Intrepid Capital Management Inc. purchased a new position in shares of UniFirst Corporation (NYSE:UNF – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,310 shares of the textile maker’s stock, valued at approximately $2,760,000. Intrepid Capital Management Inc. owned about 0.08% of UniFirst as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of UniFirst by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 787,418 shares of the textile maker’s stock worth $151,895,000 after buying an additional 14,751 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of UniFirst by 46.8% during the fourth quarter. First Trust Advisors LP now owns 451,194 shares of the textile maker’s stock worth $87,035,000 after buying an additional 143,853 shares during the last quarter. Brandes Investment Partners LP lifted its holdings in shares of UniFirst by 164.2% during the fourth quarter. Brandes Investment Partners LP now owns 367,786 shares of the textile maker’s stock worth $70,946,000 after buying an additional 228,586 shares during the last quarter. Cooper Creek Partners Management LLC lifted its holdings in shares of UniFirst by 20.3% during the third quarter. Cooper Creek Partners Management LLC now owns 214,107 shares of the textile maker’s stock worth $35,797,000 after buying an additional 36,179 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of UniFirst by 9.6% during the fourth quarter. Natixis Advisors LLC now owns 157,085 shares of the textile maker’s stock worth $30,302,000 after buying an additional 13,782 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.
UniFirst Trading Down 3.8%
Shares of NYSE UNF opened at $265.23 on Friday. The business has a fifty day simple moving average of $261.39 and a 200 day simple moving average of $231.73. UniFirst Corporation has a one year low of $147.66 and a one year high of $283.77. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 35.94 and a beta of 0.63.
UniFirst Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, June 5th. UniFirst’s dividend payout ratio is currently 19.78%.
Analyst Ratings Changes
A number of brokerages recently commented on UNF. Barclays upped their target price on UniFirst from $250.00 to $280.00 and gave the company an “equal weight” rating in a research note on Thursday, March 12th. UBS Group upped their target price on UniFirst from $206.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. Finally, Weiss Ratings upgraded UniFirst from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $228.25.
Get Our Latest Analysis on UNF
About UniFirst
UniFirst Corporation (NYSE: UNF) is a leading provider of customized uniform rental and facility service programs in North America and Europe. The company specializes in the rental, laundering and maintenance of workwear, corporate apparel and protective garments for a broad range of industries, including manufacturing, automotive, hospitality, healthcare and food processing. UniFirst also offers a suite of facility service products such as entrance mats, restroom supplies, wipers, mops and hygienic services designed to help customers maintain clean and safe environments.
In addition to its core uniform rental business, UniFirst has expanded its product portfolio to include safety and first-responder gear, flame-resistant clothing, high-visibility apparel and personal protective equipment (PPE).
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