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 "buy" UNF shares.
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2 equities research analysts have issued twelve-month target prices for UniFirst's stock. Their UNF share price forecasts range from $185.00 to $203.00. On average, they anticipate the company's stock price to reach $194.00 in the next twelve months. This suggests a possible upside of 13.4% from the stock's current price.
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UniFirst's stock was trading at $192.99 at the beginning of 2023. Since then, UNF shares have decreased by 11.3% and is now trading at $171.10.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 28th 2023.
View our UNF earnings forecast.

UniFirst will be holding an earnings conference call on Wednesday, June 28th 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 data on Wednesday, March, 29th. The textile maker reported $0.95 EPS for the quarter, missing analysts' consensus estimates of $1.35 by $0.40. The textile maker had revenue of $542.70 million for the quarter, compared to the consensus estimate of $531.68 million. UniFirst had a net margin of 4.88% and a trailing twelve-month return on equity of 6.56%. UniFirst's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 EPS.

UniFirst announced a quarterly dividend on Tuesday, April 4th. Investors of record on Thursday, June 8th will be given a dividend of $0.31 per share on Thursday, June 29th. This represents a $1.24 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Wednesday, June 7th.
Read our dividend analysis for UNF.

ETFs with the largest weight of UniFirst (NYSE:UNF) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Low Volatility ETF (XSLV), Qraft AI-Enhanced Next Value ETF (NVQ), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV), Franklin U.S. Small Cap Multifactor Index ETF (FLQS), Vanguard S&P Small-Cap 600 Growth ETF (VIOG), iShares S&P Small-Cap 600 Growth ETF (IJT) and SPDR S&P 600 Small Cap Growth ETF (SLYG).

UniFirst (NYSE:UNF) pays an annual dividend of $1.24 per share and currently has a dividend yield of 0.73%. 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 22.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNF will have a dividend payout ratio of 15.66% 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 Wednesday, March, 29th. The company provided EPS guidance of $5.02-$5.37 for the period, compared to the consensus EPS estimate of $7.55. The company issued revenue guidance of $2.21 billion-$2.22 billion, compared to the consensus revenue estimate of $2.16 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (12.63%), London Co. of Virginia (5.19%), River Road Asset Management LLC (4.26%), Kayne Anderson Rudnick Investment Management LLC (4.01%), Dimensional Fund Advisors LP (3.31%) and State Street Corp (2.94%). Insiders that own company stock include Cynthia Croatti, David Martin Katz, Kathleen M Camilli, Kathleen M Camilli, Matthew Croatti, Michael A Croatti, Michael Iandoli, Phillip L Cohen, 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 $171.10.

UniFirst (NYSE:UNF) has a market capitalization of $3.20 billion and generates $2.00 billion in revenue each year. The textile maker earns $103.40 million in net income (profit) each year or $5.48 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.