Vestis Corporation (NYSE:VSTS – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $13.56 and last traded at $13.48, with a volume of 318528 shares. The stock had previously closed at $13.20.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Stifel Nicolaus upped their target price on Vestis from $8.50 to $11.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Robert W. Baird lifted their price target on Vestis from $10.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. William Blair upgraded Vestis from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. The Goldman Sachs Group restated a “sell” rating and set a $7.50 price objective on shares of Vestis in a research note on Wednesday, May 13th. Finally, Weiss Ratings downgraded Vestis from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $9.50.
View Our Latest Research Report on Vestis
Vestis Price Performance
Vestis (NYSE:VSTS – Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.07. Vestis had a negative net margin of 0.63% and a positive return on equity of 5.27%. The company had revenue of $659.44 million during the quarter, compared to the consensus estimate of $655.32 million. During the same period last year, the firm earned ($0.05) earnings per share. Vestis’s revenue was down .9% compared to the same quarter last year. On average, equities analysts anticipate that Vestis Corporation will post 0.52 earnings per share for the current fiscal year.
Institutional Trading of Vestis
Institutional investors have recently made changes to their positions in the business. State of Wyoming increased its position in Vestis by 10.4% during the 4th quarter. State of Wyoming now owns 15,145 shares of the company’s stock valued at $101,000 after buying an additional 1,428 shares in the last quarter. Quantinno Capital Management LP raised its stake in Vestis by 2.1% in the first quarter. Quantinno Capital Management LP now owns 86,042 shares of the company’s stock valued at $676,000 after buying an additional 1,756 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Vestis by 15.6% in the second quarter. Captrust Financial Advisors now owns 20,599 shares of the company’s stock worth $118,000 after acquiring an additional 2,787 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Vestis by 147.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,175 shares of the company’s stock worth $35,000 after acquiring an additional 3,082 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Vestis by 176.1% during the fourth quarter. Farther Finance Advisors LLC now owns 5,193 shares of the company’s stock worth $35,000 after acquiring an additional 3,312 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.
About Vestis
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. The company serves manufacturing, hospitality, retail, food processing, food service, pharmaceuticals, healthcare, automotive, and cleanroom industries.
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