Unifirst Corp
About: UniFirst Corp provides workplace uniforms, protective clothing, and other workplace products and services to businesses in the United States, Canada, and Europe. The U.S. and Canadian Rental and Cleaning segment that accounts for the majority of the company engages in sales rents and sells clothing and non-garment items, and offers a cleaning service that delivers clean uniforms when it picks up dirty or contaminated ones. Manufacturing segment designs and manufactures uniforms and non-garment items. Specialty garments rental and cleaning segment provides specialty garments, non-garments, and cleaning services for nuclear and classroom applications. The First Aid segment provides safety supplies and pill packaging. The Corporate segment consists of various associated costs.
Employees: 16,000
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
12% more capital invested
Capital invested by funds: $2.54B [Q2] → $2.84B (+$300M) [Q3]
2% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 96
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
3% less funds holding
Funds holding: 271 [Q2] → 264 (-7) [Q3]
3.4% less ownership
Funds ownership: 98.3% [Q2] → 94.9% (-3.4%) [Q3]
18% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 40
32% less call options, than puts
Call options by funds: $457K | Put options by funds: $675K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$200
12%
upside
Avg. target
$200
12%
upside
High target
$200
12%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Baird Andrew Wittmann 81% 1-year accuracy 26 / 32 met price target | 12%upside $200 | Neutral Maintained | 24 Oct 2024 |
Financial journalist opinion
Neutral
GlobeNewsWire
1 week ago
UniFirst Corporation Plans to Announce First Quarter Results on January 8, 2025
WILMINGTON, Mass., Dec. 10, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) will report its Fiscal 2025 first quarter results on January 8, 2025 before the market opens. The Company will also hold a conference call at 9:00 a.m. Eastern Time on January 8, 2025 to discuss its quarterly financial results, business highlights and outlook. In addition, the Company may answer one or more questions concerning business and financial developments and trends, the Company's view on earnings forecasts and other business and financial matters affecting the Company, some of the responses to which may contain information that has not been previously disclosed.
Positive
Seeking Alpha
3 weeks ago
14 Upcoming Dividend Increases, Including A King
Happy Thanksgiving! Enjoy the holiday season and dividend raises. Fourteen companies increased dividends this week, with Lancaster Colony extending its 62-year streak by 5.6%. The average dividend increase is 5.5%, and McDonald's will become a dividend king next year with a 49-year streak. My strategy involves buying, holding, and adding to companies that consistently increase dividends and beat benchmarks, using data from U.S. Dividend Champions and NASDAQ.
Neutral
GlobeNewsWire
1 month ago
Unifirst Declares Increased Cash Dividends
WILMINGTON, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Wilmington, MA (October 29, 2024) -- The Board of Directors of UniFirst Corporation (NYSE:UNF) today declared increased quarterly cash dividends of $0.350 per share (35.0 cents) on the Company's Common Stock and $0.280 per share (28.0 cents) on the Company's Class B Common Stock. Both dividends are payable on January 3, 2025 to shareholders of record on December 6, 2024.
Negative
Seeking Alpha
1 month ago
UniFirst Corp.: Downgrade To Hold As Upside Potential Is Limited Given Weak FY25 Outlook
I downgraded UniFirst Corp. from buy to hold due to disappointing FY25 growth and margin outlook, despite a decent 4Q24 performance. Core Laundry segment growth decelerated for the seventh consecutive quarter, with management guiding only 1.3%-2.3% y/y growth for FY25. Pricing and volume headwinds, including negative add-stops and high inflation, are expected to impact growth and margins significantly.
Neutral
Seeking Alpha
1 month ago
UniFirst Corporation (UNF) Q4 2024 Earnings Call Transcript
UniFirst Corporation (NYSE:UNF ) Q4 2024 Earnings Conference Call October 23, 2024 9:00 AM ET Company Participants Steven Sintros - President & Chief Executive Officer Shane O'Connor - Executive Vice President & Chief Financial Officer Conference Call Participants Ronan Kennedy - Barclays Kartik Mehta - Northcoast Research Luke McFadden - William Blair Josh Chan - UBS Andrew Steinerman - JPMorgan Andrew Wittmann - Baird Operator Good day, and thank you for standing by. Welcome to the Fourth Quarter 2024 UniFirst Earnings Conference Call.
Positive
Zacks Investment Research
1 month ago
Compared to Estimates, UniFirst (UNF) Q4 Earnings: A Look at Key Metrics
The headline numbers for UniFirst (UNF) give insight into how the company performed in the quarter ended August 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
1 month ago
UniFirst (UNF) Tops Q4 Earnings and Revenue Estimates
UniFirst (UNF) came out with quarterly earnings of $2.46 per share, beating the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $1.75 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Unifirst Announces Financial Results for the Fourth Quarter and Full Fiscal Year of Fiscal 2024
WILMINGTON, Mass., Oct. 23, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (the “Company,” “UniFirst” or “we”) today reported results for its fourth quarter and full year ended August 31, 2024, as compared to the corresponding periods in the prior fiscal year. The fourth quarter as well as the full year included an extra week compared to the prior year.
Neutral
PRNewsWire
2 months ago
UniFirst unveils state-of-the-art uniform processing Facility serving Syracuse
Celebrates 70 Years of Service in the Central New York Market WILMINGTON, Mass. , Oct. 7, 2024 /PRNewswire/ -- UniFirst Corporation (NYSE:UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, proudly announces the grand opening of its advanced uniform service and processing facility in Liverpool, New York.
Neutral
GlobeNewsWire
2 months ago
UniFirst Corporation Issues Statement Related to Recent Industry Activity
WILMINGTON, Mass., Oct. 04, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (“UniFirst” or the “Company”), a North American leader in the supply and servicing of uniform and workwear programs, facility service products, and first aid and safety supplies, today issued the following statement related to recent industry activity:
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