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 sell rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" UNF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in UNF, but not buy additional shares or sell existing shares.
View UNF analyst ratings or view top-rated stocks.

2 equities research analysts have issued 12 month price objectives for UniFirst's stock. Their UNF share price forecasts range from $195.00 to $195.00. On average, they expect the company's share price to reach $195.00 in the next twelve months. This suggests that the stock has a possible downside of 0.2%.
View analysts price targets for UNF or view top-rated stocks among Wall Street analysts.

UniFirst's stock was trading at $210.40 at the start of the year. Since then, UNF shares have decreased by 7.2% and is now trading at $195.31.
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UniFirst saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 261,700 shares, an increase of 49.7% from the June 30th total of 174,800 shares. Based on an average trading volume of 77,500 shares, the days-to-cover ratio is currently 3.4 days. Currently, 1.8% of the shares of the stock are sold short.
View UniFirst's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our UNF earnings forecast.

UniFirst Co. (NYSE:UNF) released its earnings results on Wednesday, June, 29th. The textile maker reported $1.77 EPS for the quarter, missing analysts' consensus estimates of $1.93 by $0.16. The textile maker had revenue of $511.50 million for the quarter, compared to the consensus estimate of $500.61 million. UniFirst had a trailing twelve-month return on equity of 6.86% and a net margin of 5.74%. The firm's revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.21 earnings per share.

UniFirst announced a quarterly dividend on Wednesday, July 13th. Stockholders of record on Wednesday, September 7th will be paid a dividend of $0.30 per share on Wednesday, September 28th. This represents a $1.20 annualized dividend and a yield of 0.61%. The ex-dividend date is Tuesday, September 6th.
Read our dividend analysis for UNF.

UniFirst (NYSE:UNF) pays an annual dividend of $1.20 per share and currently has a dividend yield of 0.61%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNF will have a dividend payout ratio of 14.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for UNF.

UniFirst updated its FY 2022 earnings guidance on Wednesday, July, 27th. The company provided earnings per share (EPS) guidance of $6.65-$6.85 for the period, compared to the consensus EPS estimate of $6.91. The company issued revenue guidance of $1.99 billion-$2.00 billion, compared to the consensus revenue estimate of $1.97 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 number of retail and institutional investors. Top institutional investors include River Road Asset Management LLC (4.52%), Kayne Anderson Rudnick Investment Management LLC (4.34%), JPMorgan Chase & Co. (2.68%), Victory Capital Management Inc. (2.30%), Northern Trust Corp (1.55%) and Copeland Capital Management LLC (1.05%). Insiders that own company stock include Cecelia Levenstein, Cynthia Croatti, David A Difillippo, David Martin Katz, Kathleen M Camilli, Kathleen M Camilli, Matthew Croatti, Michael A Croatti, Michael Iandoli, Phillip L Cohen, Steven S Sintros and William Masters Ross.
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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 $195.31.

UniFirst (NYSE:UNF) has a market capitalization of $3.66 billion and generates $1.83 billion in revenue each year. The textile maker earns $151.11 million in net income (profit) each year or $5.89 on an earnings per share basis.

The company employs 14,000 workers across the globe.

UniFirst was founded in 1936.

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.