Should I buy or sell Vestis stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Vestis in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" VSTS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VSTS, but not buy additional shares or sell existing shares. View VSTS analyst ratings or view top-rated stocks .

What is Vestis' stock price target for 2024?

9 Wall Street analysts have issued 1-year price targets for Vestis' shares. Their VSTS share price targets range from $10.00 to $24.00. On average, they expect the company's share price to reach $16.38 in the next twelve months. This suggests a possible upside of 59.9% from the stock's current price. View analysts price targets for VSTS or view top-rated stocks among Wall Street analysts .

How have VSTS shares performed in 2024?

Vestis' stock was trading at $21.14 at the start of the year. Since then, VSTS stock has decreased by 51.6% and is now trading at $10.24. View the best growth stocks for 2024 here .

When is Vestis' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024. View our VSTS earnings forecast .

How were Vestis' earnings last quarter?

Vestis Co. (NYSE:VSTS) released its quarterly earnings data on Thursday, May, 2nd. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.22 by $0.09. The business had revenue of $705.37 million for the quarter, compared to the consensus estimate of $722.54 million. The business's revenue was up .9% compared to the same quarter last year.

How often does Vestis pay dividends? What is the dividend yield for Vestis?

Vestis declared a quarterly dividend on Tuesday, February 20th. Investors of record on Friday, March 15th will be given a dividend of $0.035 per share on Thursday, April 4th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, March 14th. Read our dividend analysis for VSTS .

Is Vestis a good dividend stock?

Vestis (NYSE:VSTS) pays an annual dividend of $0.14 per share and currently has a dividend yield of 1.49%. Read our dividend analysis for VSTS .

What ETFs hold Vestis' stock?

ETFs with the largest weight of Vestis (NYSE:VSTS) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD) . Invesco S&P SmallCap Industrials ETF (PSCI) .

What guidance has Vestis issued on next quarter's earnings?

Vestis updated its FY 2024 earnings guidance on Friday, May, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.8 billion-$2.8 billion, compared to the consensus revenue estimate of $2.9 billion.

Who are Vestis' major shareholders?

Vestis' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include DAVENPORT & Co LLC (0.86%), Principal Financial Group Inc. (0.52%), Swiss National Bank (0.19%), Nordea Investment Management AB (0.14%), Commonwealth Equity Services LLC (0.09%) and Sei Investments Co. (0.09%). Insiders that own company stock include Douglas A Pertz , James Phillip Holloman and Kim Scott. View institutional ownership trends .

How do I buy shares of Vestis?

Shares of VSTS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:VSTS

Vestis (VSTS) Stock Price, News & Analysis

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$10.24

+0.33 (+3.33%)

(As of 05/7/2024 ET)

Compare

Today's Range: $10.19
▼
$10.64
50-Day Range: $9.40
▼
$19.65
52-Week Range: $8.92
▼
$22.37

Volume: 8.76 million shs
Average Volume: 2.34 million shs
Market Capitalization: $1.35 billion

P/E Ratio: N/A
Dividend Yield: 1.37%
Price Target: $18.11

Get Vestis alerts:

Vestis MarketRank™ Stock Analysis

Analyst Rating: Hold
2.44 Rating Score
Upside/Downside: 59.9% Upside
$16.38 Price Target
Short Interest: Healthy
3.11% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.09
Based on 47 Articles This Week
Insider Trading: Acquiring Shares
$487,686 Bought Last Quarter
Proj. Earnings Growth: 30.10%
From $1.03 to $1.34 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.43 out of 5 stars

Consumer Staples Sector

21st out of 134 stocks

Miscellaneous Nondurable Goods Industry

1st out of 5 stocks

4.2

Analyst's Opinion

Consensus Rating
Vestis has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 4 buy ratings, 4 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Vestis has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Vestis' stock forecast and price target.

3.0

Short Interest

Percentage of Shares Shorted
3.11% of the float of Vestis has been sold short.
Short Interest Ratio / Days to Cover
Vestis has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Vestis has recently increased by 8.24%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
Vestis pays a meaningful dividend of 1.49%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Vestis does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Vestis will have a dividend payout ratio of 10.45% next year. This indicates that Vestis will be able to sustain or increase its dividend.
Read more about Vestis' dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for VSTS.

2.8

News and Social Media Coverage

News Sentiment
Vestis has a news sentiment score of 0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.45 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 47 news articles for Vestis this week, compared to 3 articles on an average week.
Search Interest
9 people have searched for VSTS on MarketBeat in the last 30 days. This is an increase of 350% compared to the previous 30 days.
MarketBeat Follows
1 people have added Vestis to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Vestis insiders have bought more of their company's stock than they have sold. Specifically, they have bought $487,686.00 in company stock and sold $0.00 in company stock.
Percentage Held by Institutions
97.40% of the stock of Vestis is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Vestis' insider trading history.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Vestis are expected to grow by 30.10% in the coming year, from $1.03 to $1.34 per share.
Price to Book Value per Share Ratio
Vestis has a P/B Ratio of 1.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
Read more about Vestis' valuation and earnings.

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About Vestis Stock (NYSE:VSTS)

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. Vestis Corporation was founded in 1936 and is headquartered in Roswell, Georgia.

VSTS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

VSTS Stock News Headlines

May 7, 2024 | insidertrades.com

Vestis Co. (NYSE:VSTS) Director James Phillip Holloman Purchases 20,200 Shares

May 8, 2024 | americanbankingnews.com

Vestis (NYSE:VSTS) PT Lowered to $11.00

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May 8, 2024 | americanbankingnews.com

Vestis (NYSE:VSTS) Shares Gap Up on Insider Buying Activity

May 8, 2024 | msn.com

Redburn Atlantic Downgrades Vestis (VSTS)

May 7, 2024 | theglobeandmail.com

VESTIS (VSTS) INVESTIGATION: Kaplan Fox & Kilsheimer LLP Investigates VESTIS and Encourages Investors to Contact the Firm

May 7, 2024 | prnewswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Vestis Corporation - VSTS

May 7, 2024 | americanbankingnews.com

Vestis Co. (NYSE:VSTS) Director James Phillip Holloman Purchases 20,200 Shares of Stock

May 8, 2024 | Crypto 101 Media (Ad)

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May 7, 2024 | finance.yahoo.com

Director Douglas Pertz Acquires 110,000 Shares of Vestis Corp (VSTS)

May 6, 2024 | finance.yahoo.com

Director James Holloman Acquires 20,200 Shares of Vestis Corp (VSTS)

May 5, 2024 | finance.yahoo.com

Vestis Corporation (NYSE:VSTS) Q2 2024 Earnings Call Transcript

May 5, 2024 | finance.yahoo.com

Vestis Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now