UniFirst is a Clothing Stock for a Strong Job Market

UniFirstAmerica’s economy is in its longest-ever period of expansion. Unemployment is at a record low and job growth is exceeding expectations. These conditions make it the ideal time to look into complementary stocks that are pinned to the job market. UniFirst Corp. (NYSE: UNF) is a clothing company that specializes in uniforms and protective clothing. There’s a mild upside predicted, making it a strong pick for Q1.

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UniFirst has generated consistent revenue growth in the last five fiscal years. At the end of the 2019 fiscal year, revenue was reported at $1.81 billion, a 6.64% year over year increase. Gross income grew by 4.33%, contributing to an impressive 31.28% gross profit margin. In the previous quarter, earnings came in at $2.52 per share, which was 25% higher than the average analyst prediction.

The company expects continued earnings and revenue growth, in part due to its strong brand and market presence, and also because of the robust job market. The stock has an average target price of $219.50, hinting at an upside for investors who buy today. Momentum behind the stock is a promising sign as we move deeper into 2020.

Key Data:

  • 1 Year Price Growth: 93%
  • YTD Price Growth: 07%
  • 3 Month Price Growth: 65%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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