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 Wall Street research analysts have issued 1-year price objectives for UniFirst's shares. Their UNF share price forecasts range from $150.00 to $203.00. On average, they expect the company's stock price to reach $179.33 in the next year. This suggests a possible upside of 8.7% 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 start of the year. Since then, UNF stock has decreased by 14.5% and is now trading at $164.94.
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UniFirst saw a increase in short interest during the month of 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 presently 2.1 days. Approximately 1.1% of the shares of the 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 Co. (NYSE:UNF) issued its quarterly earnings results on Wednesday, June, 28th. The textile maker reported $1.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by $0.50. The textile maker had revenue of $576.70 million for the quarter, compared to analyst estimates 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 in the prior year, the firm posted $1.77 earnings per share.

UniFirst declared a quarterly dividend on Tuesday, July 11th. Stockholders of record on Thursday, September 7th will be given a dividend of $0.31 per share on Thursday, September 28th. This represents a $1.24 annualized dividend and a yield of 0.75%. 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 U.S. 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 0.75%. 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.

UniFirst issued an update on its FY 2023 earnings guidance on Thursday, June, 29th. The company provided earnings per share guidance of $5.02-$5.37 for the period, compared to the consensus EPS estimate of $7.13. The company issued revenue guidance of $2.22 billion-$2.23 billion, compared to the consensus revenue estimate of $2.22 billion.

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."

UniFirst's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.49%), London Co. of Virginia (5.08%), River Road Asset Management LLC (4.74%), Kayne Anderson Rudnick Investment Management LLC (3.85%), Dimensional Fund Advisors LP (3.36%) and State Street Corp (2.97%). Insiders that own company stock include Cynthia Croatti, David Martin Katz, Kathleen M Camilli, Kathleen M Camilli, Matthew Croatti, Michael A Croatti, Michael Iandoli, Shane O'connor, Steven S Sintros and William Masters Ross.
View institutional ownership trends.

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 $164.94.

UniFirst (NYSE:UNF) has a market capitalization of $3.08 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.