Vestis (NYSE:VSTS) Stock Rating Reaffirmed by Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Vestis (NYSE:VSTS) in a research report released on Friday morning, Marketbeat reports.

A number of other analysts have also weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of Vestis in a research note on Thursday, January 25th. They set a neutral rating and a $22.00 price objective for the company. Wolfe Research began coverage on shares of Vestis in a report on Thursday, January 11th. They issued an outperform rating and a $24.00 price objective for the company. JPMorgan Chase & Co. cut Vestis from an overweight rating to a neutral rating and lowered their price objective for the company from $22.00 to $11.00 in a research report on Friday. Barclays reduced their target price on Vestis from $19.00 to $10.00 and set an underweight rating for the company in a report on Friday. Finally, Robert W. Baird lowered their price target on Vestis from $24.00 to $13.00 and set an outperform rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vestis currently has a consensus rating of Hold and an average price target of $19.33.

Vestis Stock Down 7.4 %

Shares of VSTS opened at $9.41 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.51 and a quick ratio of 2.23. The business’s 50 day moving average price is $18.38 and its 200-day moving average price is $18.72. Vestis has a 52 week low of $8.92 and a 52 week high of $22.37.

Vestis (NYSE:VSTS) last released its earnings results on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.09). The business had revenue of $705.37 million during the quarter, compared to analyst estimates of $722.54 million. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts predict that Vestis will post 1.03 earnings per share for the current year.

Vestis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were paid a dividend of $0.035 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.49%.

Insider Transactions at Vestis

In other Vestis news, CEO Kim Scott purchased 15,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were acquired at an average cost of $19.14 per share, for a total transaction of $287,100.00. Following the completion of the transaction, the chief executive officer now owns 183,131 shares of the company’s stock, valued at $3,505,127.34. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Institutional Trading of Vestis

A number of hedge funds and other institutional investors have recently bought and sold shares of VSTS. Sound Income Strategies LLC bought a new stake in shares of Vestis during the 4th quarter valued at $25,000. Parkside Financial Bank & Trust purchased a new stake in Vestis in the 4th quarter worth $25,000. CI Investments Inc. bought a new stake in Vestis during the third quarter valued at about $28,000. Daiwa Securities Group Inc. bought a new stake in Vestis during the fourth quarter valued at about $34,000. Finally, TFO Wealth Partners LLC purchased a new position in shares of Vestis in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Vestis Company Profile

Vestis Corporation provides uniform rentals and workplace supplies in the United States and Canada. Its products include uniform options, such as shirts, pants, outerwear, gowns, scrubs, high visibility garments, particulate-free garments, and flame-resistant garments, as well as shoes and accessories; and workplace supplies, including managed restroom supply services, first-aid supplies and safety products, floor mats, towels, and linens.