UniFirst Co. (NYSE:UNF) Shares Sold by Oak Family Advisors LLC

Oak Family Advisors LLC lessened its holdings in UniFirst Co. (NYSE:UNF - Free Report) by 51.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,375 shares of the textile maker's stock after selling 1,476 shares during the quarter. Oak Family Advisors LLC's holdings in UniFirst were worth $235,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First Horizon Advisors Inc. grew its holdings in shares of UniFirst by 16.5% in the third quarter. First Horizon Advisors Inc. now owns 367 shares of the textile maker's stock worth $73,000 after purchasing an additional 52 shares during the last quarter. FMR LLC boosted its position in UniFirst by 3.1% in the 3rd quarter. FMR LLC now owns 1,936 shares of the textile maker's stock valued at $385,000 after buying an additional 58 shares during the period. GAMMA Investing LLC grew its stake in UniFirst by 60.5% in 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. HighTower Advisors LLC increased its position in shares of UniFirst by 1.9% during the third quarter. HighTower Advisors LLC now owns 7,069 shares of the textile maker's stock worth $1,401,000 after acquiring an additional 129 shares during the period. Finally, Martingale Asset Management L P raised its stake in shares of UniFirst by 1.0% during the third quarter. Martingale Asset Management L P now owns 13,348 shares of the textile maker's stock valued at $2,652,000 after acquiring an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

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Analysts Set New Price Targets

Several brokerages recently issued reports on UNF. UBS Group increased their price objective on UniFirst from $190.00 to $235.00 and gave the stock a "neutral" rating in a research note on Thursday, January 9th. StockNews.com downgraded UniFirst from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 8th. Finally, Robert W. Baird lifted their price objective on UniFirst from $199.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $197.50.

Insider Buying and Selling

In other UniFirst news, VP David Martin Katz sold 587 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $193.08, for a total value of $113,337.96. Following the completion of the sale, the vice president now directly owns 5,625 shares in the company, valued at approximately $1,086,075. This trade represents a 9.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder The Ronald D. Croatti Trust - 1 sold 9,500 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $190.97, for a total value of $1,814,215.00. Following the sale, the insider now owns 17,390 shares in the company, valued at $3,320,968.30. The trade was a 35.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,294 shares of company stock worth $2,546,632 in the last 90 days. 0.86% of the stock is owned by corporate insiders.

UniFirst Stock Performance

UniFirst stock traded up $1.52 during mid-day trading on Thursday, reaching $223.63. 53,677 shares of the company were exchanged, compared to its average volume of 186,753. The firm has a market cap of $4.15 billion, a P/E ratio of 28.60 and a beta of 0.89. The business has a fifty day moving average of $201.49 and a 200 day moving average of $193.88. UniFirst Co. has a 12-month low of $149.58 and a 12-month high of $243.70.

UniFirst (NYSE:UNF - Get Free Report) last issued its quarterly earnings data on Wednesday, January 8th. The textile maker reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $0.09. UniFirst had a return on equity of 7.40% and a net margin of 6.00%. The firm had revenue of $604.91 million during the quarter, compared to analysts' expectations of $606.60 million. During the same period in the prior year, the business posted $2.26 EPS. The firm's quarterly revenue was up 1.9% on a year-over-year basis. Sell-side analysts predict that UniFirst Co. will post 7.63 EPS for the current year.

UniFirst Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, March 7th. This represents a $1.40 annualized dividend and a dividend yield of 0.63%. UniFirst's dividend payout ratio (DPR) is presently 17.90%.

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.