FY2024 Earnings Estimate for UniFirst Co. Issued By William Blair (NYSE:UNF)

UniFirst Co. (NYSE:UNF) – Investment analysts at William Blair lifted their FY2024 earnings estimates for UniFirst in a research report issued to clients and investors on Wednesday, June 26th. William Blair analyst T. Mulrooney now expects that the textile maker will post earnings per share of $7.83 for the year, up from their prior estimate of $7.44. The consensus estimate for UniFirst’s current full-year earnings is $7.83 per share. William Blair also issued estimates for UniFirst’s Q3 2025 earnings at $2.22 EPS.

Several other equities analysts also recently commented on UNF. StockNews.com upgraded UniFirst from a “hold” rating to a “buy” rating in a research report on Tuesday, May 21st. JPMorgan Chase & Co. lifted their price objective on shares of UniFirst from $170.00 to $175.00 and gave the company an “underweight” rating in a research report on Thursday. Robert W. Baird boosted their target price on shares of UniFirst from $185.00 to $199.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, UBS Group raised their target price on shares of UniFirst from $186.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $186.00.

UniFirst Price Performance

UNF opened at $171.53 on Monday. The company has a 50 day simple moving average of $160.84 and a two-hundred day simple moving average of $166.98. The firm has a market cap of $3.20 billion, a P/E ratio of 25.04 and a beta of 0.85. UniFirst has a 1-year low of $149.58 and a 1-year high of $187.22.

Hedge Funds Weigh In On UniFirst

Several hedge funds have recently bought and sold shares of UNF. Price T Rowe Associates Inc. MD boosted its stake in shares of UniFirst by 5.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,330 shares of the textile maker’s stock valued at $2,139,000 after purchasing an additional 611 shares during the period. Quadrature Capital Ltd raised its stake in shares of UniFirst by 141.6% during the first quarter. Quadrature Capital Ltd now owns 3,800 shares of the textile maker’s stock valued at $660,000 after acquiring an additional 2,227 shares in the last quarter. EntryPoint Capital LLC bought a new position in UniFirst in the first quarter worth approximately $166,000. MQS Management LLC bought a new stake in UniFirst during the 1st quarter valued at $302,000. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of UniFirst by 5.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 16,093 shares of the textile maker’s stock worth $2,789,000 after buying an additional 760 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Insider Activity at UniFirst

In other news, major shareholder Cecelia Levenstein sold 11,000 shares of UniFirst stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $158.73, for a total value of $1,746,030.00. Following the completion of the transaction, the insider now owns 87,558 shares in the company, valued at approximately $13,898,081.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, major shareholder Cecelia Levenstein sold 11,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $158.73, for a total transaction of $1,746,030.00. Following the transaction, the insider now directly owns 87,558 shares in the company, valued at approximately $13,898,081.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael A. Croatti sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $169.00, for a total transaction of $304,200.00. Following the completion of the sale, the vice president now directly owns 5,747 shares of the company’s stock, valued at approximately $971,243. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,033 shares of company stock valued at $4,398,882. Insiders own 0.74% of the company’s stock.

UniFirst Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.77%. UniFirst’s dividend payout ratio (DPR) is presently 19.27%.

UniFirst Company Profile

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.