Unifirst Corp (NYSE:UNF) Institutional Investors Sentiment

December 15, 2017 - By Marie Mckinney

 Unifirst Corp (NYSE:UNF) Institutional Investors Sentiment

Sentiment for Unifirst Corp (NYSE:UNF)

Unifirst Corp (NYSE:UNF) institutional sentiment is 1.06 in Q2 2017. Its the same as in 2017Q1. The ratio is neither positive nor negative, as only 75 active investment managers started new or increased equity positions, while 71 sold and reduced their equity positions in Unifirst Corp. The active investment managers in our partner’s database now have: 14.66 million shares, down from 14.96 million shares in 2017Q1. Also, the number of active investment managers holding Unifirst Corp in their top 10 equity positions decreased from 2 to 0 for a decrease of 2. Sold All: 8 Reduced: 63 Increased: 51 New Position: 24.

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Canada, and Europe. The company has market cap of $3.43 billion. It operates through US Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid divisions. It has a 49.1 P/E ratio. The firm designs, makes, 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.

The stock increased 2.24% or $3.7 during the last trading session, reaching $169.1. About 57,457 shares traded or 6.56% up from the average. UniFirst Corporation (NYSE:UNF) has risen 24.32% since December 15, 2016 and is uptrending. It has outperformed by 7.62% the S&P500.

Analysts await UniFirst Corporation (NYSE:UNF) to report earnings on January, 3. They expect $1.41 earnings per share, up 2.17 % or $0.03 from last year’s $1.38 per share. UNF’s profit will be $28.60M for 29.98 P/E if the $1.41 EPS becomes a reality. After $1.44 actual earnings per share reported by UniFirst Corporation for the previous quarter, Wall Street now forecasts -2.08 % negative EPS growth.

Tpg Group Holdings (Sbs) Advisors Inc. holds 1.21% of its portfolio in UniFirst Corporation for 633,743 shares. River Road Asset Management Llc owns 399,927 shares or 1.09% of their US portfolio. Moreover, Hennessy Advisors Inc has 1.06% invested in the company for 245,831 shares. The Tennessee-based New South Capital Management Inc has invested 1.01% in the stock. Columbia Wanger Asset Management Llc, a Illinois-based fund reported 398,602 shares.#img1#

UniFirst Corporation (NYSE:UNF) Ratings Coverage

Ratings analysis reveals 50% of UniFirst Corp’s analysts are positive. Out of 4 Wall Street analysts rating UniFirst Corp, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $120 while the high is $171. The stock’s average target of $145.50 is -13.96% below today’s ($169.1) share price. UNF was included in 9 notes of analysts from September 1, 2015. The rating was upgraded by Zacks on Tuesday, September 1 to “Hold”. On Thursday, October 12 the stock rating was maintained by Robert W. Baird with “Buy”. The firm has “Outperform” rating by Robert W. Baird given on Thursday, October 19. The firm has “Outperform” rating given on Thursday, June 29 by Robert W. Baird. The company was downgraded on Friday, July 1 by Robert W. Baird. The firm has “Buy” rating by Robert W. Baird given on Tuesday, September 5. The stock of UniFirst Corporation (NYSE:UNF) earned “Buy” rating by Robert W. Baird on Friday, October 6. On Wednesday, December 16 the stock rating was upgraded by Sidoti to “Buy”.

More notable recent UniFirst Corporation (NYSE:UNF) news were published by: Globenewswire.com which released: “UniFirst Corporation Names Steven S. Sintros President and Chief Executive Officer” on July 31, 2017, also Streetinsider.com with their article: “UniFirst Corp (UNF) Mourns Loss of President and CEO Ronald D. Croatti” published on May 24, 2017, Seekingalpha.com published: “UniFirst’s (UNF) CEO Steven Sintros on Q4 2017 Results – Earnings Call Transcript” on October 18, 2017. More interesting news about UniFirst Corporation (NYSE:UNF) were released by: Reuters.com and their article: “BRIEF-Unifirst Corp names Steven S. Sintros president and chief executive officer” published on July 31, 2017 as well as Globenewswire.com‘s news article titled: “UniFirst President and CEO on Temporary Medical Leave of Absence” with publication date: May 15, 2017.

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