Time to Reconsider Unifirst Corporation (NYSE:UNF) After Less Short Sellers?

March 14, 2018 - By Adrian Mccoy

 Time to Reconsider Unifirst Corporation (NYSE:UNF) After Less Short Sellers?

Investors sentiment is 1.06 in 2017 Q3. Its the same as in 2017Q2. It is without change, as 11 investors sold UniFirst Corporation shares while 56 reduced holdings. only 17 funds opened positions while 54 raised stakes. 14.74 million shares or 0.52% more from 14.66 million shares in 2017Q2 were reported.
Riverhead Capital Mgmt Limited Co reported 0.01% stake. 9,512 were accumulated by Hancock Com. Tower Capital Ltd Liability (Trc) owns 1,593 shares. First Quadrant Ltd Partnership Ca holds 33,340 shares or 0.1% of its portfolio. 8,400 are owned by Td Asset Mgmt Inc. Ls Investment Advsr Ltd holds 527 shares. Burney Com reported 10,248 shares or 0.09% of all its holdings. Jpmorgan Chase And Communications accumulated 6,120 shares or 0% of the stock. New York State Common Retirement Fund stated it has 60,079 shares or 0.01% of all its holdings. Wells Fargo Mn reported 0% stake. Legal General Group Public Limited Company invested in 30,813 shares. Keybank Natl Association Oh reported 0.01% stake. Alliancebernstein Lp, New York-based fund reported 21,851 shares. West Virginia-based Wesbanco Financial Bank has invested 0.05% in UniFirst Corporation (NYSE:UNF). 200 are held by Fifth Third Bancorporation.

Since December 14, 2017, it had 0 buys, and 10 selling transactions for $1.18 million activity. $18,207 worth of UniFirst Corporation (NYSE:UNF) shares were sold by Ross William Masters. $178,744 worth of UniFirst Corporation (NYSE:UNF) was sold by Croatti Michael A.

The stock of Unifirst Corporation (NYSE:UNF) registered a decrease of 1.24% in short interest. UNF’s total short interest was 119,800 shares in March as published by FINRA. Its down 1.24% from 121,300 shares, reported previously. With 84,700 shares average volume, it will take short sellers 1 days to cover their UNF’s short positions. The short interest to Unifirst Corporation’s float is 0.79%.

The stock decreased 0.67% or $1.075 during the last trading session, reaching $159.575. About 16,517 shares traded. UniFirst Corporation (NYSE:UNF) has risen 24.32% since March 14, 2017 and is uptrending. It has outperformed by 7.62% the S&P500.

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Canada, and Europe. The company has market cap of $3.24 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 42.7 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.

UniFirst Corporation (NYSE:UNF) Ratings Coverage

Among 4 analysts covering UniFirst Corp (NYSE:UNF), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. UniFirst Corp had 10 analyst reports since September 1, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, September 1 by Zacks. The stock of UniFirst Corporation (NYSE:UNF) has “Outperform” rating given on Thursday, June 29 by Robert W. Baird. The firm has “Buy” rating given on Wednesday, January 3 by Robert W. Baird. Robert W. Baird maintained it with “Buy” rating and $163.0 target in Tuesday, September 5 report. The firm earned “Neutral” rating on Friday, July 1 by Robert W. Baird. The firm has “Buy” rating given on Friday, October 6 by Robert W. Baird. The stock has “Outperform” rating by Robert W. Baird on Thursday, October 19. On Wednesday, December 16 the stock rating was upgraded by Sidoti to “Buy”. The firm has “Buy” rating by Robert W. Baird given on Thursday, October 12.

More notable recent UniFirst Corporation (NYSE:UNF) news were published by: Globenewswire.com which released: “UniFirst Corporation Plans to Announce First Quarter Results on January 3, 2018” on December 19, 2017, also Globenewswire.com with their article: “UniFirst Corporation Names Steven S. Sintros President and Chief Executive Officer” published on July 31, 2017, Globenewswire.com published: “UniFirst Corporation Names Shane O’Connor Senior Vice President and Chief …” on December 20, 2017. More interesting news about UniFirst Corporation (NYSE:UNF) were released by: Bizjournals.com and their article: “Healthiest Employers” published on March 12, 2018 as well as Streetinsider.com‘s news article titled: “UniFirst Corp (UNF) Mourns Loss of President and CEO Ronald D. Croatti” with publication date: May 24, 2017.

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