Shelton Capital Management Takes $216,000 Position in Unifirst Corporation (UNF)

Shelton Capital Management bought a new position in Unifirst Corporation (NYSE:UNF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,533 shares of the textile maker’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in shares of Unifirst Corporation by 0.9% in the second quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the textile maker’s stock worth $577,000 after buying an additional 36 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of Unifirst Corporation by 1.1% in the first quarter. Municipal Employees Retirement System of Michigan now owns 3,520 shares of the textile maker’s stock worth $498,000 after buying an additional 40 shares during the period. Amalgamated Bank increased its stake in shares of Unifirst Corporation by 2.0% in the second quarter. Amalgamated Bank now owns 2,086 shares of the textile maker’s stock worth $294,000 after buying an additional 40 shares during the period. Huntington National Bank increased its stake in shares of Unifirst Corporation by 6.4% in the second quarter. Huntington National Bank now owns 1,285 shares of the textile maker’s stock worth $181,000 after buying an additional 77 shares during the period. Finally, Aperio Group LLC increased its stake in shares of Unifirst Corporation by 2.3% in the second quarter. Aperio Group LLC now owns 4,585 shares of the textile maker’s stock worth $645,000 after buying an additional 104 shares during the period. 73.47% of the stock is currently owned by institutional investors.

Unifirst Corporation (NYSE UNF) opened at 155.55 on Friday. The stock has a market capitalization of $3.15 billion, a P/E ratio of 28.66 and a beta of 0.70. Unifirst Corporation has a 52 week low of $116.90 and a 52 week high of $160.63. The company has a 50 day moving average of $149.56 and a 200 day moving average of $141.98.

Unifirst Corporation (NYSE:UNF) last released its earnings results on Wednesday, October 18th. The textile maker reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.20. Unifirst Corporation had a return on equity of 7.53% and a net margin of 4.40%. The business had revenue of $403.60 million for the quarter, compared to analyst estimates of $392.15 million. During the same quarter last year, the firm posted $1.27 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. Equities analysts expect that Unifirst Corporation will post $4.93 EPS for the current fiscal year.

Several research analysts recently commented on UNF shares. Zacks Investment Research downgraded shares of Unifirst Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, September 9th. Robert W. Baird raised shares of Unifirst Corporation from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $145.00 to $163.00 in a research note on Thursday, June 29th. BidaskClub downgraded shares of Unifirst Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Unifirst Corporation in a research note on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $165.00.

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About Unifirst Corporation

UniFirst Corporation is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments.

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Institutional Ownership by Quarter for Unifirst Corporation (NYSE:UNF)

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