NYSE:UNF) announced its quarterly earnings results on Wednesday, June, 28th. The textile maker reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.79 by $0.50. The textile maker earned $576.70 million during the quarter, compared to the consensus estimate of $564.19 million. UniFirst had a net margin of 4.69% and a trailing twelve-month return on equity of 6.03%. The firm's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business earned $1.77 earnings per share.

UniFirst announced a quarterly dividend on Tuesday, July 11th. Shareholders of record on Thursday, September 7th will be paid a dividend of $0.31 per share on Thursday, September 28th. This represents a $1.24 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Wednesday, September 6th.
Read our dividend analysis for UNF.

ETFs with the largest weight of UniFirst (NYSE:UNF) stock in their portfolio include Qraft AI-Enhanced Next Value ETF (NVQ) and Invesco S&P SmallCap Industrials ETF (PSCI).SPDR S&P 600 Small Cap ETF (SLY).

UniFirst (NYSE:UNF) pays an annual dividend of $1.24 per share and currently has a dividend yield of 0.76%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNF will have a dividend payout ratio of 15.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for UNF.

193 employees have rated UniFirst Chief Executive Officer Steven S. Sintros on Glassdoor.com. Steven S. Sintros has an approval rating of 95% among the company's employees. This puts Steven S. Sintros in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other UniFirst investors own include Tesla (TSLA), Walt Disney (DIS), Abbott Laboratories (ABT), Netflix (NFLX), Teladoc Health (TDOC), Carnival Co. & (CCL), Lululemon Athletica (LULU), AbbVie (ABBV), Alibaba Group (BABA) and Booking (BKNG).

UniFirst trades on the New York Stock Exchange (NYSE) under the ticker symbol "UNF."

Shares of UNF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UNF stock can currently be purchased for approximately $163.01.

UniFirst (NYSE:UNF) has a market capitalization of $3.05 billion and generates $2.00 billion in revenue each year. The textile maker earns $103.40 million in net income (profit) each year or $5.44 on an earnings per share basis.

The company employs 14,000 workers across the globe.

UniFirst's mailing address is 68 JONSPIN RD, WILMINGTON MA, 01887. The official website for the company is www.unifirst.com. The textile maker can be reached via phone at (978) 658-8888, via email at ssintros@unifirst.com, or via fax at 978-988-0659.