UniFirst (NYSE:UNF) Given New $200.00 Price Target at Robert W. Baird

UniFirst (NYSE:UNF) had its price target upped by research analysts at Robert W. Baird from $199.00 to $200.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the textile maker’s stock. Robert W. Baird’s price target suggests a potential upside of 6.95% from the stock’s current price.

Several other brokerages have also commented on UNF. JPMorgan Chase & Co. increased their price objective on UniFirst from $170.00 to $175.00 and gave the company an “underweight” rating in a report on Thursday, June 27th. UBS Group increased their price target on UniFirst from $186.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, June 27th. Finally, StockNews.com upgraded UniFirst from a “hold” rating to a “buy” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $186.25.

UniFirst Stock Down 1.1 %

NYSE:UNF opened at $187.01 on Thursday. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 27.30 and a beta of 0.81. UniFirst has a 52 week low of $149.58 and a 52 week high of $200.07. The firm has a 50 day moving average of $188.87 and a 200 day moving average of $175.43.

Insider Buying and Selling

In other UniFirst news, Director Michael Iandoli sold 682 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $194.30, for a total transaction of $132,512.60. Following the sale, the director now owns 4,744 shares in the company, valued at approximately $921,759.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.74% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On UniFirst

A number of institutional investors and hedge funds have recently modified their holdings of UNF. New York State Teachers Retirement System increased its holdings in UniFirst by 6.7% in the 3rd quarter. New York State Teachers Retirement System now owns 21,553 shares of the textile maker’s stock worth $4,282,000 after buying an additional 1,362 shares during the period. Pullen Investment Management LLC boosted its holdings in shares of UniFirst by 13.9% in the 3rd quarter. Pullen Investment Management LLC now owns 3,195 shares of the textile maker’s stock valued at $635,000 after acquiring an additional 389 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of UniFirst by 16.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,677 shares of the textile maker’s stock worth $333,000 after acquiring an additional 239 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in shares of UniFirst during the third quarter worth $266,000. Finally, Eastern Bank acquired a new position in UniFirst during the third quarter valued at $109,000. Institutional investors and hedge funds 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.