Barclays PLC Has $774,000 Stock Holdings in Vestis Co. (NYSE:VSTS)

Barclays PLC grew its position in Vestis Co. (NYSE:VSTS - Free Report) by 445.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,981 shares of the company's stock after buying an additional 42,450 shares during the period. Barclays PLC's holdings in Vestis were worth $774,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC increased its stake in Vestis by 223.0% during the 3rd quarter. HighTower Advisors LLC now owns 361,348 shares of the company's stock worth $5,386,000 after purchasing an additional 249,479 shares in the last quarter. LMR Partners LLP increased its position in shares of Vestis by 726.8% during the third quarter. LMR Partners LLP now owns 160,528 shares of the company's stock worth $2,392,000 after acquiring an additional 141,113 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Vestis by 10.7% during the third quarter. Royce & Associates LP now owns 689,389 shares of the company's stock worth $10,272,000 after acquiring an additional 66,621 shares during the period. Seven Eight Capital LP bought a new stake in Vestis in the 2nd quarter valued at $1,627,000. Finally, Renaissance Technologies LLC boosted its position in shares of Vestis by 15.3% during the second quarter. Renaissance Technologies LLC now owns 453,658 shares of the company's stock worth $5,548,000 after buying an additional 60,058 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

VSTS has been the subject of several research reports. Barclays raised their price target on shares of Vestis from $10.00 to $13.00 and gave the stock an "underweight" rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. lifted their price target on shares of Vestis from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Finally, The Goldman Sachs Group increased their price objective on shares of Vestis from $13.60 to $15.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $14.08.

Vestis Stock Performance

NYSE VSTS traded up $0.19 on Thursday, hitting $16.47. 603,370 shares of the stock were exchanged, compared to its average volume of 1,333,467. The company has a market capitalization of $2.17 billion, a PE ratio of 102.91 and a beta of 1.17. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.73 and a quick ratio of 1.36. The business's fifty day moving average is $15.60 and its 200 day moving average is $14.37. Vestis Co. has a 52 week low of $8.92 and a 52 week high of $22.37.

Vestis (NYSE:VSTS - Get Free Report) last issued its earnings results on Thursday, November 21st. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). Vestis had a net margin of 0.75% and a return on equity of 9.07%. The firm had revenue of $684.28 million during the quarter, compared to the consensus estimate of $693.54 million. The firm's revenue for the quarter was down 4.4% on a year-over-year basis. Research analysts anticipate that Vestis Co. will post 0.66 EPS for the current fiscal year.

Vestis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 13th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Friday, December 13th. Vestis's payout ratio is presently 87.51%.

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.