UniFirst - UNF Stock Forecast, Price & News

2 Wall Street equities 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 equities research analysts is that investors should "hold" UniFirst stock. 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.
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2 brokers have issued 12-month price targets for UniFirst's shares. Their UNF stock forecasts range from $195.00 to $195.00. On average, they anticipate UniFirst's share price to reach $195.00 in the next twelve months. This suggests a possible upside of 1.3% from the stock's current price.
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UniFirst's stock was trading at $210.40 at the start of the year. Since then, UNF stock has decreased by 8.6% and is now trading at $192.41.
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UniFirst saw a increase in short interest during 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 daily trading volume, of 77,500 shares, the days-to-cover ratio is currently 3.4 days. Currently, 1.8% of the shares of the company are sold short.
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UniFirst is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
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UniFirst Co. (NYSE:UNF) released its quarterly earnings data on Wednesday, June, 29th. The textile maker reported $1.77 earnings per share for the quarter, missing analysts' consensus estimates of $1.93 by $0.16. The textile maker earned $511.50 million during the quarter, compared to analysts' expectations 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 for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.21 EPS.

UniFirst announced a quarterly dividend on Wednesday, July 13th. Investors of record on Wednesday, September 7th will be given a dividend of $0.30 per share on Wednesday, September 28th. This represents a $1.20 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Tuesday, September 6th.
View UniFirst's dividend history.

UniFirst(NYSE:UNF) pays an annual dividend of $1.20 per share and currently has a dividend yield of 0.62%. UniFirst does not yet have a strong track record of dividend growth. The dividend payout ratio of UniFirst is 20.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UniFirst will have a dividend payout ratio of 14.94% next year. This indicates that UniFirst will be able to sustain or increase its dividend.
View UniFirst's dividend history.

UniFirst issued an update on its FY 2022 earnings guidance on Wednesday, July, 27th. The company provided EPS guidance of $6.65-$6.85 for the period, compared to the consensus earnings per share 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 CEO Steven S. Sintros on Glassdoor.com. Steven S. Sintros has an approval rating of 95% among UniFirst'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 institutional and retail investors. Top institutional investors include River Road Asset Management LLC (4.52%), Victory Capital Management Inc. (2.30%), Copeland Capital Management LLC (1.05%), Boston Trust Walden Corp (0.95%), Envestnet Asset Management Inc. (0.39%) and Chartwell Investment Partners LLC (0.32%). Company insiders that own UniFirst 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.
View institutional ownership trends for UniFirst.

Shares of UNF 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 $192.41.

UniFirst (NYSE:UNF) has a market capitalization of $3.60 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.

UniFirst 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 UniFirst 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.