Raymond James & Associates Has $13.29 Million Position in UniFirst Co. (NYSE:UNF)

Raymond James & Associates boosted its position in UniFirst Co. (NYSE:UNF - Free Report) by 6.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,924 shares of the textile maker's stock after acquiring an additional 4,174 shares during the period. Raymond James & Associates owned 0.36% of UniFirst worth $13,294,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in UniFirst by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 1,695,590 shares of the textile maker's stock valued at $294,066,000 after buying an additional 4,650 shares during the last quarter. Dimensional Fund Advisors LP raised its position in UniFirst by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 737,003 shares of the textile maker's stock valued at $126,418,000 after buying an additional 23,069 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of UniFirst by 8.9% during the 2nd quarter. Victory Capital Management Inc. now owns 622,048 shares of the textile maker's stock worth $106,700,000 after purchasing an additional 51,088 shares during the last quarter. American Century Companies Inc. increased its position in shares of UniFirst by 25.9% during the 2nd quarter. American Century Companies Inc. now owns 173,315 shares of the textile maker's stock worth $29,729,000 after purchasing an additional 35,604 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of UniFirst by 17.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 144,090 shares of the textile maker's stock worth $24,716,000 after purchasing an additional 21,547 shares during the last quarter. Institutional investors own 78.17% of the company's stock.

Insider Transactions at UniFirst

In other news, Director Michael Iandoli sold 682 shares of the business's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $194.30, for a total transaction of $132,512.60. Following the completion of the transaction, the director now owns 4,744 shares of the company's stock, valued at approximately $921,759.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.74% of the stock is owned by insiders.

UniFirst Stock Performance

Shares of UniFirst stock traded down $1.09 during trading on Monday, reaching $185.92. 80,718 shares of the company's stock were exchanged, compared to its average volume of 86,121. UniFirst Co. has a 1-year low of $149.58 and a 1-year high of $200.07. The company has a market cap of $3.46 billion, a P/E ratio of 27.30 and a beta of 0.81. The firm's 50-day moving average price is $188.87 and its 200 day moving average price is $175.59.

Analysts Set New Price Targets

UNF has been the topic of a number of recent analyst reports. StockNews.com raised UniFirst from a "hold" rating to a "buy" rating in a report on Monday, August 12th. Robert W. Baird boosted their price target on UniFirst from $199.00 to $200.00 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $186.25.

About UniFirst

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.