UniFirst (NYSE:UNF) Price Target Increased to $200.00 by Analysts at Robert W. Baird

UniFirst (NYSE:UNF - Free Report) had its price objective boosted by Robert W. Baird from $199.00 to $200.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the textile maker's stock.

UNF has been the topic of a number of other research reports. StockNews.com raised shares of UniFirst from a "hold" rating to a "buy" rating in a research note on Monday, August 12th. JPMorgan Chase & Co. increased their price target on shares of UniFirst from $170.00 to $175.00 and gave the stock an "underweight" rating in a research note on Thursday, June 27th. Finally, UBS Group increased their price target on shares of UniFirst from $186.00 to $190.00 and gave the stock a "neutral" rating in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $186.25.

UniFirst Stock Performance

NYSE UNF traded up $5.11 during mid-day trading on Thursday, reaching $189.11. 119,327 shares of the stock were exchanged, compared to its average volume of 86,042. UniFirst has a 1-year low of $149.58 and a 1-year high of $200.07. The business's fifty day simple moving average is $188.73 and its 200 day simple moving average is $175.17. The stock has a market capitalization of $3.53 billion, a PE ratio of 26.86 and a beta of 0.81.

Insider Activity

In other news, Director Michael Iandoli sold 682 shares of the firm's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $194.30, for a total value of $132,512.60. Following the transaction, the director now owns 4,744 shares of the company's stock, valued at approximately $921,759.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.74% of the company's stock.

Institutional Investors Weigh In On UniFirst

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP grew its holdings in UniFirst by 1,627.3% during the 2nd quarter. Quarry LP now owns 190 shares of the textile maker's stock worth $33,000 after acquiring an additional 179 shares in the last quarter. GAMMA Investing LLC grew its holdings in UniFirst by 60.5% during the 3rd quarter. GAMMA Investing LLC now owns 183 shares of the textile maker's stock worth $36,000 after acquiring an additional 69 shares in the last quarter. Covestor Ltd grew its holdings in UniFirst by 69.7% during the 1st quarter. Covestor Ltd now owns 414 shares of the textile maker's stock worth $72,000 after acquiring an additional 170 shares in the last quarter. Innealta Capital LLC acquired a new position in UniFirst during the 2nd quarter worth $92,000. Finally, Eastern Bank acquired a new position in UniFirst during the 3rd quarter worth $109,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

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.