Allianz Asset Management GmbH Sells 13,530 Shares of Unifirst Corporation $UNF

Allianz Asset Management GmbH lowered its holdings in shares of Unifirst Corporation (NYSE:UNF) by 81.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,053 shares of the textile maker’s stock after selling 13,530 shares during the period. Allianz Asset Management GmbH’s holdings in Unifirst were worth $575,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC raised its position in Unifirst by 3.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 608,245 shares of the textile maker’s stock worth $105,835,000 after acquiring an additional 17,530 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Unifirst by 85,558.5% in the 1st quarter. Jones Financial Companies Lllp now owns 307,514 shares of the textile maker’s stock worth $53,507,000 after buying an additional 307,155 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Unifirst by 0.4% in the 1st quarter. Northern Trust Corp now owns 264,345 shares of the textile maker’s stock worth $45,996,000 after acquiring an additional 1,023 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Unifirst by 353.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 171,346 shares of the textile maker’s stock valued at $29,815,000 after buying an additional 133,588 shares in the last quarter. Finally, Voss Capital LP purchased a new position in Unifirst during the 1st quarter valued at about $28,529,000. Institutional investors own 78.17% of the company’s stock.

Unifirst Stock Performance

Shares of NYSE UNF opened at $158.09 on Tuesday. Unifirst Corporation has a one year low of $154.00 and a one year high of $243.70. The company’s fifty day moving average is $169.66 and its two-hundred day moving average is $176.12. The firm has a market capitalization of $2.93 billion, a P/E ratio of 19.81 and a beta of 0.86.

Unifirst (NYSE:UNF) last released its quarterly earnings data on Wednesday, October 22nd. The textile maker reported $2.28 EPS for the quarter, topping the consensus estimate of $2.15 by $0.13. Unifirst had a net margin of 6.10% and a return on equity of 7.11%. The business had revenue of $614.45 million for the quarter, compared to analyst estimates of $607.02 million. During the same period in the previous year, the firm earned $2.39 EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Unifirst has set its FY 2026 guidance at 6.580-6.980 EPS. On average, sell-side analysts forecast that Unifirst Corporation will post 7.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

UNF has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Unifirst in a research report on Wednesday, October 8th. Barclays decreased their price objective on shares of Unifirst from $152.00 to $145.00 and set an “underweight” rating on the stock in a report on Thursday, October 23rd. UBS Group set a $182.00 price objective on shares of Unifirst in a research report on Thursday. JPMorgan Chase & Co. began coverage on shares of Unifirst in a research note on Monday, July 14th. They issued an “underweight” rating and a $175.00 price objective for the company. Finally, Robert W. Baird set a $197.00 price target on shares of Unifirst in a research note on Monday, June 30th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $174.75.

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.